New Delhi, Oct 28 (Mayank Nigam) India’s G20 presidency opens doors for global investment & sustainable economic growth, Hon’ble Minister of State for Finance Mr. Pankaj Chaudhary said on Saturday. PHD Chamber of Commerce and Industry (PHDCCI) today hosted the 6th Annual Convention on Capital Market & Commodity Market here on PHD House New Delhi. Mr. Pankaj Chaudhary Hon’ble Minister of State for Finance, Ministry of Finance, Government of India in his remarks appreciated PHDCCI and its 118 years’ legacy of playing an important role in shaping the business model of the country. The theme “INDIA SHINES BRIGHT @ G20: Pioneering Financial Market Digitization & Regulations” at its headquarters, PHD House, New Delhi.
Hon’ble Minister highlighted India’s G20 presidency and how it transforms businesses and India’s story in the financial economy. He said that under the able leadership of Hon’ble Prime Minister, Shri Narendra Modi, significant developments were made with world leaders. Our honourable PM has inspired India to transform obstacles into opportunities and aspirations into achievements. India’s G20 presidency has opened doors for global investment. We know that the G20 will support the financial sector in ensuring sustainable economic growth and the stability of financial markets. In the last 10 years, continuity of policies, rapid growth, capital expenditure of over Rs 10 lakh crore, together have resulted in the roots of democracy in India to get deepened, and making India an attractive destination for investment. Speaking on Digitisation, he said, the development of digital infrastructure is an important step in enhancing trade and commerce in the country. The adoption of digitalization in our capital markets have increased efficiency, transparency and accessibility.
Further, by reducing intervention and embracing technology, we can improve the integrity and security of our capital markets. Over the past few years, especially after the pandemic, the capital markets and investment services industry have experienced significant growth. Retail participation with new individual investors joining the stock market have increased. He exuded confidence that in the times to come and under the able leadership of Honorable Prime Minister with well-planned and balanced policies of the government, we are paving the way for financial resilience, Hon’ble Minister concluded. Mr. Sanjeev Agrawal, President, PHDCCI emphasized that the theme of today’s Capital Market & Commodity Market Convention very aptly states, India Shines Bright, as INDIA is indeed shining bright amongst its G20 partners and we are in the era of pioneering financial market digitization. Hosting the G20 summit has provided India with global visibility and recognition. This has boosted investor confidence and we are sure to attract foreign investment into Indian capital markets.