Prime Minister addresses the session on Reviving a Balanced, Shared and Sustainable Economic Growth for All at G7 Summit in Evian, France

📌 Summary:

• PM Modi addressed the G7 Outreach Session on reviving balanced, shared and sustainable economic growth at Evian, France

• 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

• 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

• 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

• 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

• Reaffirmed India's pursuit of trade agreements with G7 members and others

🎯 UPSC Relevance: GS2 IR / GS3 Economy — global economic governance, Global South solidarity, connectivity corridors (IMEC), reform of international financial institutions.

📝 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"

🔑 Key Term: IMEC — a multi-nation connectivity initiative linking India, the Gulf and Europe through rail and shipping to strengthen trade and supply chains.