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Inflation a key issue the world faces: PM Narendra Modi ahead of G20 Summit

Days ahead of the G20 summit here under India’s presidency, Prime Minister Narendra Modi has identified inflation as a critical issue facing the world and called the debt crisis “a matter of great concern” for developing countries. He has also stressed the need for fiscal discipline by states.

In an interview with the Press Trust of India (PTI) last week, which the news agency released on Sunday, Modi observed that the Covid-19 pandemic had the world recognise India’s human-centric development model, rather than a GDP-centric view. He said the Sabka Saath Sabka Vikas model could be the guiding principle for the welfare of the world.

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