Jaishankar also referred to various global challenges, stating, “We meet at a difficult time in world affairs. Two major conflicts are underway, each with its own global repercussions. The Covid pandemic has left many in the developing world deeply devastated.” He also raised concerns over the global debt crisis, asserting, “Debt is a serious concern, even as the world falls behind in achieving SDG targets.” He pointed out that while technology holds great promise, it also presents a host of challenges that require attention.During his speech Jaishankar asserted that “it is axiomatic that development and growth require peace and stability,” stressing that activities across borders characterized by terrorism and extremism are detrimental to trade, energy flows, and connectivity. Highlighting India’s global initiatives, Jaishankar stated: “From an Indian perspective, our own global initiatives and national endeavours are also strongly relevant for the SCO. The International Solar Alliance promotes renewable energy, the Coalition for Disaster Resilient Infrastructure prepares us for climate events, and Mission LiFE advocates a sustainable lifestyle. The Global Biofuel Alliance recognizes the task of energy transition. The International Big Cat Alliance protects our bio-diversity. At home, we have demonstrated the value of digital public infrastructure, just as we have shown the impact of women-led development”Notanly, the SCO grouping comprises of China, India, Russia, Pakistan, Iran, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, and Belarus, with 16 more countries affiliated as observers or dialogue partners. The group claims to represent 40% of the world’s population and about 30% of its GDP, but its members have diverse political systems and even open disagreements with one another. Pakistan, which is hosting the current summit, became a full member of the SCO at its 2017 summit in Kazakhstan.(With inputs from PTI, ANI)
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