Prime Minister Narendra Modi said for the first time that the troika of the G20 is with three members of the Global South that is India, Indonesia and Brazil, and this can significantly advance the interests of the developing world. The G20 Troika refers to the grouping of the three countries on the basis of the previous, current and incoming G20 Presidencies.
While India is the current chair of the Group of 20 leading economies, the country’s predecessors were Indonesia, and the next member host will be the Latin American nation of Brazil. “For the first time in the history of the G20, the troika can amplify the voice of the developing world at a crucial time when there is an increase in tensions due to the global geopolitics, PM Narendra Modi said in an exclusive interview with media.
PM Modi’s Address
The Prime Minister stressed that India has been advocating for the Global South and raising their concerns at all the multilateral forums as the G20. These are the countries with which we emphasise. Since we are a part of the developing world, we understand their aspirations,” he said.
“As soon as we became the president of the G20, we held the Voice of the Global South Summit, which made it clear that we were a voice for the inclusion of those who felt excluded from the global discourse and institutional priorities,” PM Modi said.
As part of the presidency, PM Modi has said that India has been supporting agendas that promote a stable, transparent and fair-trade regime that benefits everyone. The essential role of the multilateral trading system with the WTO rules is restoring the dispute-settling mechanism and concluding new beneficial agreements, the Prime Minister said. ‘
He said that India has also been advancing the interests of the developing world, including the interests of the nations not represented in the G20, such as countries of the African Union. Equitable trading policies are certainly a key area of thrust at the G20 right now to do an evaluation of the G20’s journeys over the years.
Suggestions given by PM Modi
“I think that it is a good question which needs a larger exercise to arrive at the answer. Soon, the G20 will be achieving and completing 25 years of establishment. Such a milestone is a good opportunity to evaluate what objectives the G20 has set out and how far it has been achieving them. Such introspection is a necessity for every institution. It would have been wonderful if the UN had taken up this exercise when it turned 75 years old,” said the Prime Minister.
“Coming back to the G20, it would also be a good idea to seek the review of nations outside the G20, especially from the Global South, when it reaches the milestone of 25 years. Such inputs would be very valuable to chart the future course for the next twenty-five years.
The PM said that there are many countries, academic institutions, financial institutions and civil society organisations that continuously interact with the G20 and provide ideas and inputs along with conveying expectations.
“Expectations are built only where there is the track record of delivery, and there is trust that something will be accomplished said, PM Modi.
India’s role and participation in Global Fora
“India, too, has been active in this forum even before the becoming of the new president of the G20. From terrorism to black money, from supply chain resilience to climate-conscious growth, we have made important contributions to the evolving discussions and actions over the years
There have also been appreciable developments in global cooperation on these issues after they were raised in the G20. Of course, there is always scope for improvement, such as the greater involvement of the Global South and a bigger role for Africa, amongst others. These are the areas that India is working on during its G20 Presidency, he added.
KEYWORDS: India, PM Narendra Modi, G20, Global South, WTO, MAIN, FEATURED, Africa, Indonesia, Brazil
