G7 Summit & India: Key Takeaways & an Opportunityto expand Ties with West - By Satish Kumar Karna

The G7 is an artifact of a bygone era. In the 1970s, when the G5 was expanded to include Canada and Italy, the new grouping really did dominate the world economy. Japan was booming, and many expected it to catch up to the US; Italy was growing, and nobody was thinking about China. Generally, it is perceived that without China and India, G7 has lost its relevance. Analysts also believe that the G20 is more effective than the G7. The absence of world’s emerging powers like Brazil, China, India, Mexico and South Africa was often noticed. Further G7 ....