India flags global supply chain disruption at G20 meet in US

Global growth momentum is dampened by prolonged inflation, supply chain disruption, volatility in energy markets and investor uncertainty, said Finance Minister Nirmala Sitharaman while taking part in the G20 Finance Ministers and Central Bank Governors meeting in Washington DC.

Under the Indonesia presidency, the Indian Finance Minister at G20 said that it is well placed to catalyse international policy coordination to deal with macroeconomic consequences.

"FM Smt. @nsitharaman spoke at the #G20 Finance Ministers & Central Bank Governors #FMCBG meeting under #G20Indonesia presidency in Washington D.C., today. Meeting agenda included #global economic outlook & risk, international financial architecture & #globalhealth," the finance ministry said in a Tweet on April 21.

"FM Smt. @nsitharaman noted that global growth momentum is dampened by prolonged #inflation, #supplychain disruption, volatility in #energymarkets and investor uncertainty," the ministry said further.

Finance Minister Nirmala Sitharaman on April 20 met US Secretary of Commerce Gina Raimondo and discussed ways to strengthen economic cooperation, in the bilateral and global contexts.

Earlier, the Finance Minister also met John Neuffer, President and CEO of the Semiconductor Industry Association (SIA), on the sidelines of IMF-World Bank Spring Meetings 2022, according to the Ministry of Finance.

(ANI)