April 18, 2023
3 mins read

Kant lauds India’s G20 presidency  

Providing a vision and way forward, Kant outlined the strategies for change as India takes over the leadership of the G20…reports Asian Lite News

G20 Presidency of India aims for inclusive, resilient and sustainable growth, Amitabh Kant, G20 Sherpa of India said at the Distinguished Public Lecture entitled: ‘India’s Presidency of G20: The Way Forward’ to mark the inauguration of the Jindal Global Centre for G20 Studies at OP Jindal Global University (JGU).

Amitabh Kant dwelt on a wide-ranging overview outlining India’s political and development narratives, key priorities, initiatives to reshape and reconfigure the world and how India is planning to execute the meetings for G20 ahead of the Leaders’ Summit in September 2023. “G20 is important because it comprises of about 85 per cent of the global GDP and about 78 per cent of the global trade, 90 per cent of the patents in the world and nearly two-thirds of the global population. The G20 Presidency moves from one country to another every year and different countries have different perspectives and priorities. It is very important to study, examine and analyse this as G20 is essentially an economic group for development and growth.” 

“This is a period of great upheaval and turbulence across the world. The post-Covid era has seen nearly 200 million people fall below the poverty line. Nearly two decades of work done to alleviate poverty has been eliminated while a third of the world is facing recession. There’s a challenge with almost 75 countries in the world facing a global debt crisis. And on top of all this, there’s a huge challenge of climate action and climate finance. There is a geopolitical crisis in Europe right now with a war going on for over a year and in addition to all this, you’ve seen the financial crisis or the Silicon Valley Bank collapses in the United States of America and the cascading impact that you can have in other parts of the world.”

Providing a vision and way forward, Kant outlined the strategies for change as India takes over the leadership of the G20. “The first and foremost is the political narrative which India puts forward, the second is the priorities to shape the world and thirdly how well do we execute this presidency on ground. It’s important to understand this because in the last few years, India has done a huge amount of digital transformation. India today does about 11 times more payments than what United States and Europe do together. During COVID, we provided 2 billion vaccinations to our citizens, which was all done digitally. A study by the Bank of International Settlements said that (the digital milestones) India has achieved in the last eight years, what would normally have taken 50 years.”

“Regarding our priorities for G20, the world is facing huge recessionary trends across the world. It’s important that we talk about inclusive, sustainable growth, because without growth we will not be able to lift people above the poverty line and growth alone will have a huge impact on the lives of citizens in the global south. India aims to work with the rest of the world to drive inclusive, resilient and sustainable growth,” Kant outlined. “Thirdly, we face the challenge of climate action and climate finance. As India becomes more industrialized, we will become the third biggest polluters in the world. And therefore India must become the first country in the world to industrialize without carbonizing the world.”  (ANI)

ALSO READ-India holds 100th G20 meeting under its presidency

Previous Story

WebEngage partners with Akasa Air

Next Story

India’s G20 Presidency will create a better planet, says Modi

Latest from -Top News

IMF Defends Pakistan Bailout

India had asked it to reconsider the bailout as Pakistan allows terrorists to use its soil for launching state-sponsored attacks against Indian citizens….reports Asian Lite News Amid India’s objections to the International

India Rejects Trump Mediation

He reaffirmed India’s openness to dialogue, but underscored that any talks must be grounded in seriousness and a clear commitment to ending cross-border terrorism In a firm rebuttal to former U.S. President

India Reaffirms Anti-Terror Stand

The delegation later called on former Japanese Prime Minister Yoshihide Suga, now Vice President of the ruling Liberal Democratic Party and Chairman of the Japan-India Association. Suga reiterated Japan’s firm backing for

UAE welcomes India’s all-party delegation

The United Arab Emirates is the first stop on this strategic tour, with the delegation engaging UAE leadership, parliamentarians, and media in a series of high-level meetings. In a significant diplomatic outreach,

Operation Sindoor: Indian MPs in Tokyo

Their visit marks the beginning of India’s unprecedented diplomatic campaign to expose Pakistan’s sustained role in cross-border terrorism…reports Asian Lite News An all-party parliamentary team led by JD(U) MP Sanjay Jha met
Go toTop

Don't Miss

Modi Seeks Transition From A Unipolar To A United World

In what came as a surprise to international observers, and

‘Govt very cautious on FTAs’ 

Jaishankar said that the government tries to keep farmers’ and