PM Modi’s remarks at concluding session of G20 Summit in Hangzhou, China

Your Highness,

Excellencies,

Namaskar!

I express my heartfelt gratitude to President Lula for the excellent organisation of the 17th BRICS Summit. Under Brazil’s dynamic chairmanship, our BRICS cooperation has gained fresh momentum and vitality. And let me say—the energy we’ve received isn’t just an espresso; it’s a double espresso shot! For this, I applaud President Lula's vision and his unwavering commitment. On behalf of India, I extend my heartfelt congratulations and best wishes to my friend, President Prabowo, on Indonesia’s inclusion in the BRICS family.

Friends,

The Global South has often faced double standards. Whether it's about development, distribution of resources, or security related matters, the interests of the Global South have not been given due importance. The Global South often received nothing more than token gestures on topics like climate finance, sustainable development, and technology access.

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Friends,

Two-thirds of humanity still lack proper representation in global institutions built in the 20th century. Many countries that play a key role in today’s global economy are yet to be given a seat at the decision-making table. This is not just about representation, it’s also about credibility and effectiveness. Without the Global South, these institutions are like a mobile phone with a SIM card but no network. They’re unable to function properly or meet the challenges of the 21st century. Whether it's ongoing conflicts across the world, the pandemic, economic crises, or emerging challenges in cyber or space, these institutions have failed to offer solutions.

Friends,

Today the world needs a new multipolar and inclusive world order. This will have to start with comprehensive reforms in global institutions. These reforms should not be merely symbolic, but their real impact should also be visible. There must be changes in governance structures, voting rights, and leadership positions. The challenges faced by countries in the Global South must be given priority in policymaking.

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Friends,

The expansion of BRICS and the inclusion of new partners reflect its ability to evolve with the times. Now, we must demonstrate the same determination to reform institutions like the UN Security Council, the WTO, and Multilateral Development Banks. In the age of AI, where technology evolves every week, it's unacceptable for global institutions to go eighty years without reform. You can’t run 21st-century software on 20th-century typewriters!

Friends,

India has always considered it a duty to rise above self interest and work towards the interest of humanity. We’re fully committed to work along with the BRICS countries on all matters, and provide our constructive contributions. Thank you very much.