Prime Minister Narendra Modi has sought to define the G20 Summit around 'inclusion of the Global South' and AU joining the bloc signals a 'very positive step' towards the reforms sought in the UNSC and various global multilateral financial institutions, a top South African official said on Saturday.
Interacting with reporters on the sidelines of the G20 Summit in New Delhi, Vincent Magwenya, also said that there has been a lot of 'positive development' with respect to the Russia-Ukraine conflict this year than it was last year.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
"We have formalised peace process which has the support of all G20 members... The peace process going to take time. (This is) the first real commitment to resolve this conflict peacefully. That development cannot be ignored," a spokesperson of South African President Cyril Ramaphosa said.
"We still seek to find a text or a declaration that will reflect the positive sentiments of the Summit," he said. Modi has sought to "define this Summit around inclusion of the Global South, smaller developing countries," Magwenya said.
The inclusion also signals a "very positive step towards kind of reforms we always advocated with respect to the form UNSC, form of various global multilateral financial institutions," he said.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
