On November 15, in Bali, Indonesia: On Tuesday, Prime Minister Narendra Modi said that India has the fastest-growing economy in the world and referred to its energy security as “essential” for global growth.
“Given that India has the fastest-growing economy in the world, energy security for the entire planet is crucial. Energy supply limitations must not be encouraged, and market stability must be guaranteed. During his speech to the G20 working session on food and energy security, PM Modi stated that India was dedicated to clean energy and the environment.
Clean energy and the environment are important to India. We’ll be using renewable energy to produce 50% of our electricity by 2030.For an equitable energy transition, time-bound, inexpensive financing as well as a sustainable supply of technology to developing nations are crucial, the PM continued.
Additionally, PM Modi stated that India will endeavor to achieve a global agreement on all of these concerns while holding the G-20 presidency.
We must find a way to get back on the path of the truce,’ PM Modi said earlier in the speech, reiterating India’s long-standing support for discussion and diplomacy in Ukraine.
Additionally, he added, “I have emphasized time and time again that we need to find a way to get Ukraine back on the path of diplomacy and a ceasefire.”
“Over the previous century, the Second World War created damage in the world,” Prime Minister Modi, who arrived in Bali on Monday, said. Following that, the authorities at that time made a concerted effort to follow the path of peace. It’s now our turn. It is our responsibility to establish a new global order for the post-Covid era. To ensure global peace, harmony, and security, concrete and group resolution is urgently required.
Invoking India as the “holy land of Buddha and Gandhi,” Prime Minister Modi expressed his confidence that the G20 members will all agree to send a clear message of peace to the world at their meeting the following year.
In the opening of his speech, PM Modi praised Indonesia for its G-20 leadership in the face of difficult global conditions. The Covid pandemic, the developments in Ukraine, and the attendant global issues, he said, have all wreaked devastation on the planet.
Supply chains around the world are in shambles. There is a global shortage of necessities and necessities goods. Every country’s poor residents face a greater struggle. Already, just getting by was difficult for them. They lack the financial resources to handle the double whammy.They don’t have the financial resources to deal with it because of the double whammy. We should also not be reluctant to admit that multilateral organizations like the UN have failed to address these concerns. And we have all failed to change them in a way that is appropriate. Because of this, the G-20 is held to higher standards by the globe today, increasing the group’s importance, according to PM Modi.
When discussing the difficulties encountered during the pandemic, the PM stated that India has secured the food security of its 1.3 billion residents. Food grains were also provided at the same time to numerous underdeveloped nations. In terms of food security, the current fertilizer shortage is also a major crisis.
The world will not have a solution, he continued, and the fertilizer shortage “is tomorrow’s food problem.”
According to PM Modi, all G20 nations must develop a consensus in order to keep the supply chain for both manure and food grains secure.
“In India, we are encouraging natural farming and re-popularizing wholesome and traditional food grains like millets in order to achieve sustainable food security. Additionally, millets can end world hunger and malnutrition. Next year, we must all participate in the International Year of Millets with tremendous enthusiasm.