The Prime Minister of India delivered a speech at the 47th
G7 Summit in 2021 through a video conference.
The G7 is an informal
intergovernmental organisation comprised of seven countries: the United States,
Canada, France, Germany, Italy, Japan, and the United Kingdom.
It accounts for
40 % of global GDP.
India, South Africa, Australia, and South Korea have
been invited as guest countries to the 2021 Summit.
The G7 will secure more than 1 billion covid-19 vaccine
doses, either by donating surplus supplies funds or by providing additional
funding to Covax, a UN-backed scheme to distribute vaccines to low and
The G7 will increase climate finance contributions and meet
an overdue spending pledge of $100 billion per year to assist poor countries in
reducing carbon emissions.
An infrastructure plan was announced to compete with China's
Belt and Road Initiative by supporting projects such as African railways and
Asian wind farms.
It supports a minimum tax of at least 15% on large multinational
companies to prevent them from using tax havens to avoid taxes
India has sought G7 support for India and South Africa's WTO
proposal for a TRIPS waiver on covid related Technologies.