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In his address at the B20 Summit, Modi has redefined the concept of a Connected World. Beyond the realms of mere technological links and social media platforms, his insights offer a broader perspective. Read on to know the essence of his address.

Shreshtha Verma
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In the global business landscape, the term "Connected World" often takes on multifaceted interpretations. Different business leaders and thinkers define it with their own definitions, reflecting the diverse perspectives that drive the modern economic paradigm. However, in a thought-provoking twist, Prime Minister Narendra Modi has unveiled a new dimension to this concept.

A Connected World of Shared Purpose and Prosperity

PM Modi believes, "A connected world is not just about connection through technology, it is not only about shared social platforms but also about our shared purpose, shared planning, shared prosperity, and shared future."

In his statement, Prime Minister Modi underscores that a connected world entails more than just technological links and social media platforms. It encompasses a shared sense of purpose, collaborative planning, equitable prosperity distribution, and a collective approach to shaping our future. The message emphasizes the need to go beyond superficial connections and work together on common goals for a truly interconnected and prosperous global community.

G20 Business Summit

In a compelling address that resonated with the global business community, Prime Minister Narendra Modi spoke at the B20 Summit, a leading engagement group under the G20. With a strong emphasis on connectivity beyond technology and a vision of shared prosperity, PM Modi shared his insights on various issues ranging from the nation's achievements in space exploration to the importance of consumer care and global supply chains.

Chandrayaan-3: Beginning of India's Festive Season

"Festive season in India started on August 23 when Chandrayaan-3 reached Moon," Prime Minister Modi announced proudly, highlighting India's monumental achievement of landing Chandrayaan-3 on the moon's south pole. With this achievement, India has carved its name as the first country to accomplish this feat. The Prime Minister noted that the celebratory spirit was not limited to India but extended to the global community.

Cryptocurrencies and the Call for an Integrated Approach

Prime Minister Modi emphasized the need for an integrated approach to address the challenges posed by cryptocurrencies. In the ever-evolving digital landscape, he stressed the importance of striking a balance between innovation and regulation to harness the potential of digital currencies while safeguarding the interests of all stakeholders.

A Global Focus on Consumer Care

PM Modi also suggested dedicating a day each year to observe 'International consumer care day,' urging businesses to shift their focus towards ensuring consumer care, beyond just celebrating consumer rights. He emphasized that consumer-centric practices could be instrumental in building trust and sustainability in the business ecosystem.

Economic Progress and Poverty Alleviation

"India implemented such policies due to which over 13.5 crore people were uplifted out of poverty in the last 5 years," Prime Minister Modi highlighted. He underscored India's commitment to inclusive growth, showcasing the nation's efforts to uplift millions from poverty through targeted policies and initiatives.

India's Role in the Global Supply Chain

"The world can never look at the global supply chain in the same way," PM Modi observed, shedding light on the disruptions faced by supply chains during times of crisis. He positioned India as a solution to this challenge, asserting that the country has a pivotal role to play in building an efficient and trusted global supply chain.

Green Energy and the Industry 4.0 Revolution

PM Modi reiterated India's focus on green energy and the replication of the success of solar energy in the realm of green hydrogen. He also emphasized India's role as the face of the Industry 4.0 revolution, highlighting the nation's contributions to technological advancements and global growth.

Global Outreach and Inclusiveness

"We have a vision of inclusiveness," PM Narendra Modi declared, announcing India's invitation to African countries for a permanent membership in the G20. This gesture showcases India's commitment to global collaboration and amplifying the voices of emerging economies on the international stage.

B20 Summit: A Nexus of Ideas and Action

The Prime Minister highlighted the significance of the B20 Summit as a platform that brings together policy makers, business leaders, and experts to deliberate and shape the B20 India Communique. This comprehensive document comprises 54 recommendations and 172 policy actions that will be submitted to the G20, underscoring the forum's commitment to driving economic growth and development.

What is B20 India Summit 2023?

The three-day summit, themed "R.A.I.S.E - Responsible, Accelerated, Innovative, Sustainable, and Equitable businesses," culminated today, with over 1,500 delegates from approximately 55 countries in attendance. The B20 Summit, established in 2010, remains one of the most prominent engagement groups within the G20, with its focus on delivering actionable policy recommendations to foster economic growth and development.

Prime Minister Modi's address at the B20 Summit not only underscored India's achievements and ambitions but also reinforced the nation's commitment to collaboration, sustainability, and shared prosperity on the global stage. The summit served as a testament to the power of dialogue and cooperation in shaping the future of business and economic progress.