New Delhi: Prime Minister Narendra Modi has said that digitalization has made people’s lives easier.
A conference of finance ministers and heads of central banks of the G20 member countries is being held in Bengaluru today (February 24). Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das chaired the conference, which was chaired by Prime Minister Narendra Modi through video. He then said: “You are the representatives of the countries that lead the world in finance and economy. This meeting of yours has taken place at a time when the world is facing a major economic crisis.
A once-in-a-century pandemic like Corona has hit the world economy hard. The economy of various countries, especially developing countries, has been severely affected by the effects of the Corona pandemic. Due to this we are witnessing tension in geopolitics in many parts of the world.
There is a need to consolidate and strengthen banks for development projects to address international challenges including climate change. Manufacturers and customers are very optimistic about the future. I hope you can ensure that its impact is aligned with global economic growth. I insist that your advice should focus on the advancement of the world’s most vulnerable citizens. The world’s confidence can only be increased through projects that connect everyone.
The role of technology in the financial sector has grown tremendously. At the same time, it poses some challenges. In the last few years, India has ensured that digital money transactions are safe, secure and efficient. It has greatly increased the efficiency of government and development for all. Due to this, people’s lives have become easier.
During India’s presidency of the G20, the G20 allows countries to use India’s UPI technology for digital payments. Prime Minister Narendra Modi addressed India as a role model country in making better use of technology for development.
