Current Affairs - International - Discussion

Italy hosted the 58th Annual Meeting of the Asian Development Bank (ADB) in Milan, where significant discussions took place between India and Italy regarding their Strategic Action Plan 2025–2029. Indian Finance Minister Nirmala Sitharaman met with her Italian counterpart Giancarlo Giorgetti to explore deeper cooperation in digital innovation, renewable energy, green hydrogen, and climate sustainability. With bilateral trade exceeding $14.5 billion in FY2023–24, both nations emphasized strengthening multilateral ties and leveraging their technological capabilities for mutual growth. This meeting marked a continued effort to implement structured economic collaboration under the Joint Strategic Action Plan and reinforce shared global commitments.