|PM Modi highlighted India’s economic development and progress at the SCO Summit 2022|
India is set to see the highest growth this year among the bigger economies in the world, Prime Minister Narendra Modi said on Friday as he addressed the expanded session of the Shanghai Cooperation Organisation Summit in Uzbekistan. Acknowledging the role of the SCO globally, PM Modi also spoke about the pandemic and the Ukraine war in his address. Stressing on the need of increased cooperation among nations, PM Modi said that India is working towards becoming a global manufacturing hub.
India backs cooperation and trust among the SCO nations, PM Modi pointed out, adding: “The pandemic and the Ukraine war had created multiple hurdles for the global supply chain. Because of this, the world faced an unprecedented energy and food crisis,” he underlined.
“Today, as the world is overcoming the pandemic, the role of the SCO is highly critical. The SCO nations – where 40 percent of the world population resides – contribute about 30 per cent to the global GDP. The organisation should help in bolstering diversified supply chains. For this, not just better connectivity but better transit would be the need of the hour,” PM Modi stressed.
Several world leaders including China’s Xi Jinping and Russian president Vladimir Putin are attending the summit. PM Modi is set to have bilateral meetings with Putin, the Uzbek president and the Iranian president.