5 hrs ago
India Seeks Greater Global Economic Influence Through Institutions and Markets
Anuradha Thakur said India is becoming more important in the world economy.
She explained that being a large economy is not enough to become a global leader.
Countries also need strong institutions, reliable markets and trusted financial systems.
India is working to strengthen these areas through reforms and deeper capital markets.
GIFT IFSC is part of these efforts.
India is also taking part in groups such as the G20, BRICS, OECD and FATF.
During India’s G20 presidency, the African Union joined the group.
Thakur said building a major global financial centre takes many years of steady work.
Economic Affairs Secretary Anuradha Thakur said India’s global economic role is expanding beyond rapid GDP growth.
Thakur said global leadership depends on trusted institutions, technology, financial systems and economic strength.
She identified economic and institutional capacity, a recognized global role, and strategic resilience as key ingredients for leadership.
Domestic financial reforms, deeper capital markets and GIFT IFSC were presented as foundations for India’s international financial ambitions.
Thakur highlighted India’s participation in the G20, BRICS, OECD and FATF, including support for the African Union’s inclusion in the G20.
- Who
- Economic Affairs Secretary Anuradha Thakur discussed India’s changing global economic role.
- What
- Thakur outlined the foundations and requirements for India to become a stronger global economic and financial power.
- Where
- The conclave was held in Mumbai.
- When
- She spoke on Thursday at the SBI Banking & Economics Conclave.
- Why
- She said India needs strong institutions, trusted financial systems, deeper markets and strategic resilience to build global influence.
Key facts
- Speaker
- Economic Affairs Secretary Anuradha Thakur
- Event
- SBI Banking & Economics Conclave
- Location
- Mumbai
- Leadership ingredients
- Economic and institutional capacity, a recognized global role, and strategic resilience and patience
- Financial foundations
- Domestic financial reforms, deeper capital markets and GIFT IFSC
- International forums
- G20, BRICS, OECD and FATF
- G20 development
- The African Union was included in the G20 during India’s presidency
Quotes
Anuradha Thakur
Economic Affairs Secretary of India
“Global leadership is not simply a function of economic size. It is built when institutions, markets, financial systems, and the nation become sufficiently trusted that others choose to rely upon them.”
financialexpress.com
“a country of great natural wealth, but sunk in poverty by mismanagement.”
financialexpress.com
Sources
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