G20 working group meeting discuss financial inclusion

KOLKATA, West Bengal: Arjun Munda, Minister for Tribal Affairs, Government of India, addressed first meeting of the G20 working group on Global Partnership for Financial Inclusion (GPFI). The plenary meeting was held at the Biswa Bangla Convention Centre in Kolkata, West Bengal.

Munda was addressing a gathering of 1,800 students from the state where he highlighted India’s vision of ‘Vasudhaiva Kutumbakam.’ He said, “We strive for a human-centric globalisation, where no one is left behind.”

The minister added that the process of financial inclusion leads to currency management, thus enhancing the saving potential and consequently leading to social security and quality of life. Munda asked the students to learn the whims of financial literacy early and properly so they can’t be fooled in the future.

While talking about India hosting the G20 Summit, he said it is a historic opportunity for the country to host a forum for international economic cooperation. The G20 forum collectively represents around 85 per cent of the world’s Gross Domestic Product (GDP).

The meeting was attended by member nations of the G20 and senior officials from the Department of Economic Affairs, Ministry of Finance, Government of India and Reserve Bank of India.