Key Facts
Prime Minister Narendra Modi, speaking at the G7 Summit outreach session in Evian, France, on June 17, 2026, urged global financial institutions to create support mechanisms to shield the Global South from the economic shocks of the West Asia crisis. He emphasized that the impact on fuel, fertiliser, and food supply chains will have long-lasting consequences for developing nations.
Details of PM Modi's Address
Addressing the session on 'Reviving balanced, shared and sustainable economic growth for all', Modi stated, "The reality today is when it comes to growth, the question should not be about GDP or trade numbers. The real question is – growth for whom, with whom and in what direction?" He stressed that the most vulnerable countries should not bear the burden of crises alone.
Modi called for combining the G7's capital, India's talent, and the ownership of Global South countries for connectivity projects in Africa, Latin America, and the Pacific Islands. He proposed the creation of the International Mobilisation Partnership for Accelerating Connectivity and Trade (IMPACT), focusing on trade, technology, and energy.
Proposals for Global Cooperation
The Prime Minister also proposed a Global Skills Partnership to allow developed countries with ageing societies to benefit from young talent from India and other Global South nations. "Under this, we can work together to increase skill mapping and trusted skilled mobility," he said.
Referring to the India-Middle-East-Europe Economic Corridor (IMEC), Modi emphasized the need to accelerate initiatives with local ownership, transparent financing, and long-term sustainability.
Impact and Significance
Modi's remarks underscore India's commitment to global economic resilience and shared prosperity. He stated, "This demonstrates that India believes in integration, not fragmentation; partnership, not protectionism; and shared prosperity, not uncertainty." India, along with Brazil, Egypt, Kenya, and South Korea, was invited as a partner country to the G7 outreach sessions.
What Readers Should Know
- The G7 summit outreach sessions were held in Evian, France, with partner countries including India, Brazil, Egypt, Kenya, and South Korea.
- PM Modi proposed IMPACT for connectivity projects and a Global Skills Partnership for skilled mobility.
- He called on international financial institutions like the IMF and OECD to create support mechanisms for developing countries to absorb economic shocks from the West Asia crisis.
Frequently Asked Questions
What did PM Modi propose at the G7 summit?
PM Modi proposed creating the International Mobilisation Partnership for Accelerating Connectivity and Trade (IMPACT) combining G7 capital, India's talent, and Global South ownership for connectivity projects. He also suggested a Global Skills Partnership for skilled mobility.
Why did PM Modi call for support mechanisms for the Global South?
He highlighted that the West Asia crisis has long-lasting consequences on fuel, fertiliser, and food supply chains, and the most vulnerable countries should not bear the burden alone. International financial institutions must create support mechanisms to help developing countries absorb these shocks.
Which countries were invited as partner countries to the G7 outreach sessions?
India, Brazil, Egypt, Kenya, and South Korea were invited as partner countries to the G7 summit's outreach sessions held in Evian, France.
Source: www.hindustantimes.com