Facts for Prelims (FFP)
Prime Minister Narendra Modi addressed the B20 Summit India 2023, highlighting various aspects related to business, sustainability, and global cooperation.
- The B20 Summit India is a platform for policymakers, business leaders, and experts to discuss policy recommendations for G20. Its theme is “RAISE”.
|R – Responsible||Emphasizes the need for businesses to act responsibly and consider their impact on society and the environment.|
|A – Accelerated||Refers to the need for businesses to drive economic growth and development through rapid progress and innovation.|
|I – Innovative||Highlights the importance of innovation in business strategies to adapt to changing global dynamics.|
|S – Sustainable||Advocates for businesses to adopt practices that ensure long-term sustainability for both the economy and the planet.|
|E – Equitable||Focuses on promoting fairness and inclusiveness in business practices, ensuring benefits are shared widely.|
Other Key points:
- The PM also proposed the idea of an “International Consumer Care Day” to strengthen trust between businesses and consumers.
- The Prime Minister emphasized India’s role in creating a trusted global supply chain and promoting sustainability. He called for businesses to go beyond profit and focus on supply chain resilience and sustainability.