G20 has critical role in creating balance: Indian PM Modi

Indian Prime Minister Narendra Modi said that it should be acknowledged that it is a time of "deep global divisions" and that "multilateralism is in crisis" as he addressed the opening meeting of the Foreign Ministers of G20 in New Delhi.

"The G20 has a critical role to play in finding the right balance between growth and efficiency on one hand and resilience on the other," the Prime Minister remarked.

He suggested that this balance can be achieved more easily by working together.

In his recorded video message the Prime Minister said that the G20 has the capacity to build consensus and deliver concrete results. He also said several developing countries are "struggling with unsustainable debt" while trying to ensure food and energy security for their citizens.

"The world looks upon the G20 to ease the challenges of growth, development, economic resilience, disaster resilience, financial stability, transnational crime, corruption, terrorism, and food and energy security," said PM Modi.

The first session of the G20 Foreign Ministers' Meeting on March 2 commenced on multilateralism, food and energy security and development cooperation.

The discussion will realise India's theme of 'One Earth, One Family, One Future' for its G20 Presidency, which signals the need for unity of purpose and unity of action.