Global equations have a symbiotic role in building a developed India by 2047
Partnering with the International Development Research Centre (IDRC) and the Global Development Network (GDN), and with the active involvement of India’s G20 Sherpa, in July this year, Niti Aayog hosted an international conference on ‘A Green and Sustainable Growth Agenda for the Global Economy.’ The conference was an official side-event of India’s G20 presidency, timed such that the discussion could inform the forthcoming summit communique, which subsequently emerged as the landmark New Delhi Leaders’ Declaration. Leadership of the G20 passed from India to Brazil on 1 December, just as the two-week long 28th Conference of the Parties of the United Nations Framework Convention of Climate Change (UNFCCC) got going in the UAE.
As both gatherings indicate, global negotiations represent the art of the possible; progress is measured in inches rather than yards. Yet, they took place within the context of profound changes in the location of global economic activity, environmental challenges and technological change, not to mention an intensification of proxy wars between major combatants.
With the long shadow forward cast by covid, both for India and much of the emerging as well as developing world (the Global South), the G20’s core commitment to ‘Strong, Sustainable, Balanced and Inclusive Growth’ (SSBIG) in both its global and domestic dimensions requires fresh thinking on paths to inclusive growth. At the conference, about 40 policy academics and practitioners from a wide spectrum of G20 and African countries debated six themes likely to determine inclusive growth over the medium term: energy, climate and growth; technology, policy and jobs; growth implications of a fractured trading system; reshaping global finance for
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