Page 3 - G20

India to top G20 with 7.3% insurance premium growth over 2025-29: Report

India's insurance market is projected to be the G20's fastest-growing economy over the next five years, with total premium volumes -- life and non-life -- up 7.3 per cent in real terms on average each year aided by macroeconomic stability and the conducive regulatory environment, a report said on Tuesday. Life insurance, the mainstay of India's insurance market, accounts for 74 per cent of total premium volumes, according to a Swiss Re report on the insurance market outlook for India. Life premiums are estimated to grow by 4.8 per cent in 2024 in real terms and by 5 per cent in 2025 (2025-29: 6.9 per cent), following a meagre 0.7 per cent growth in 2023, when the savings segment was adversely impacted by regulatory and taxation changes, it said. The non-life insurance business is forecast to expand to 7.3 per cent (up from 5.7 per cent in 2024) on the back of rising risk awareness, robust economic growth and regulatory initiatives in support of digitalisation, it said. Apart from .

India must lead in sunrise sectors to reach $32 trn economy by 2047: Kant

India's G20 Sherpa Amitabh Kant on Friday said the country needs to become a global champion in sunrise sectors to achieve the target of becoming a developed nation and USD 32 trillion economy by 2047. Addressing the 'Bharat Climate Forum 2025', Kant further said the US, Europe and India have lost the art of manufacturing, and this will have huge implications for the global economy. "My belief is that without India becoming a global champion in sunrise sectors, we would not be able to achieve the target of becoming a developed nation by 2047, we will never be able to become a USD 32 trillion economy," he said. Kant pointed out that in solar panel manufacturing, Indian industries are 5-7 years behind the curve. Noting that India's industry is persistently focusing on fossil fuel vehicles, he said, "If you do not become a manufacturer of electric vehicles (EVs), then you will lose the EV market globally". The former Niti Aayog CEO said if India does not make a major radical shift ..

PM Modi visits Guyana: Why South American nation is crucial to India

South American nation has become a significant contributor to world crude supply

Brazil urges G20 leaders to move faster on net zero climate targets

World leaders are trying to shore up a global response to climate change before Donald Trump retakes the US presidency

Argentina's Milei pivots to pragmatism in first talks with China's Jinping

Last year, then-presidential candidate Javier Milei declared Argentina would not "make deals with communists" in China or Brazil, calling their leaders "murderers" and "thieves" in a bid to channel the populist energies of Donald Trump and other global far-right icons into a winning political message. But on Tuesday, President Milei found himself at the Group of 20 Summit in Rio de Janeiro shaking hands with Chinese President Xi Jinping and vowing to boost trade with the Asian powerhouse, a day after his economy minister signed a preliminary agreement to export Argentine natural gas to Brazil. Milei even acquiesced to a joint declaration endorsed by world leaders late on Monday despite his earlier attempts to play spoiler to the G20 host, Brazil's left-wing President Luiz Inacio "Lula" da Silva who was once called by Milei a "corrupt communist". The final moments of the high-profile summit on Tuesday revealed Milei's more pragmatic streak, coming as a surprise after the irascible ..

G20: Leaders prioritise climate change, clean energy on summit's final day

Developed countries, including in Europe, argue that the contributor base needs to be expanded to include richer developing countries like China and richer Middle Eastern countries in order to agree

G20: Russia-China discuss ties, Ukraine war and Korean peninsula

The leaders' statement also expressed deep concern about the catastrophic humanitarian situation in the Gaza Strip, and called urgently for more aid and protection for civilians along with

Jaishankar meets Chinese counterpart Wang Yi on sidelines of G20 Summit

They noted the progress in the recent disengagement in Ladakh and exchanged views on the next steps in bilateral ties

G20 Summit 2024: Deadline to phase out fossil fuel appears elusive

Opposing curbs on hydrocarbon investments, India has called for expanding decarbonization efforts and increasing renewables

PM Modi interacts with world leaders on the sidelines of G20 Summit

Prime Minister Narendra Modi on Monday interacted with several world leaders, including from Brazil, Singapore and Spain, on the sidelines of the G20 Summit here. The Prime Minister was warmly received by Brazilian President Luiz Inacio Lula da Silva, who is hosting the G20 Summit in Rio de Janeiro. "Looking forward to the proceedings at the G20 Summit in Rio de Janeiro. Thankful to President Lula for the warm welcome," Modi said in a post on X. Modi, who arrived here after concluding a two-day trip to Nigeria, also met UN Secretary-General Antonio Guterres on the margins of the summit. He also had a wonderful interaction with his Singapore counterpart Lawrence Wong. "A wonderful interaction with Prime Minister Lawrence Wong of Singapore during the G20 Summit in Rio de Janeiro," Modi posted on X. The Prime Minister also met Spanish President Pedro Sanchez, who travelled to India on an official visit last month. "From Vadodara to Rio, the interactions continue! A lovely interacti

PM Modi highlights concerns of Global South countries at G20 Summit

The countries of the Global South are most adversely impacted by the food, fuel and fertilizer crisis caused by global conflicts and G20 must focus on addressing it, Prime Minister Narendra Modi said on Monday. In an address at a session at the G20 summit, Modi said India's G20 theme of "One Earth, One Family, One Future" is as relevant at the ongoing summit as it was last year. "I would like to say that countries of the Global South are most adversely impacted by the food, fuel and fertilizer crisis caused by global conflicts," he said. "So our discussions can only be successful when we keep in mind the challenges and priorities of the Global South," he added. The prime minister made the remarks at the G20 session on 'Social Inclusion and the Fight Against Hunger and Poverty'. Modi also called for reform of the institutions of global governance. "And just as we amplified the voice of the Global South by granting permanent membership of G20 to the African Union during the New Del

UPDATES: RBI Governor Shaktikanta Das' tenure likely to be extended further

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G20 summit confronts global order unsettled by Donald Trump's return

Discussions of trade, climate change and international security will run up against sharp US policy changes that Trump vows

Rio declaration? Battle lines drawn over wars in Ukraine, West Asia

Brazil has adopted the theme "Building a Just World and a Sustainable Planet" for its presidency, with a focus on fighting hunger, poverty, and inequality

Indian diaspora 'very excited' in Brazil ahead of PM Modi's visit to nation

Indian diaspora is delighted to see their leaders and have prepared various cultural performances like Garba to welcome the PM

PM Modi departs for 5-day visit to 3 nations; to attend G20 summit

PM Modi issued a statement indicating his first stop in Nigeria, following President Bola Ahmed Tinubu's invitation, aimed at strengthening strategic ties between both countries

Looking forward to meaningful discussions at upcoming G20 summit: PM Modi

Prime Minister Narendra Modi on Saturday said he is looking forward to "meaningful" discussions at the upcoming G20 summit in Brazil that built upon its agenda for the grouping on India's presidency of the bloc last year. Modi made the comments in a statement ahead of his five day visit to Nigeria, Brazil and Guyana. The prime minister's first destination will be Nigeria from where he will travel to Brazil. "In Brazil, I will attend the 19th G-20 Summit as a troika member. Last year, India's successful presidency elevated the G-20 to people's G-20 and mainstreamed the priorities of the Global South into its agenda," the prime minister said. Modi, Chinese President Xi Jinping and US President Joe Biden will be among the leaders to attend the summit in Rio de Janeiro on November 18 and 19. India is part of the G20 troika along with Brazil and South Africa. "This year, Brazil has built upon India's legacy. I look forward to meaningful discussions in keeping with our vision of 'One E

G20 set to back climate goals, global trade in message to Donald Trump

Leaders of the world's biggest economies will reaffirm a strong commitment to multilateralism, especially in the light of the progress made under the Paris Agreement

Brazil launches G20 social summit to highlight needs of low-income people

Brazil launched what it called a social summit Thursday ahead of next week's Group of 20 meeting of top economies, the first such event focused on drawing civil society input ahead of the main annual summit. Foreign Minister Mauro Vieira said 40,000 people from G20 countries were expected to attend meetings and panels through Saturday in revamped warehouses of downtown Rio de Janeiro's port area and nearby Museum of Tomorrow. The main summit takes place in Rio on Monday and Tuesday. Vieira told the opening ceremony, also attended by other government ministers and First Lady Rosngela da Silva, that the gathering is part of Brazil's G20 agenda to promote sustainable development and green energy, fight poverty and reduce inequality. There couldn't be a discussion or effective measures on this issue without welcoming society's contributions, Vieira said. Proposals developed at the social summit will be summarized in a final document to be presented at the leaders' summit. First lady d

PM Modi to attend G20 summit in Brazil from November 18-19, says MEA

Prime Minister Narendra Modi will undertake a three-nation visit from November 16-21 during which he will also travel to Brazil to attend the G20 summit, the Ministry of External Affairs (MEA) said on Tuesday. On the sidelines of the G20 summit, Modi is expected to meet several leaders. The prime minister will visit Rio De Janeiro from November 18-19 to attend the G20 summit hosted by Brazil President Luiz Inacio Lula Da Silva, the MEA said in a statement. India is part of the G20 troika along with Brazil and South Africa, and has been actively contributing to the ongoing G20 summit discussions, it said. "During the summit, the prime minister will put forward India's position on various issues of global importance and build on the outcomes from the G20 New Delhi Leaders' Declaration and Voice of the Global South Summits which were hosted by India in the past two years," the MEA said. On the invitation of Nigerian President Bola Ahmed Tinubu, Prime Minister Modi will visit Nigeria