India pitched for more consultations between countries of the global south and a joint push for UN reforms.
- The concept of the Global South encompasses regions in Latin America, Africa, Asia, and Oceania, representing developing nations with shared historical contexts of colonization and economic marginalization.
Role of Global South in Emerging World Order
- Multilateral Reforms: Advocates for reform of global governance institutions like UN Security Council, World Bank, WTO for a fairer and more equitable world order.
- Economic Power: Command a majority of global GDP growth, have large consumer markets and younger workforces.
- Strengthening Multipolarity: By developing alternative institutions like New Development Bank, African Union, BRICS etc.
- Sustainable Development: Promotes sustainable development through South–South cooperation and partnerships in critical areas like poverty alleviation, food security, environmental conservation etc.
India’s Engagement with the Global South
- Economic Cooperation: Increasing trade relations, particularly with African and Latin American countries, significant investments in sectors like telecommunications, pharmaceuticals etc.
- Development Assistance: Infrastructure development, lines of credit, capacity building programs and technical assistance.
- Multilateral Engagements: Through leadership in forming multilateral organizations like International Solar Alliance, Coalition for Disaster Resilient Infrastructure, and partnerships such as India-Africa Forum Summit etc.
- Diplomatic Bridge: India maintains a policy of strategic autonomy, engaging with both the West and Global South to bridge the divide on critical international issues like climate change, trade, and security.
