Washington

Union Finance Minister Nirmala Sitharaman has said that despite this year's projected growth rate of 7 per cent for the Indian economy, India remains concerned about the global economic outlook and geopolitical environment.

Attending the Development Committee Meeting of the World Bank-IMF in Washington DC on Friday, Sitharman said that reducing crop loss and food waste should also be the first intervention of choice to ensure food security.

The Union Finance Minister urged the World Bank to avoid a unidimensional view of subsidies and not to lose focus on the internationally agreed basic principle of common but differentiated responsibilities.

The finance minister mentioned that the "Food and Energy Crisis paper" rightly identifies Energy Efficiency as the 'first fuel of choice'. "Similarly, reducing crop loss and food waste should also be the 'first intervention of choice' to ensure #FoodSecurity."

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The finance minister met International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath, on the sidelines of the IMF-WB meeting and discussed current global matters, including food and energy security issues.