Economic Inequality: How to Bridge the Rich-Poor Divide
India’s Finance Minister Arun Jaitley said that the rich nations still have a big responsibility and obligation to use their resources to support multilateralism, to make institutions like the World Bank strong in order to fund policies and programs for the growth and development of poorer nations.
Jaitley was addressing the gathering at the Development Committee Restricted Lunch Session in Washington D.C. Friday. The theme of the session was ‘Inequality’.
Jaitley said that India has significantly stepped-up investment in electricity, roads, financial access and housing for the poor.
He said that the government has also taken a number of steps to ensure inclusive growth and using technological innovations in a big way for better targeting of government services.
Jaitley is on an official tour to Washington D.C., USA to attend the Spring Meetings of the International Monetary Fund (IMF) and the World Bank and other associated meetings.
He is accompanied by Dr. Urjit Patel, Governor RBI; Shaktikanta Das, Secretary, Department of Economic Affairs (DEA); Dr. Arvind Subramanian, Chief Economic Adviser (CEA), and other officials.
