The new head of the World Bank said Tuesday that growing divides between rich and poor nations risked deepening poverty in the developing world, at a meeting of G20 finance ministers in India.

Union Finance Minister Nirmala Sitharaman and United States Treasury Secretary Janet Yellen on Monday met in Gandhinagar on the sidelines of the third G20 Finance Ministers and Central Bank Governors (FMCBGs) meeting under the Indian G20 Presidency.

Prime Minister Narendra Modi is addressing the Indian community in Paris at the end of Day One of his visit to France. A "new world order is emerging," he said, pointing to India's presidentship of the G20 this year.