Israel-Hamas conflict shouldn't be allowed to become regional dispute: PM Modi
Narendra Modi said on Wednesday. Speaking to the world leaders at the opening of the Virtual G20 Leaders Summit, Modi said the leaders have come together at the summit to find a solution to major global issues. "Disturbances and security-related issues in West Asia are a matter of concern for all of us," Modi said.
"We recognise that terrorism is not acceptable. Death of civilians anywhere is unfortunate," he added. The Israel-Hamas conflict, which began in early October, has led to loss of lives and homes, apart from price volatility, especially of oil and commodity shortage, and instability in the region.
While the conflict is confined to Israel and the Gaza Strip currently, it could soon ripple across the entire Middle East, according to a recent report by the Global Trade Research Initiative (GTRI). The conflict could also derail the prospect of a historic peace deal between Israel and Saudi Arabia, a lynchpin of the India-Middle-East-Europe Connectivity Corridor (IMEEC) framework, which plans to link Europe, Middle-East and India through rail links and shipping lanes. Meanwhile, during his opening speech at the summit, Modi said the concerns of the global south will need all the priorities, as developing economies are facing several challenges for which they are not responsible.
The Global South refers to developing, less developed, or underdeveloped countries which experience higher levels of poverty, income inequality, climate issues and challenging living conditions compared to the advanced economies. "It is important that the global economy and governance structure sees reforms to make them bigger, better, (more) effective, representative and future-ready," Modi said. Addressing issues on development and global
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