VGIR 2020 : Virtual Global Investor Roundtable | UPSC

VGIR 2020 : Virtual Global Investor Roundtable | UPSC

      HEADLINES:

PM to chair Virtual Global Investor Roundtable on 5th November

      WHY IN NEWS:

Union Finance Minister, Union Minister of State for Finance, RBI Governor and other dignitaries will also be present on the occasion.

MINISTRY? :-Ministry of Finance
SYLLABUS COVERED: GS 3: FDI : Indian Economy : Miscellaneous

      LEARNING: 

For PRELIMS this is an easy concept . Go through aim , focus and key focus areas of the summit .

For MAINS go through the significance . Include such summits in GS-3 answers ( FDI , Money market etc.)

      ISSUE: 

Prime Minister Shri Narendra Modi will chair the Virtual Global Investor Roundtable (VGIR) on 5th November, 2020.

VGIR 2020 : VIRTUAL GLOBAL INVESTOR ROUNDTABLE

AIM

  • Top Pension and Sovereign Wealth Funds from across the world to participate in the Roundtable Event.

It will provide an opportunity to deliberate on further accelerating the growth of international investments in India. 

ORGANISERS

The VGIR is being organized by the Ministry of Finance, Government of India, and National Investment and Infrastructure Fund.

FOCUS

  • VGIR 2020 will focus on discussions around India’s economic and investment outlook.
  • It will also focus on structural reforms and the government’s vision for the path to a USD 5 trillion economy.

SIGNIFICANCE

  • The Roundtable will witness participation from twenty of the world’s largest pension and sovereign wealth funds with a total Assets Under Management of about US$6 trillion.

VGIR 2020 : Virtual Global Investor Roundtable | UPSC

  • These global institutional investors represent key regions including the US, Europe, Canada, Korea, Japan, Middle East, Australia, and Singapore.

The event will provide an opportunity to leading global investors and Indian business leaders to engage and deliberate with senior policymakers.

  • VGIR 2020 will also provide an occasion for all stakeholders to further cement the strong partnerships that have been built.
  • Some of these investors would also be engaging for the first time with the Government of India.
  • Apart from global investors, the Roundtable will also see participation of several top Indian Business Leaders.

PARTICIPANTS

It is an exclusive dialogue between :
  • Leading global institutional investors
  • Indian business leaders
  • The highest decision makers from the Government of India
  • Financial Market Regulators.

Event will witness participation of key decision makers of various funds, i.e.,the CEOs and CIOs.

      IASbhai WINDUP: 

  • This will be focused on how to further accelerate the growth of international investments in India.
  • Also , to foster engagement with international institutional investors who are looking to increase their Indian investments

Foreign investments in India this fiscal is the highest ever for the first five months of a financial year. 

     SOURCES:  PIB | VGIR 2020 : Virtual Global Investor Roundtable | UPSC

 

DISCOVER MORE : GENERAL SCIENCE-III

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