Finance
Prime Minister addressed today the third session of the G20 Summit on “A Fair and a Just Future for All – Critical Minerals; Decent Work; Artificial Intelligence.” Prime Minister called for a fundamental change in the way critical technologies are promoted. He noted that such technology applications must be ‘human-centric’ rather than ‘finance-centric’, ‘global’ rather than ‘national’, and based on ‘open source’ rather than ‘exclusive models’. He elaborated that this vision has been integrated into India’s technology ecosystem and the same has resulted into significant benefits, be it in space applications, AI or digital payments where it is a world leader.
Speaking on Artificial Intelligence, Prime Minister outlined India’s approach based on equitable access, population-level skilling, and responsible deployment. He noted that under India-AI Mission, accessible high-performance computing capacity is being built with the objective of ensuring that AI benefits reach everyone in the country. Underlining that AI must translate into global good, Prime Minister called for a global compact based on the principles of transparency, human oversight, safety-by-design and prevention of misuse. He emphasized that while AI should expand human capabilities, the ultimate decision should be made by humans themselves. Prime Minister stated that India will be hosting the AI Impact Summit in February 2026 with the theme ‘Sarvajanam Hitaya, Sarvajanam Sukhaya’ [Welfare for all, Happiness for all], and invited all G20 countries to join this effort.
Prime Minister emphasized that in the age of AI, there is a need to rapidly shift our approach from ‘Jobs of Today’ to ‘Capabilities of Tomorrow’. Recalling progress made on talent mobility at the New Delhi G20 Summit, he proposed that the group should develop a Global Framework for Talent Mobility in the coming years.
Prime Minister concluded by articulating India’s message and commitment for global well-being– that it stands for – development that is sustainable, trade that is trusted, finance that is fair, and progress in which everyone prospers. Full remarks of Prime Minister may be seen [here].
Source: PIB
