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Sustainable growth needs collective effort: Goyal
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IANS | 01 Mar, 2023
Commerce Minister Piyush Goyal on Wednesday said that sustainable growth
cannot be achieved unless there is a collective effort from all
stakeholders of the society including the government, businesses, and
the citizens.
Addressing the India-Europe Business and
Sustainability Conclave organised by industry body CII, Goyal said that
the partnership between India and the European nations was important for
ensuring sustainability and inclusive growth and making the world a
better and safer place.
The minister highlighted that it is
important to recognise that developing countries vis-a-vis developed
countries will have different goals and timelines in their growth
journey, and therefore, all countries must be sensitive to each other's
needs, goals and outcomes.
Sustainability and inclusive growth were critical elements of India's Union Budget 2023, the Commerce Minister added.
"Basic
needs including access to water, digital and infrastructure
connectivity, technology, healthcare, and education, among others, must
be assured to everyone," he added.
Goyal stated further that
India's growth story is driven by its aspirational youth who also
recognise sustainability as an important element of India's future
growth.
The Union Minister urged the business leaders and the
global political leadership to come together in driving collective
efforts in transitioning towards a greener future.
"India is an
indispensable and strategic partner for the European Union," said Josep
Borrell, high representative of the European Union for foreign affairs
and security policy, and vice president, European Union.
He
highlighted that India is an important partner for the EU in many areas,
including energy and technology, adding that there is greater potential
for increasing India-EU energy cooperation, particularly in green
energy and just transition.
"The Indian and European economies
are connected through trade and innovation and cooperation between the
two must be explored further as the two together can shape a better
future for the world," said Wopke Hoekstra, Deputy Prime Minister and
Minister of Foreign Affairs, The Netherlands.
British Foreign
Secretary James Cleverly said that India's G20 presidency has come at
the right time, making India a crucial partner for the UK.
He
emphasised that the UK would lend its support to India's G20 presidency
and would work together to strengthen the global trade system. Cleverly
further said that the India-UK free trade agreement has the potential to
deliver real benefits across both economies.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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Daily Poll |
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