The G7 summit is a combination of 7 nations in the world. The US, Canada, Japan, Germany, UK, France, and Italy are members of it. Initially, it had only 6 countries but later Canada joined it and then G6 became G7. The United States will organize the G7 meeting in 2020 in Doral, Florida. Donald Trump, the President of America invited PM Narendra Modi to the 2020 G7 summit which is a great honor for India.
What is the G7 Summit?
World leaders of the 7 different countries meet at a place and discuss on the Economics issues and bilateral understandings between those countries. Initially, when it was started, only the Finance Ministers of the respective countries were invited but later, it gained its importance and leaders of those countries involved in it.
Actually, the G7 countries are major economic leaders in the world. They are good nuclear producers, good trade partners with the world, and major contributors to the UN budget.
This, it is a privilege for India to be called in meeting with the major economic contributors in the world.
HOW IT IS GOING TO HELP INDIA?
The world is now looking for an alternative to avoid China in their business relations. So, it is a great opportunity for India to speak and drive the world leaders’ attention towards us to make them invest in India. Already, the USA has declared India as a major trade partner. So, India could grab the opportunity and could bring major investments to the country.
Trump also asked PM Modi to think about staying with WHO as the USA has already withdrawn from it. But, according to the sources, PM Modi wants to work with Trump and the USA being a partner with the WHO.