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Prime Minister Narendra Modi on Sunday said that the poor and vulnerable classes suffer the most due to the irresponsible financial policies of political parties
The PM said that the debt crisis is indeed a matter of great concern for the world, especially developing countries.
PM Modi has said the 'Sabka Saath, Sabka Vikas' model can be the guiding principle for the welfare of a world shifting from a 'GDP-centric approach' to a 'human-centric one'.
Such (biofuel) alliances are aimed at creating options for developing countries to advance their energy transitions, the PM said.
“Many positive impacts are coming out of India’s G20 Presidency... The shift to a human-centric approach has begun and we are a catalyst... India’s G20 Presidency has also sowed the seeds of confidence in the countries of the so-called ‘Third World’.