Need for international financial institutions to develop mechanisms -Mod in G7 Summit

Prime Minister Narendra Modi today addressed a crucial working session themed “Promoting balanced, inclusive and sustainable economic growth for the benefit of all” at the ongoing G7 Summit in Evian, France.

In his address, the Prime Minister underscored the need for international financial institutions to develop mechanisms that impart economic resilience to developing countries. He also proposed connectivity projects linking Africa, Latin America and the Pacific Island countries. He also suggested the creation of International Mobilization Partnership for Accelerating Connectivity and Trade (IMPACT), in which G7’s capital, India’s talent and Global South’s ownership could be combined.

During the session, Mr Modi also highlighted that tangible growth leads to inclusion and well-being of the people and spoke about India’s growth story underpinned by “Sabka Sath, Sabka Vikas, Sabka Vishwas, Sabka Prayas”.

The high-level session was attended by G7 member nations, partner countries, and key representatives from the International Monetary Fund and the OECD. Mr Modi also participated in a working lunch focused on “Ensuring the safe, rapid and effective deployment of artificial intelligence. The meeting brought together G7 member countries, partner nations, and the CEOs of leading AI companies to discuss the future of digital innovation.

This meeting holds immense strategic significance as India has firmly emerged as a major global power, with the international community increasingly looking towards New Delhi for actionable solutions to complex global challenges. India’s growing role in shaping discussions on global issues reflects its expanding diplomatic outreach and active engagement with world leaders across major forums.।(UPDATED ON 17TH JUNE 2026)