Yesterday, we had extensive discussions in the One Earth and One Family sessions. I am satisfied that today the G-20 has become a platform for optimistic efforts regarding the vision of One Earth, One Family, One Future.
We are currently discussing a future where we transcend the concept of Global Village and witness the Global Family becoming a reality. It's a future where not only the interests of countries are intertwined, but also where hearts are interconnected.
I have continuously drawn your attention to Human Centric Vision instead of GDP Centric Approach. Today many countries like India have so much that we are sharing with the whole world.
India has talked about sharing the data of Chandrayaan Mission with everyone in the interest of humanity. This is also a proof of our commitment towards Human Centric Growth.
India has harnessed technology to foster inclusive development and facilitate last-mile delivery. Even in our most remote villages, the small-scale traders are using digital payments.
I am happy that under India's chairmanship a strong framework for Digital Public Infrastructure has been agreed upon. Similarly, "G20 Principles on Harnessing Data for Development” have also been accepted.
It has also been decided to launch "Data for Development Capacity Building Initiative” for the development of Global South. Formation of Startup 20 engagement group during the Presidency of India is also a big step.
Today, we are witnessing an unprecedented scale and speed in new-generation technologies. Artificial Intelligence is such example in front of us. In 2019, the we adopted the "Principles on AI”. Today, we need to take one step further.
I propose that we establish a framework for Responsible Human-Centric AI governance. India will also give its suggestions in this regard. It will be our endeavor that all countries get the benefits of AI in areas like Socio-Economic Development, Global Workforce and R&D.
Today, our world is also facing some other burning problems, which are affecting both the present and future of all our countries. We are familiar with the challenges of cyber security and crypto-currency. The field of crypto-currency, has emerged as a new topic for everyone i.e social order, monetary and financial stability. Therefore, we have to develop global standards to regulate crypto-currencies. We have the Basel standards on bank regulation in front of us as a model.
It is imperative that we take concrete steps in this direction as soon as possible. Likewise, global cooperation and a framework for cybersecurity are essential. Terrorism is exploiting new channels and new funding methods from the cyber world, making it a critical issue for the security and prosperity of every nation.
Only when we take care of the security of every country and the sensitivity of every country, the feeling of One Future will be strengthened.
To take the world towards a better future, it is necessary that global systems are in accordance with the realities of the present. Today the "United Nations Security Council" is also an example of this. When the UN was established, the world at that time was completely different from today. At that time there were 51 founding members in the UN. Today the number of countries included in the UN is around 200.
Despite this, the permanent members in UNSC are still the same. From then till today the world has changed a lot in every respect. Be it transport, communication, health, education, every sector has been transformed. These new realities should be reflected in our new global structure.
It is a law of nature that individuals and organizations that fail to adapt to changing times inevitably lose their relevance. We must think with an open mind as to what is the reason that many regional forums have come into existence in the past years, and they are also proving to be effective.
Today, it is necessary for every global organization to reform to increase its relevance. With this in mind, yesterday we have taken the historic initiative of making the African Union a permanent member of the G-20. Similarly, we will also have to expand the mandate of Multilateral Development Banks. Our decisions in this direction should be immediate and also effective.
In a world marked by rapid change, we require not only transformation but also sustainability and stability. Come! Let us pledge that we will take our resolutions of Green Development Pact, Action Plan on SDGs, High level Principles on Anti-corruption, Digital Public Infrastructure, and MDB Reforms to fruition.
Now I would like to hear your thoughts.
DISCLAIMER - This is the approximate translation of Prime Minister's Press Statement. Original Press Statement were delivered in Hindi.