Facts for Prelims (FFP)
Source: PIB
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”.
| Term | Explanation |
| 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.
