India is at the vanguard of the digital revolution and its financial inclusion journey can be an example for other developing countries to look at, senior UN officials and economists have said.
Speaking on Thursday at the ‘India Roundtable on Financial Inclusion’, India’s Permanent Representative to the UN Ambassador Ruchira Kamboj said the country takes financial inclusion seriously and it has led to social and economic empowerment of the people.
“We believe India’s financial inclusion journey can be an example for other developing countries to look at,” she said.
The discussion, organised by the Permanent Mission of India to the UN, aimed at bringing to centre stage the role of financial inclusion in achieving the Sustainable Development Goals.
Delivering the keynote address at the session attended by senior UN officials, ambassadors, diplomats and analysts, Columbia University Professor and former Vice Chairman of NITI Aayog Arvind Panagariya said India played a “pioneering role” in developing the idea of financial inclusion itself.
“Financial inclusion, economic inclusion and growth – they all go hand in hand, and they, in turn, also influence things like health and SDGs. These are all very interrelated, interconnected elements, and there is much that India can offer today in terms of its own experience to the other developing countries,” Panagariya, who has formerly been India’s G20 Sherpa, said.
In her remarks, Kamboj said the world is halfway through its journey towards the 2030 Agenda and Sustainable Development Goal (SDG) targets.
