Prime Minister Modi also underlined the importance of small businesses in his G20 speech.
New Delhi:
Prime Minister Narendra Modi on Saturday asserted that India has been working with the spirit of ‘one family’ to make development sustainable and inclusive by making technology a bridge, while calling on G20 members to build a global support system with similar feelings to bring every country together. , class and region.
In his remarks at the ‘One Family’ session, Prime Minister Modi highlighted ways to promote youth development, with a focus on skill development, and advocated women-led development that will be an instrument for major global transformation in the 21st century. Women leadership is now visible in every sector in India, he said.
Nearly 45 percent of science, technology, mathematics and engineering graduates in India are girls, he said.
He urged measures to sensitively address the debt crisis facing developing countries, working with the mantra of ‘one family’. “We will have to create a system so that countries affected by this crisis can get out and that will rule out such a crisis in the future,” he said.
Prime Minister Modi expressed happiness over the agreement to increase financial assistance to these countries under the “Action Plan to Accelerate the Sustainable Development Goals”.
Making three suggestions, he said the world’s leading sports leagues should invest five percent of their revenues in sports infrastructure for women in countries in the Global South.
“It could be a new kind of model for public-private partnerships at the global level.” A special category of “G20 Talent Visa” could also be initiated to help science and technology talents explore global opportunities.
Setting up global biobanks under WHO supervision could also be considered, and these could focus on heart disease, sickle cell anemia and breast cancer, he said, adding that India would like to set up such a bank.
Advocating for a global supply chain that increases trust and transparency, he said the COVID-19 pandemic has exposed the existing supply chain.
“While we talk about ‘one family’, we will need to address the challenges facing our global family. We cannot view countries and humanity as markets alone. We need sensitivity and a long-term approach,” he told the meeting of G20 leaders.
He said special attention should be paid to capacity building of developing countries, asserting that the mapping framework proposed by India will help in strengthening the existing supply chain.
Underscoring the importance of small businesses, Prime Minister Modi said it is important for them to have access to markets and information to keep their trading costs low.
Highlighting India’s use of technology to make development more inclusive, he spoke about the JAM trinity of opening Jan Dhan bank accounts and using Aadhaar and mobile to develop a “new model of targeted interventions”.
The Prime Minister noted that the World Bank has said that this has resulted in financial inclusion in six years, which would otherwise have taken 47 years. India has transferred $360 billion directly to bank accounts through this approach over the past decade, he said.
It also prevented the leakage of $33 billion, which is 1.25 percent of GDP, he added.
“This model can certainly prove to be very useful for the world, especially for the South,” he said.
Prime Minister Modi also delivered a speech promoting holistic health and wellness and expressed confidence that India will soon make efforts to become a global repository of traditional medicine. The WHO Global Center for Traditional Medicine being built in India will boost efforts to promote wellness worldwide, he added.
During his speech at the summit, he also spoke about how we can think collectively about empowering fellow human beings and making the planet more inclusive and sustainable.
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“It was also highlighted how the spirit of trust and transparency can be enhanced in areas such as global supply chains. India is also committed to promoting holistic health and wellness. The G20 can also play a major role in promoting women’s empowerment,” he said.
During the One Family Session of the G20 summit, the Prime Minister elaborated on how we can collectively think about empowering fellow human beings and making our planet more inclusive and sustainable.
He set the example of how technology is being used to make a positive difference in the lives of our citizens.
(Except for the headline, this story has not been edited by NDTV staff and is published through a syndicated feed.)
