Creation of talent pool will lead to faster recovery from pandemic: PM Modi at G20 Summit

The Summit, which saw the participation of respective Heads of State/ Government of 19 member countries, EU, other invited countries and international organizations, was conducted in the virtual format in view of the COVID-19 pandemic.

PM Modi congratulated the Kingdom of Saudi Arabia and its leadership for its successful Presidency of the G20 this year and for organizing the second G20 Summit in 2020 through a virtual format despite the challenges and obstacles posed by the COVID-19 pandemic.

The Summit under Saudi Presidency centered on the theme "Realizing Opportunities of 21st Century for All” which has assumed greater importance in the wake of the ongoing COVID-19 pandemic.

Speaking at the Summit, Modi termed the COVID-19 pandemic as an important turning point in the history of humanity and the biggest challenge the world is facing since World War II.

He called for decisive action by G20, not limited to economic recovery, jobs and trade, but to focus on preserving Planet Earth noting that all of us are trustees of humanity’s future.

Modi called for a new Global Index for the Post-Corona World that comprises four key elements – creation of a vast Talent Pool; ensuring that Technology reaches all segments of the society; Transparency in systems of governance; and dealing with Mother Earth with a spirit of Trusteeship. Based on this, the G20 can lay the foundation of a new world.

He underscored that in the past few decades, while there has been an emphasis on Capital and Finance, the time has come to focus on Multi-Skilling and Re-skilling to create a vast Human Talent Pool.

"This would not only enhance dignity of citizens but would make our citizens more resilient to face crises," Modi said.

He also said that any assessment of new technology should be based on its impact on the ease of living and quality of life.

Modi called for greater transparency in governance systems which will inspire our citizens to deal with shared challenges and enhance their confidence.

He also said that dealing with environment and nature as trustees rather than owners will inspire us towards a Holistic and Healthy Life Style, a principle whose benchmark could be a Per Capita Carbon Footprint.

Noting that ‘Work from Anywhere’ is a new normal in the post-COVID world, PM also suggested the creation of a G20 Virtual Secretariat as a follow-up and documentation repository.

The 15th G20 Leaders’ Summit would continue on Nov 22 culminating in the adoption of the Leaders’ Declaration and with Saudi Arabia passing on the Presidency to Italy.