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Recent G-7 Summit and India's Role UPSC NOTE

 

  • G-7 Summit was held at Italy’s Apulia region on  June 13-15

  • Participants: Leaders of the G-7 (U.S., Canada, Germany, France, Japan, U.K., Italy) and the European Union, with India invited as an outreach country.

Main Goals:

  • Bridge differences between the "West and the Rest"

  • Find new funding methods for the Ukraine war

  • Invest in Africa

  • Address migration, climate change, and AI challenges

Key Actions:

  • Agreed to make $50 billion available for Ukraine from Russia's frozen sovereign wealth funds

  • Held an “Energy for Growth in Africa” summit to promote clean energy investments

  • Criticized China for coercive trade practices

  • Engaged with leaders from 10 countries and multilateral organizations to discuss the concerns of the Global South.

Importance of India in the G-7 Process

  • India has been invited to the G-7 outreach 11 times, with Prime Minister Modi attending for the fifth time.

  • Significance of India:

  • Key member of the Global South

  • Hosts the “Voice of Global South” conference since 2023

  • Member of the G-20 troika along with Brazil and South Africa

  • Prime Minister Modi’s central role in such outreaches

Future of the G-7

  • Challenges:

  • Criticized for being an elitist, non-inclusive group

  • Does not include three of the world’s top 10 economies (China, India, Brazil)

  • Competed by BRICS, which has expanded its membership significantly.

  • Effectiveness:

  • Questioned for its inability to change the course of the Russia-Ukraine war, halt Israel's actions in Gaza, or counter China’s global influence.

  • Next Summit: Scheduled for 2025 in Canada’s Alberta region, with uncertainty about India's future participation.

  • The G-7 summit remains a crucial platform for addressing global issues, but it faces significant challenges in inclusivity and effectiveness amidst rising competition from other international groupings.

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Recent G-7 Summit and India's Role UPSC NOTE
Recent G-7 Summit and India's Role UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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