New Delhi, November 16, 2022: Prime Minister Nadrendra Modi attended the G20 summit held at Bali, Indonesia which concluded on November 16. The primary focus of this year's G20 summit was on the war in Ukraine and its impact on the global economy, which is seeing a spike in inflation. During the summit, PM Modi offered solutions and recommendations to the current challenges in his address.
PM Modi in his speech insisted upon a diplomatic solution between Ukraine and Russia. He pointed out the global financial reverberations and food crisis as a result of the war and stated that the Global supply chains are dilapidated and a shortage of essential goods runs rampant all over the world. There is a huge challenge for the poverty-stricken citizens of every country, as they do not possess the financial capability to deal with it. He also asserted that today’s fertiliser shortage is tomorrow’s food crisis, for which the world will not have a solution. Thus, the countries of the world will have to collectively build mutual agreement to “maintain a stable and assured supply chain for both manure and food grains”.
The Indian PM also offered solutions to the approaching energy and food crisis which is an imminent threat to the current and future generations on the planet. According to the Global Hunger Index (GHI) report which was released on the 15th of October, India ranked 107 out of 121 countries, faring below almost all South Asian countries; therefore these solutions are most relevant to India and all the other countries which fared poorly on the GHI. He offered that Millets can also solve global malnutrition and hunger. He also stressed that upon such impending shortages countries (specifically referring to the war between Ukraine and Russia), must not aggrandise any restrictions on the supply of energy and resources to stabilise the global energy market. “Time-bound and affordable finance and sustainable supply of technology to developing countries is essential for inclusive energy transition.”
He remarked that when India presides over the next G20 summit, starting from December 1 this year, its focus will be on pursuing other member countries to reach at a consensus on the above stated suggestions. The theme of India's G20 Presidency is Vasudhaiva Kutumbakam” or “One Earth One Family One Future, which stems from the ancient text of Maha Upanishad.
G20 is comprises heads of government from the world’s Group of 20 (G20), and the other attendees include leaders from Argentina, Australia, Brazil, Canada, China, France, Germany, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, The United States and the European Union (EU).
