Indian Economy News

India is safeguarding the farm subsidy, says Agriculture Minister on G20 sidelines

  • IBEF
  • January 31, 2023

The Minister of Agriculture and Farmers' Welfare, Mr. Narendra Singh Tomar said interest to safeguard the support extended to the agricultural sector in form of subsidy by the government will be protected in the G20 deliberations being held under India's presidency. He was addressing the media after inaugurating the 1st International Financial Architecture Working Group Meeting of G20 in Chandigarh.

He asserted that under the leadership of the Prime Minister Mr. Narendra Modi, India’s interest will be protected and the support for agriculture production cannot be diluted. Further, he remarked that the G20 presidency of India is an opportunity to showcase India’s strength to the global world.

“Earlier, such global summits used to be held in Delhi or in Hyderabad or Bengaluru. Now, as per the Prime Minister's vision, more than 200 meetings are being held in 50 places in the country with an aim to showcase India's cultural and historical strength to the delegates. The aim is that the delegates visit each and every corner of the country and relish different weather conditions," Mr. Narendra Singh Tomar said. In addition, he said that the sole aim of the summit is to strengthen the weaker economies. G20 is the ideal forum to find solutions to all the common issues that the different countries are facing currently, he said.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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