‘New Delhi Declaration’ at G20 Summit made G7, BRICS look like sideshows: Economist Jim O’Neill

PM Modi now looks more like a ‘visionary statesman’ than Chinese President Xi Jinping, says the economist who coined BRIC
SUMMARY
PM Modi now looks more like a ‘visionary statesman’ than Chinese prez Xi, says British economist Jim O’Neill
The New Delhi Leaders’ Declaration has offered further confirmation that the G20 is the only body with the scope and legitimacy to offer truly global solutions, says O’Neill
British economist Jim O’Neill, who coined the acronym BRIC (now BRICS), joint declaration that emerged from last week’s G20 Summit in New Delhi made G7 and the BRICS look like “sideshows in comparison”. He said the G20 declaration could be the first step in a stronger concerted effort to address global issues, asserting that Prime Minister Narendra Modi now looks more like a ‘’visionary statesman’’ than Chinese President Xi Jinping.
The New Delhi Leaders’ Declaration has offered further confirmation that the G20 is the only body with the scope and legitimacy to offer truly global solutions to global problems, and neither the BRICS nor the G7 has the credibility or the capacity to tackle these challenges ranging from climate change to the war in Ukraine and economic stability among other matters, he said in a write-up on the ‘Project Syndicate’.
Noting that the lack of India-China solidarity will be a major stumbling block for the new BRICS, which recently admitted six new members, O’Neill said Xi’s absence from the G20 summit has deepened the divide between the two countries. “Alternative groupings such as the G7 and the new expanded BRICS look like sideshows in comparison,” he wrote…
Source:businesstoday.in