IRSED

AcronymDefinition
IRSEDIndex of Relative Socio-Economic Disadvantage
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The IRSED was established following a bilateral Memorandum of Understanding (MoU) signed between NITI Aayog and the Ministry of Economic Development of the Russian Federation during the 19th edition of the Annual India-Russia Bilateral Summit, which was held on October 5, 2018, in New Delhi.
The second meeting of the IRSED was held under the chairmanship of Vice-Chairman of the National Institution for Transforming India (NITI) Aayog, Rajiv Kumar, and Russia's Deputy Minister of Economic Development, Timur Maksimov.
The Second meeting of the IRSED shall be focussing on six core areas of cooperation, namely, Development of Transport Infrastructure and Technologies; Development of Agriculture and Agro-Processing sector; Small and Medium Business support; Digital Transformation and Frontier Technologies; Cooperation in Trade, Banking, Finance, and Industry; and Tourism & Connectivity.
According to an official statement issued on Tuesday, the IRSED shall be held under the chairmanship of Dr Rajiv Kumar, Vice Chairman, National Institution for Transforming India (NITI) Aayog and Timur Maksimov, Deputy Minister of the Economic Development of the Russian Federation.