Indian Economy News

India-Japan hold Finance Dialogue in New Delhi

Mr. Masato Kanda, Vice Minister of Finance for International Affairs, Japan, and Mr. Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance, held the first India-Japan Finance Dialogue in India on June 16.

The dialogue on India-Japan financial cooperation, which had previously been held at the level of Deputy Director-Generals, was upgraded to the level of Vice Minister/Secretary in light of the growing importance of India-Japan relations in recent years.

Representatives from the Ministry of Finance, the Financial Services Agency, and various financial institutions made up the Japanese delegation. The discussion included members from the Indian Ministry of Finance, the Reserve Bank of India, the Insurance Regulatory and Development Authority of India, the Securities and Exchange Board of India, and other financial institutions.

The participants discussed the macroeconomic situation, financial system, financial digitalization, and investment climate in both countries, and confirmed that both sides will continue to collaborate closely as they hold the G20 and G7 presidency next year.

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