PM Modi Addresses Economic Growth Session at G7 Summit
Prime Minister Narendra Modi addressed the session titled “Reviving a Balanced, Shared and Sustainable Economic Growth for All” during the G7 Summit in Évian, France. In his remarks, the Prime Minister emphasized the importance of inclusive development, resilient supply chains, and sustainable economic policies to ensure that the benefits of growth reach all sections of society.
Moreover, he highlighted that global prosperity can only be achieved through cooperation and shared responsibility among nations.
Need for Balanced and Inclusive Growth
PM Modi stressed that economic growth should not be limited to a few regions or communities but must be balanced and equitable. He underlined the need to create opportunities for developing countries and ensure that emerging economies have a greater role in shaping the global economic order.
Furthermore, he stated that sustainable growth requires investments in innovation, infrastructure, and human capital.
As a result, India called for stronger international collaboration to address economic challenges and inequalities.
India’s Economic Transformation Highlighted
The Prime Minister showcased India’s progress over the past decade, highlighting reforms, digital transformation, and initiatives aimed at empowering millions of people. He noted that India has emerged as one of the fastest-growing major economies and continues to serve as an engine of global growth.
Additionally, PM Modi emphasized the success of Digital India, financial inclusion programs, and infrastructure development in driving economic progress.
Consequently, India’s development model was presented as an example of inclusive growth.
Focus on Supply Chain Resilience
PM Modi stressed the importance of building resilient and diversified supply chains to safeguard the global economy against disruptions. He called for reducing excessive dependencies and ensuring greater cooperation among nations in trade and manufacturing.
Moreover, he emphasized that trusted and transparent supply chains are essential for long-term economic stability.
Therefore, countries must work together to strengthen global production networks and foster economic resilience.
Sustainable Development and Green Growth
The Prime Minister highlighted India’s commitment to sustainable development and clean energy. He stressed that economic growth and environmental protection must go hand in hand.
Furthermore, he pointed to initiatives such as renewable energy expansion, green hydrogen, and climate action efforts as examples of India’s commitment to a sustainable future.
As a result, PM Modi called upon developed countries to support developing nations with technology and climate finance.
Global South Must Have a Stronger Voice
During the session, PM Modi emphasized the importance of giving greater representation to the Global South in international decision-making. He said that addressing the concerns of developing countries is essential for achieving shared prosperity.
Additionally, he reiterated India’s commitment to serving as a bridge between developed and developing nations.
Consequently, he called for reforms in global institutions to make them more inclusive and representative.
Conclusion
Prime Minister Narendra Modi’s address at the G7 Summit underscored the need for balanced, shared, and sustainable economic growth. By advocating inclusive development, resilient supply chains, and greater support for the Global South, India reaffirmed its commitment to promoting global prosperity.
Moreover, the Prime Minister’s remarks highlighted India’s growing role as a key contributor to economic growth and a voice for developing nations in shaping the future global order.
