Press Conference on 4th Global Partnership for Financial Inclusion Meeting in Mumbai

Economic Advisor Chanchal Sarkar briefed on the first day of the G20 Global Partnership for Financial Inclusion (GPFI) working group meeting in Mumbai, featuring a symposium on digital public infrastructure (DPI) to energize SMEs amid the Delhi Declaration. Discussions emphasized DPI's role in addressing finance access challenges for SMEs, which generate over 50% of global employment, with inputs from officials like RBI Deputy Governor T. Ravi Shankar and World Bank representatives, alongside showcases of India's Aadhaar, ONDC, and Singapore's Project Prox Trader. Upcoming sessions will cover gender gaps, remittances reduction below 3% by 2030, SME financing, and consumer protection via DPI. The meeting advances key documents like G20 DPI policy recommendations and the 2024-26 Financial Inclusion Action Plan, promoting universal inclusion for G20 nations and beyond.