The growing international stature of India under PM Narendra Modi - G7 Summit incomplete without Modi?
Trump talking about inviting India to the next G7 Summit is reflective of the growing international stature of the country.
In a major development, US President Donald Trump on Saturday postponed the "outdated" Group of Seven summit that he planned to hold in June at the White House, seeking inclusion of India and some other countries to the grouping of world's top economies. Trump told reporters, travelling with him on board the Air Force One from Florida to Washington DC, that he is "postponing it until September" and plans to invite Russia, South Korea, Australia and India. "I don't feel that as a G7 it properly represents what's going on in the world. It's a very outdated group of countries," he said.
Trump talking about inviting India to the next G7 Summit is reflective of the growing international stature of the country.
The US holds the presidency of the G7 this year. During the summit, G7 president normally invites heads of States of one or two countries to attend the meeting as a special invitee. Last year French President Emanuel Macron had invited Prime Minister Narendra Modi to the G7 Summit.
Alyssa Alexandra Farah, White House Director of Strategic Communications, said that this is bringing together "our traditional allies" to talk about how to deal with the future of China.
German Chancellor Angela Merkel's office had said on Saturday that she would not attend the summit unless the course of the coronavirus spread had changed by then.
G7
G7 is a forum of the seven countries with the world's largest and most advanced economies - France, Germany, Italy, Japan, the United States, the United Kingdom, and Canada. Heads of States of these countries meet annually on international economic and monetary issues.
Trump talking about inviting India to the next G7 Summit is reflective of the growing international stature of the country.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
01:32 PM IST