Home FEATURED NEWS Cashless Payments US Does In 3 Years, India Does In A Month: S Jaishankar

Cashless Payments US Does In 3 Years, India Does In A Month: S Jaishankar

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Cashless Payments US Does In 3 Years, India Does In A Month: S Jaishankar

He highlighted 5 main examples that showcase India’s transformation within the final decade.

Abuja, Nigeria:

External Affairs Minister S Jaishankar drew an analogy whereas describing the nation’s development in digital public infrastructure and mentioned that the variety of cashless transactions the United States does in three years, India does in a month.

The EAM was interacting with the folks of the Indian neighborhood in Nigeria on Sunday (native time).

“The life of every Indian citizen has become easier and this is because we have embraced technology in a very deep way. You can see this in payment, very few people today pay in cash and very few people accept cash…Today, we do as many cashless payments in India in a month as much as America does in three years,” Mr Jaishankar mentioned on the occasion.

He additional highlighted the 5 main examples that showcase the transformation of India within the final decade.

“For me, how a country deals with a challenge, recovers from the challenge, and is able to pose such a strong economic performance, how the life of an average citizen becomes better, how we are capable of something that captures the imagination of the world and how do we look after our people outside the country. These are five true examples of what changed in India in the last decade,” Jaishankar mentioned.

The EAM additionally praised the way in which India handled Covid pandemic whereas pointing that many international locations have nonetheless not been ready to deal with the influence and highlighting that New Delhi introduced again 7 million of its folks from overseas.

“I take great heart, great hope and great faith from how India dealt with it. When Covid started, during a virtual meeting in 2020, it was said that the country that will be most unable to cope with Covid would be India. Two years later, I saw that we went through the Covid wave, and lockdowns…we started making medicines for the rest of the world,” he additional mentioned.

Stressing that India is the fastest-growing financial system on the earth, Mr Jaishankar mentioned that enterprise sentiment about New Delhi has improved and in consequence, the circulation of investments into the nation has reached its highest ever.

“Today, what is happening in the economy…we are the fastest-growing big economy in the world…but it is much more than that. Today, if you see the economic activity in India, wherever you go, something is being built. A metro is being built, a road is being built, new airports are coming up, new trains are coming up, railway stations are coming up. If you go to your village, piped water is coming up, there is electricity connection coming,” Mr Jaishankar mentioned.

He added, “There is a sense today that India is being built at a fantastic pace, not just being built, that growth rate actually covers many other things. You can see the flow of investment in India, the highest ever. Look at the business sentiment about India. For me, the real change is the change I see in our own people”.

Notably, Mr Jaishankar is on a go to to Nigeria from January 21-23. During this, he’ll co-chair the sixth India-Nigeria Joint Commission Meeting (JCM) together with his counterpart and meet with different leaders.

Prior to this, he additionally led the Indian delegation on the nineteenth Summit of the Non-Aligned Movement (NAM), to be held in Kampala, Uganda.

He additionally met a number of overseas leaders and UN Secretary General Antonio Guterres on the sidelines of the summit.

The EAM will even inaugurate the third version of the Nigeria-India Business Council assembly, ship a speech on the Nigerian Institute of International Affairs, work together with CII Business delegates and inaugurate the bust of Mahatma Gandhi.

He will even chair the regional convention of Indian Heads of Missions. India and Nigeria have historically loved shut and pleasant relations. This is EAM’s first go to to Nigeria, which is able to additional consolidate bilateral relations between the 2 international locations, the discharge mentioned.

(Except for the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)

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