PM Modi at 52nd G7 Summit: Championing Resource Mobilization and Green Finance for the Global South

At the 52nd G7 Summit held in Evian, France, Prime Minister Narendra Modi reinforced India’s position as a pivotal bridge between the developed world and the Global South. Participating as an invited partner, the Prime Minister’s address centered on the critical necessity of equitable resource mobilization and the democratization of green finance. India’s intervention comes at a time when developing nations face a widening financing gap in their pursuit of the 2030 Sustainable Development Goals (SDGs) and climate commitments. PM Modi emphasized that the current global financial architecture, largely established in the post-World War II era, requires urgent reform to reflect contemporary economic realities. He argued that without accessible and affordable capital, the Global South’s transition to green energy would remain an aspirational goal rather than a reality.