PM Narendra Modi Addresses B20 Summit India 2023, Emphasizes Inclusiveness, Sustainability, and Ethical AI
TFP Bureau, New Delhi;August 27, 2023: The Prime Minister of India, Shri Narendra Modi, delivered a significant address at the B20 Summit India 2023 held in New Delhi. This global summit brought together policymakers, business leaders, and experts from across the world to discuss and deliberate the B20 India Communique, which encompasses 54 recommendations and 172 policy actions for submission to the G20.
Prime Minister Modi commenced his speech by highlighting the recent triumph of India’s Chandrayaan Mission, which successfully landed on the lunar surface. He lauded the combined efforts of the scientific community and the private sector for making this mission a success. He emphasized that this achievement represents the synergy of science and industry.
Speaking at the B20 Summit India 2023. https://t.co/dC5P5CH0ti
— Narendra Modi (@narendramodi) August 27, 2023
Reflecting on the summit’s theme, ‘RAISE,’ which stands for Responsible, Accelerated, Innovative, Sustainable, and Equitable Businesses, Prime Minister Modi expressed that the ‘I’ in the theme signifies innovation, while he envisions another ‘I’ for inclusiveness. He underscored the importance of including Africa’s economic development as a focus area, demonstrating India’s commitment to an inclusive approach.
Turning his attention to the lessons learned from the COVID-19 pandemic, Prime Minister Modi emphasized the critical role of mutual trust. He remarked that the pandemic underscored the need for trust, and India responded by providing essential medicines and scaling up vaccine production, demonstrating its democratic values in action.
The Prime Minister highlighted India’s attractiveness as a partner for the global business community, with its vibrant young talent pool and digital revolution. He stressed that businesses have the potential to transform obstacles into opportunities and turn aspirations into achievements. The future of global growth, he asserted, hinges on the future of businesses.
Addressing disruptions in the global supply chain due to the pandemic, Prime Minister Modi positioned India as a solution to these challenges. He underscored India’s potential to establish a reliable global supply chain and emphasized that sustainable practices present both opportunities and a viable business model.
Prime Minister Modi advocated for a consumer-centric approach in business, emphasizing the importance of improving the purchasing power of individuals and nations alike. He proposed an annual campaign to pledge global businesses’ commitment to consumers’ well-being, suggesting the establishment of an ‘International Consumer Care Day’ to strengthen trust.
Touching upon technological advancements, Prime Minister Modi discussed the importance of an integrated approach toward cryptocurrencies and ethical AI. He urged global business communities and governments to collaborate in ensuring the ethical expansion of AI and navigating potential disruptions in various sectors.
In conclusion, Prime Minister Modi asserted that businesses should transcend mere financial considerations. He called for a focus on supply chain resilience and sustainability, emphasizing the shared purpose, planet, prosperity, and future that connect a truly interconnected world.
The three-day B20 Summit India 2023, held from August 25 to 27, witnessed participation from over 1,500 delegates representing approximately 55 countries. This summit aimed to provide actionable policy recommendations for economic growth and development, solidifying its position as a significant dialogue forum for the global business community.
