Indian Presidency for G20 under PM Narendra Modi would strengthen the grouping at the global level as PM’s views are highly valued by the global leaders, said Mr Harsh Vardhan Shringla, Chief Coordinator, G20 and Former Foreign Secretary, at AIMA’s 8th National Leadership Conclave 2023.
I am a strong votary of the human-centric approach to globalization, formulated by Prime Minister Narendra Modi. This commendable approach is gradually being accepted and widely appreciated across the globe. The question that arises is how do we take this approach forward? In my opinion, it is an ongoing effort that requires continuous work and collaboration. One notable platform, where we are witnessing the implementation of this human-centric approach, is the Quad, an alliance that focuses on key areas of mutual interests. With India assuming the presidency of the G20, I anticipate further advancements in this direction. The G20, with its global influence, can pave the way for a human-centric globalization.
In order to achieve this objective, we must emphasize the importance of global cooperation. Once the world comes together, I am sure we will witness a human-centric approach in all areas – whether it is a global partnership on financial inclusion, or on reforming the multilateral financial institutions to strengthen their mandates and enhancing their effectiveness in the 21st century.
I think it is worth acknowledging, that the G7 has been well-established for a long period, boasting strong secretariat backing from the OECD. Their meetings have demonstrated a high level of organization and cohesion compared to the G20. Nevertheless, the beauty of the G20 lies in the diverse range of opinions, that come together to form a collective G20 opinion. This consensus-based approach is what makes the G20 a truly global and representative grouping.
There is no doubt that, in many senses, the G7 has its own priorities, and so does G20 as a block with developing nations. The emerging economies have their own priorities, Russia and China too have their own priorities. I think that the G20 is the synthesis of these priorities which makes it consensual, and one of the most representative groupings of the world. I would say that the unity in diversity of G20 is what sets it apart, and enables it to make a critical difference to the world.
In my view, the invitations to PM Modi for practically every G7 Summit are extremely significant as they highlight India’s active engagement with this influential group. India actively participates in the G7 deliberations, and contribute valuable insights. The views and opinions of PM Modi are highly valued and sought after, showcasing India’s involvement in shaping the global discussions. Thus, with Indian Presidency, I think, India and G20 both can make that critical difference that the world expects from both.
I think India is effectively straddling the global space by engaging with the G7 and keeping close contact with other groupings such as the BRICS and SCO. As the President of the SCO, India already represents the interests of this important regional grouping. Additionally, India also ensures close consultations with all G20 members to work towards the larger objective – progress of India and progress of rest of the world as well.
In conclusion, I would say that India’s commitment to a human-centric approach to globalization is unwavering. India is making a significant impact at the global level by active participation and engagement with various influential groups. I am confident that the presidency of the G20, India is determined to drive meaningful change, and contribute to a more inclusive and equitable world. The idea is to join hands with all countries to build a future that prioritizes the well-being and aspirations of all humanity.
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