Prime Minister addresses the session on Reviving a Balanced, Shared and Sustainable Economic Growth for All at G7 Summit in Evian, France
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500+ questions on Polity with explanations
๐ Summary:
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PM Modi addressed the G7 Outreach Session on reviving balanced, shared and sustainable economic growth at Evian, France
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Argued growth should be measured not just by GDP or trade numbers but by real impact on inclusion and well-being; cited India's "Sabka Sath, Sabka Vikas, Sabka Vishwas, Sabka Prayas" model
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Linked inclusive growth to India's G20 presidency motto "One Earth, One Family, One Future" and to the India-Middle East-Europe Economic Corridor (IMEC) for resilient supply chains, investment and innovation
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Flagged the debilitating impact of crises and conflicts on the Global South; urged international financial institutions to build mechanisms imparting economic resilience to developing countries
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Proposed extending connectivity (IMEC-style) to Africa, Latin America and Pacific Island countries, and creating an International Mobilization Partnership for Accelerating Connectivity and Trade (IMPACT) combining G7 capital, India's talent and Global South ownership
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Reaffirmed India's pursuit of trade agreements with G7 members and others
๐ฏ UPSC Relevance: GS2 IR / GS3 Economy โ global economic governance, Global South solidarity, connectivity corridors (IMEC), reform of international financial institutions.
๐ Prelims Facts:
- IMEC = India-Middle East-Europe Economic Corridor
- IMPACT = International Mobilization Partnership for Accelerating Connectivity and Trade (proposed by India)
- India's G20 presidency motto: "One Earth, One Family, One Future"
๐ Key Term: IMEC โ a multi-nation connectivity initiative linking India, the Gulf and Europe through rail and shipping to strengthen trade and supply chains.
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