Global South reduced to consumers: Jaishankar at B20 Summit

The external minister of India Dr. S. Jaishankar addressed the issue of Global South at the B20 Summit in India 2023 on Sunday. He said that the core mandate of the G20 is to promote economic growth and development and crucial concerns of the global south should be addressed if we want to move forward. […]

Follow us:

The external minister of India Dr. S. Jaishankar addressed the issue of Global South at the B20 Summit in India 2023 on Sunday. He said that the core mandate of the G20 is to promote economic growth and development and crucial concerns of the global south should be addressed if we want to move forward.

While addressing the B20 Summit in Delhi he said “ The core mandate of the G20 is to promote economic growth and development and that cannot be advanced unless the crucial concerns of the Global South are addressed”

The external minister further highlighted the issues that the Global South is facing right now. He mentioned that the Global South has become the source of to provide resources for manufacturing happening elsewhere.

Global South needs to be producers: Jaishankar at B20

Jaishankar said that the Global South now needs to become producers rather than being reduced to consumers at large due to which we could not reap the full benefits of economic change.

They (Global South) not only did not reap the full benefits of economic change but often ended up saddled with unviable debts emanating from opaque initiatives. This was a gradually unfolding crisis in the making, but one that was accelerated rapidly by the multiple shocks of debt, Covid and conflict,” Jaishankar said.

The external minister also spoke about India’s development and its contribution to solving major issues of the world and said that India could “solve 1/6th of the world’s problems” and “provide replicable models for the rest of the global south”

“Today’s India is the one where the world simultaneously witnesses experimentation, scaling up, deployment, innovation, & breakthroughs. I stress these developments not only because they solve 1/6th of the world’s problems, but because they provide replicable models for the rest of the global south,” Jaishankar said.

India’s stand on Global South

Jaishankar also stressed that when India first received the Presidency over G20 in December 2022, New Delhi was acutely conscious that the majority of Global South would not attend.

While addressing the Summit, Jaishankar mentioned Prime Minister Narendra Modi’s decision to convene the Voice of the Global South Summit in January this year and said that since India is also a part of the Global South it could not just stand to let it be.

PM Modi is also set to address the Summit in the national capital later on Sunday.

Business 20 (B20) is the official G20 dialogue forum for the global business community. The theme for this year’s is selected as ‘R.A.I.S.E: Responsible, Accelerated, Innovative, Sustainable, Equitable, Business.

The Prime Minister’s Office (PMO) said the Summit has brought policymakers, business leaders, and experts from across the world to deliberate and discuss the B20 India Communique, which includes 54 recommendations and 172 policy actions for submission to G20.

The B20 was first established in 2010 and is among the most prominent engagement groups in G20 with companies and business organisations as participants.