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India to push for rupee trade agenda in G20 meetings, says official

India will be looking to push the rupee trade agenda in the G-20 meetings it is organising as part of its ongoing presidency of the forum, a senior bureaucrat said on Monday.

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Press Trust of India Mumbai

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India will be looking to push the rupee trade agenda in the G-20 meetings it is organising as part of its ongoing presidency of the forum, a senior bureaucrat said on Monday.
Commerce Secretary Sunil Barthwal said rupee trade will be of help, especially with those countries whose currencies are under pressure.
"Definitely, we would like to see that rupee trade also happens, particularly those countries which are facing issues," Barthwal told reporters here, replying to a specific question if India will be looking at the upcoming G-20 meeting of the trade and investment group as a platform to boost rupee trade.
He also said that the issue of rupee trade is not directly linked with the G-20 forum.
It can be noted that as of now, India has been successful in forging agreements with 18 countries since embarking on the agenda of settling trade in the rupee amid currency volatility last year. India is the President of G-20 in the current term.
About 100 delegates from various G-20 countries, special invitee countries and international organisations will be attending the three-day meeting in the financial capital from Tuesday.
The ministry has already prepared five priority areas to be discussed at the meeting, Barthwal said, adding that the deliberations will be the stepping stones for the final G-20 leaders meeting in September.
The priority areas include how to make trade and growth more inclusive, making global supply chains more resilient, integrating small businesses in trade and ways to improve logistics, including by getting uniformity in regulations, Barthwal said.
India is also proposing reforms on the world trade organisation (WTO) front, the Commerce Secretary said, adding that the same will be a part of the agenda at the next meeting of the same trade and investment working group to be held in Gujarat's Kevadia.
The delegates will be visiting the Bharat Diamond Bourse as part of the meeting, Barthwal said, adding that over 90 per cent of diamonds are processed in India.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 27 2023 | 9:34 PM IST

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