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India Supports US G20 Growth Focus, Seeks Action On Imbalances
India attended a meeting of the G20 finance ministers in Asheville.
The United States is leading this year’s G20 work.
It wants countries to focus on economic growth, problems caused by differences between economies, and financial literacy.
India said it agrees with these priorities.
Finance Minister Nirmala Sitharaman also met US Treasury Secretary Scott Bessent.
She said their discussion was positive and constructive.
She held separate meetings with officials from several other countries.
India reported strong recent growth, including a 7.8% overall increase in the first quarter of its 2026-27 financial year.
Finance Minister Nirmala Sitharaman said India supports the US G20 presidency’s focus on growth, global imbalances and financial literacy.
Sitharaman described her bilateral meeting with US Treasury Secretary Scott Bessent as positive and constructive.
She called for candid, fair and open G20 discussions on challenges affecting the international economy.
Sitharaman also held positive bilateral meetings with representatives from Poland, Qatar, South Korea and Russia.
India reported 7.8% economic growth in the first quarter of fiscal year 2026-27, including 9.2% manufacturing growth.
- Who
- India’s Finance Minister Nirmala Sitharaman, US Treasury Secretary Scott Bessent and other G20 finance officials.
- What
- India supported the US G20 presidency’s priorities of economic growth, addressing global imbalances and improving financial literacy.
- Where
- The meeting took place in Asheville, after Sitharaman’s visits to Canada and Chicago; she is scheduled to travel to New York.
- When
- During the G20 Finance Ministers’ meeting; India reported first-quarter fiscal-year 2026-27 growth of 7.8%.
- Why
- India wants open discussions on international economic challenges and to strengthen economic and financial relationships with other countries.
Key facts
- Meeting location
- Asheville
- India’s reported growth
- 7.8% in the first quarter of fiscal year 2026-27
- Manufacturing growth
- 9.2%
- Financial and professional services growth
- 12.1%
- US G20 priorities
- Economic growth, global imbalances and financial literacy
- Additional bilateral meetings
- Poland, Qatar, South Korea and Russia
- Next scheduled destination
- New York, for meetings with investors interested in India
Quotes
Nirmala Sitharaman
India’s Finance Minister
“Growth is a central point for the G20’s financial track. Equally, the imbalances, global imbalances will have to be sorted out.”
freepressjournal.in
“I may also add here that I’ve had a very positive, constructive bilateral discussion with Secretary Bessent today.”
freepressjournal.in
Sources
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