December 24, 2024 07:36 pm (IST)
4th Global Economic Summit inaugurated
Mumbai, Sept 11 (IBNS):Union Minister for Development of North Eastern Region (DoNER) Vijay Kumar Singh has inaugurated the the 4th Global Economic Summit.
Singh said the Asian economy has much to offer to the globe.
Need to Revisit the Globe Trade Regime to Benefit the Asian Continent says Dr. Singh
“The Asian economy has much to offer to the globe. The Asian continent has a demographic advantage being home to a young, skilled and productive work force. Secondly, the continent boosts of a pool of natural resources which needs to be tapped to give impetus to its manufacturing," Singh said.
"Thirdly, technical expertise required for any manufacturing or service industries are intrinsic in the Asian continent. The combination of a demographic base coupled with access to natural resources and technological expertise inherent in Asia makes it the centre piece of the globe. However, the Asian developmental model lacks access to quality infrastructure, education and health. The answer to its shortcomings lies in global integration by encouraging international trade and investment. However, trade protectionist policies of major economies of the continent possess trade barriers. There is a pressing need to revisit the global trade regime to create equal opportunities for all economies to benefit from global trade and growth”, he said during the inauguration ceremony of the 4th edition of the Global Economic Summit on the theme “Asia: Powering Global Markets” jointly organised by MVIRDC World Trade Centre and All India Association of Industries.
Outlining the path for the Indian economy, Singh said that India is gradually picking up from its sluggish growth prospects witnessed recently.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
How to Choose the Best Marriage Loan for Your Wedding Budget
Tue, Dec 24 2024
Want to Retire Early? Use A Retirement Calculator to See How
Tue, Dec 24 2024
Understanding the Various Types of Demat Accounts in India
Tue, Dec 24 2024
Invest in Sugar Stocks: Start Trading Today
Tue, Dec 24 2024
BEL secures Rs 973 crore orders; FY25 order book reaches Rs 9,801 cr
Mon, Dec 23 2024