PM Modi to address G7 session as India races ahead on economic front
New Delhi: Prime Minister Narendra Modi will address the Outreach Session of the G7 advanced countries on Tuesday in the backdrop of India having become the fastest-growing economy in the world, and the only country to clock above 6 per cent GDP growth.
According to IMF data, India has taken the lead in economic growth with a 6.2 per cent GDP growth projected for 2025, well ahead of the other G7 countries with the US expected to post a 1.8 per cent growth rate, followed by Canada with 1.4 per cent, and the UK at 1.1 per cent, Japan and France come next with both countries seen clocking a 0.6 per cent GDP growth. Italy is in the 6th spot among the G7 countries with a 0.4 per cent GDP growth, and Germany trails with its economic growth expected at zero amid the global slowdown.
India's industrial growth rate at 5.9 per cent for 2024 is also well ahead of the other G7 countries as Canada has posted a 1.2 per cent increase in industrial production, followed by the US with 0.9 per cent, the UK (0.7 per cent), France (0.5 per cent), Italy (0.3 per cent), Japan (0.2 per cent) and Germany with a (-) 0.1 per cent contraction in industrial production.
Similarly, India outpaces the G7 countries in the services sector with the purchasing managers index at 60.1, compared with Italy, which has the highest PMI number among the G7 at 54.1.
France comes next with 53.1, followed by the UK with 52.9, Germany (52.9), the US (51.4), Canada (51.1), and France trails with the services PMI index at 50.1. The number 50 is the critical mark on the PMI index that differentiates expansion from contraction.
While India is not a permanent member of the G7 bloc, the country has been invited to attend the summit several times over the years, with its growing economic and geopolitical importance.
Prime Minister Modi reached Canada on Tuesday after completing his visit to Cyprus and will also hold bilateral meetings with G7 leaders, including with host Canadian Prime Minister Mark Carney. He will depart for a visit to Croatia on Tuesday evening.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
38 minutes ago
- The Hindu
G7 leaders call for de-escalation but insist Iran must not get nuclear weapon
Leaders of the Group of Seven countries meeting in Canada signed a joint statement calling for de-escalation of fighting between Israel and Iran while reaffirming that Iran cannot be allowed to have a nuclear bomb. Also read: G7 summit highlights on June 17, 2025 The statement reads: 'We, the leaders of the G7, reiterate our commitment to peace and stability in the Middle East. In this context, we affirm that Israel has a right to defend itself. We reiterate our support for the security of Israel. We also affirm the importance of the protection of civilians. Iran is the principal source of regional instability and terror. We have been consistently clear that Iran can never have a nuclear weapon.' 'We urge that the resolution of the Iranian crisis leads to a broader de-escalation of hostilities in the Middle East, including a ceasefire in Gaza. We will remain vigilant to the implications for international energy markets and stand ready to coordinate, including with like-minded partners, to safeguard market stability,' added in the statement.
Hindustan Times
an hour ago
- Hindustan Times
Donald Trump wants G7 to become G8 or G9: These are the two countries he's pushing for
US President Donald Trump began his time at the Group of Seven or G7 Summit on Monday by suggesting the names of two countries as part of the grouping. Naming Russia and China, Donald Trump indicated that he would rather have the G7 become the G8 or possibly even the G9. It is to be noted that Russia and China would be notably authoritarian governments in an organisation whose members are democracies. Donald Trump said it was a 'very big mistake' to remove Russia in 2014 after it annexed Crimea, a move that precipitated Russia's wider invasion of Ukraine in 2022. The statements added more complexity regarding Trump's interests as he was set to meet on Tuesday with Ukrainian President Volodymyr Zelensky about ending the brutal war started by the invasion. 'The G7 used to be the G8. Barack Obama and a person named Trudeau didn't want to have Russia in,' Trump said, referring to Justin Trudeau, who was elected Canadian prime minister the year after Russia was removed from the G8. Stephen Harper was the Canadian prime minister at the time. 'I think you wouldn't have a war right now if you had Russia in, and you wouldn't have a war right now if Trump were president four years ago,' Trump said. 'They threw Russia out, which I claimed was a very big mistake, even though I wasn't in politics then.' Trump added that Russia's leader, Vladimir Putin, is 'no longer at the table, so it makes life more complicated.' Asked by a reporter if China should also be added, the US president replied, 'It's not a bad idea. I don't mind that if somebody wants to see just China coming in.' Suggesting that it's important for world leaders to be able to speak with one another at summits, Trump said, 'Putin speaks to me. He doesn't speak to anybody else," Trump said. "He doesn't want to talk because he was very insulted when he got thrown out of the G8, as I would be, as you would be, as anybody would be.' Trump was speaking to reporters after meeting with Canadian Prime Minister Mark Carney, who is hosting the summit in Kananaskis, along the Canadian Rocky Mountains.
News18
an hour ago
- News18
Meloni's Epic Eye Roll At Macron At G7 Goes Viral, Curious Users Demand: 'Spill The Tea'
Last Updated: Many users couldn't get enough of what's now being called the 'eye roll of the century' A not-so-subtle eye roll from Italian Prime Minister Giorgia Meloni is making waves online after she was caught reacting to French President Emmanuel Macron during a G7 roundtable meeting in Canada on Monday. The moment unfolded during a discussion in Alberta, where Meloni and other world leaders, including US President Donald Trump, had gathered. As Macron leaned in to whisper something into Meloni's ear—while shielding his mouth—Meloni responded with a theatrical eye roll and a swift lean back, clearly unimpressed. 'Eye roll of the century' The video clip quickly spread across social media, sparking endless commentary, jokes, and speculation. Many users couldn't get enough of what's now being called the 'eye roll of the century." 'Georgia Meloni ROLLS HER EYES at France's President Emmanuel Macron. The G7 is off to such a good start. Meloni is awesome, she can't hide her distain for the globalist elite," one user posted on X. 'Meloni with the eye roll of the century. She's torn Macron apart in previous speeches so this isn't a shock," another chimed in. While no one knows exactly what Macron said to prompt the reaction, that didn't stop the internet from trying to guess. 'What do you think Macron whispered to Meloni at the G7? Macron is a bit of a gossiper," one comment read. While another curious user asked: 'C'mon spill the tea. What did you tell Meloni to evoke that priceless eye roll?" One of the more creative takes joked, 'Giorgia Meloni should be declared as the President of UNERC – United Nations Eye Roll Committee." Giorgia Meloni should be declared as the President of UNERC – United Nations Eye Roll Committee. — Zucker Doctor (@DoctorLFC) June 17, 2025 Despite the light-hearted moment, it stood in sharp contrast to the serious tone of the summit, where G7 leaders issued a joint statement calling for de-escalation in the Middle East as the conflict between Israel and Iran escalates with no sign of stopping, and both sides continue to exchange missile and drone strikes. In a statement, G7 leaders had said they were committed to 'peace and stability" in the Middle East. 'We affirm that Israel has a right to defend itself. We reiterate our support for the security of Israel," it stated. 'Iran is the principal source of regional instability and terror," the statement added. First Published: June 17, 2025, 19:55 IST
