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19th June 2024 (10 Topics)

New dynamics (On the G7)

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Context

The G-7 Outreach Summit hosted by Italy’s Prime Minister Giorgia Meloni invited leaders from the Global South, including Prime Minister Narendra Modi, emphasizing the need to move beyond the “West vs the Rest” mentality and addressing global issues in a broader, more inclusive manner.

G-7's Diminished Impact

  • Pandemic and Conflict: The COVID-19 pandemic and Russia-Ukraine conflict have highlighted the G-7's diminished efficacy.
  • Electoral Instability: Shaky electoral fortunes of G-7 leaders have weakened the group's impact.
  • Unresolved Issues: The summit's communiqué failed to present strong action plans, particularly on the Ukraine war and Gaza ceasefire.

Focus on China and Infrastructure

  • China's Influence: The G-7's focus on China's practices was prominent but lacked actionable plans.
  • Trade Ties: It remains uncertain if member countries will reduce their trade with China.
  • Infrastructure Projects: The communiqué reiterated commitment to infrastructure corridors, including the India-Middle East-Europe Corridor, but execution remains doubtful.

India’s Participation

  • Engagement Utility: India, attending for the eleventh time, may reassess the utility of G-7 engagement.
  • Focus Areas: Prime Minister Modi emphasized elections as democratic victories, technology, AI, and the Global South.
  • Preferred Platforms: Many of these issues might be better addressed within the larger, more representative G-20 format.
UPSC Mains Question

Q. Discuss the relevance of the G-7 in the current global power dynamics and the potential for India to leverage its participation in the G-20 for addressing global inequalities and development issues.

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