The stage is set in Apulia, Southern Italy, for a major gathering of some of the world’s richest countries, including Canada, Japan, the UK, the US, Italy, and France. The 50th G7 Summit, held in Italy, has garnered extensive global media coverage due to several significant developments and controversies. Russian President Vladimir Putin has strongly condemned the summit’s decisions, accusing the G7 countries of theft and expressing his anger.
This year’s backdrop for the G7 meeting is particularly intriguing: Europe is experiencing political upheaval, the United States is approaching elections, and conflicts around the world show no signs of abating. Notably, this marks India’s 11th participation in the G7 and Prime Minister Modi’s fifth consecutive attendance, following his recent assumption of office for a third term. India’s continuous involvement underscores its growing significance in global affairs. As the world’s fifth-largest economy, India will have the opportunity to build on the outcomes of the G20 Summit, addressing issues concerning the global South, the Russia-Ukraine war, and the ongoing conflict in the Middle East.
Pope Francis and Artificial Intelligence
Pope Francis made a historic appearance at the summit on Friday, addressing the pros and cons of artificial intelligence (AI). Additionally, G7 leaders pledged to address what they described as harmful business practices by China.
Modi’s Emphasis on Technology
During an outreach session focused on AI and energy, Indian Prime Minister Narendra Modi emphasized the creative potential of technology. He highlighted its role in ensuring a free and fair election process in India and underlined India’s commitment to addressing issues of the Global South. Modi described the 21st century as an era of technology, emphasizing the need to ensure its benefits reach all societal sections, eliminate social inequalities, and expand human potential.
India’s Role in the G7 Summit
Although not a G7 member, India was invited as a special guest. Prime Minister Modi received a warm welcome, greeted with a Namaste. This gesture has gained international recognition, symbolizing a respectful and inclusive approach.
Joe Biden’s Unusual Moment
At the summit’s commencement, Italian paratroopers showcased their skills. During the display, U.S. President Joe Biden appeared distracted, drawing attention from other leaders who subtly adjusted their positions to maintain normalcy. This incident sparked concerns among Americans regarding Biden’s leadership and attentiveness.
Saudi Arabia’s Absence
A notable controversy involved Saudi Arabia’s Crown Prince Mohammed bin Salman, who initially accepted the summit invitation but later declined, likely influenced by Russia’s displeasure with the G7.
Seized Russian Assets and Ukraine Aid
In response to the Ukraine-Russia conflict, Western countries seized over $500 billion of Russia’s foreign assets. During the summit, G7 countries offered Ukraine a $50 billion low-interest loan using these seized assets, a move that infuriated Russia. President Putin likened this to theft, prompting other nations to reconsider storing assets in G7 countries.
Illegal Migration
British Prime Minister Rishi Sunak highlighted illegal migration as a global emergency, emphasizing the need for sovereign nations to control their borders rather than criminal gangs. This marked the first time a G7 summit addressed migration, which Sunak hailed as a sign of progress.
Internal Conflicts Among G7 Members
The summit saw internal conflicts, notably between Italian Prime Minister Georgia Meloni and French President Emmanuel Macron over abortion laws. Macron, a centrist, criticized Italy’s stringent abortion regulations, angering Meloni, a right-wing leader. This clash underscored the political differences within the G7.
India’s Economic Growth
Amid these controversies, India’s participation stood out due to its impressive economic growth, with a GDP increase of 7.8% in the last financial year compared to the G7’s average growth rate of 1.7%. This growth presents an investment opportunity for G7 countries.
The 50th G7 Summit in Italy was marked by notable developments and controversies. Russia and Saudi Arabia’s reactions dominated headlines, while internal G7 conflicts and India’s economic growth also drew attention. India’s participation highlighted its robust economic performance and potential for future investments.