Canadian Prime Minister Mark Carney, while emphasizing the Indian economic figure and strategic role in global supply chains, said the country’s presence is “necessary” at the upcoming G7 summit.
“That made sense,” Carney said, “have India, the fifth largest economy, at the G7 summit.” “There are certain countries that should be at the table for these discussions in my post as consultation with the chairman of G7,” he said. “India is the fifth largest economy in the world, efficiently the most populous in the world for a number of supplier chains, so it makes sense … In this context, I expanded the invitation to the Prime Minister Modim and accepted Carney on Friday while answering the question that extended the invitation to the top of Narendra Modi.
PM Modi also confirmed that he would participate in the G7 summit in Canada.
But why is India’s presence at the G7 summit? Mint decodes
According to Nadjibully, Vice President for Research and Strategy in the Canadian Asian Pacific Foundation, “having India at the G7 summit depends on everyone else.” In an interview with CBC NN Nadjibulla, he emphasized how strong pressure from other G7 countries had at India’s table.
Also read | “Why did you invite PM modi to the summit g7?”: Carney answers, “India should be … ‘
According to her, Canada is remote because the other six G7 members are interested in deepening its strategic partnership with India. “As far as G7 is concerned, we are remote because the other six G7 members are interested in deepening their strategic partnership with India, deepening their defense technology and economic ties. In fact, there is a new announcement of France or the US that makes more with India,” she said.
“So, having India also depends on everyone else. I think there was a strong pressure from another G6 to have India at the table. And I think Canada is also able to prove relevance on the world scene, we can’t engage in diplomacy with those we like. I think diplomacy is not a gift.
Experts say that, given the growing economic peaks of the country, India cannot be outside the main political issues facing the West, on Friday, Canadian Carney sent out his opinion.
India surpassed Japan to become the fourth largest economy in the world in May this year. Currently, the Indian economy is larger than all G7 countries except the US and Germany.
India strengthening ties with Italy
Two visits to India, Italian Prime Minister Giorgie Meloni, were “helpful in infusion of dynamics and depths in a bilateral program between India and Italy” by PM Modi’s own words.
According to India, Rome, Italy, Italy is the fourth largest business partner of India in the European Union. Bilateral trade between the two countries reached $ 14.56 billion between 2023 and 2024, with Indian exports to $ 8.76 billion.
The report on the India Brand Equity Foundation found that the Indian community in Italy (estimated at 2.5 Lakhu including Pio) is the third largest community of Indians in Europe after the UK and the Netherlands.
Also read | TSX thumb higher as Carney-Trump Communications Feed Optimism
India is placed in 15th place as a country of origin of Italian import, which represents 1.5% of Italian imports.
Last year, he took part in the seven (G7) summit in Italy in Italy, PM Modi conducted a bilateral discussion with the then British Prime Minister Rishi Sunak and French President Emmanuel Macron.
India-UK to strengthen economic, migration ties
British Foreign Minister David Lammy will be in India to further advance the ambitious relationship of the United Kingdom and India during interviews with PM Modim and the Minister of the External Affairs with Jaishankar.
The visit follows the historical free trade agreement agreed between the two countries and fulfills the commitment of this government to increase jobs and prosperity back in the UK as part of the government plan to change, said the British government press release on Saturday.
A new agreement with India is expected to increase bilateral trade by more than 25 billion GBP each year, GDP in the UK by 4.8 billion GBP and wage wages of 2.2 billion GBP each year, the report said.
(Tagstotranslate) India
