Prime Minister Narendra Modi on Saturday expressed concerns over the impact of global uncertainties on developing countries, particularly in food and energy security. Speaking at the third Voice of Global South Summit, held virtually, Modi emphasised India's commitment to supporting these nations across various sectors, including digital public infrastructure. Hosted virtually by India, the summit highlighted challenges stemming from ongoing conflicts and the COVID-19 pandemic.
Challenges beyond COVID-19
PM Modi noted that while the world is still recovering from the effects of COVID-19, the ongoing geopolitical tensions have further complicated the development trajectory of many nations. "We are facing not just the challenges of climate change, but also concerns over health, food, and energy security," he said.
Addressing terrorism and technological divide
The Prime Minister also warned of the persistent threats of terrorism, extremism, and separatism. He highlighted the growing technology divide and the emergence of new economic and social challenges related to technological advancements.
Call for reform in global governance
PM criticised existing global governance and financial institutions, stating they have failed to address the challenges of the 21st century. He underscored the importance of the Voice of Global South Summit as a platform for discussing development-related issues and noted that during India's G20 presidency, the country's agenda was aligned with the expectations and priorities of the Global South.
India’s contribution to digital public infrastructure
PM Modi announced India’s initial contribution of USD 25 million to the 'Social Impact Fund', aimed at advancing Digital Public Infrastructure (DPI) in developing countries. He emphasised the significance of DPI for inclusive development, noting that India will share its 'India Stack' with 12 Global South partners.
Focus on sustainable development and cooperation
The Prime Minister reaffirmed India’s commitment to mutual trade and sustainable development, stressing the need for Global South nations to collaborate on overcoming climate change, health security, and technological challenges. Modi also highlighted India’s role in the G20, including the historic addition of the African Union as a permanent member.
Strengthening ties and promoting innovation
PM Modi outlined India’s initiatives, including Mission LiFE for environmental sustainability, and efforts to connect Global South countries with the Unified Payments Interface (UPI). He emphasised the importance of shared experiences and cooperation in infrastructure, digital, and energy sectors.
Concluding his remarks, Modi stressed the importance of unity among Global South nations, asserting that this collective strength would guide them in a new direction. "Voice of Global South Summit is a platform where we give voice to the needs and aspirations of those who have been unheard until now," he said.
