G7 the group of seven is informal block of highly industrialized democracies. Representing countries with more than 64% of net global wealth e.g. U.S.A, U.K, Japan, Canada, France, Germany and Italy. Previously known as G8, but the suspension of Russia, reduces it to G7 in March 2014 after Russian annexation of Crimea, which led G7 to put sanctions on Russia and condemns its act.
G7 summit 2015 in Schloss Elmau has created a new chapter to many developing and developed nations like India and China to be part of this group as a guest. Opens new vision for these nations to get benefitted in its annual meeting. When these highly industrialized nations are discussing multifaceted problems like Terrorism, Environment, women empowerment, economic development, global economic balance etc.
Indian foreign policies reflect its agenda for equal distance with multipolar world representing worlds superpowers. Which has indebted India's free global market and predictability of more economic development nowadays.
A G7 Nations meeting so far by and large revolves around to combat with global crisis, security threat, economic development and global economic balance etc. If its agenda for equal distance with global economic market and commitment for global economic balance is followed on paper with true spirit, as its initiative to assist South Africa will be good for third world. Otherwise cold war's replaced developed Nations desire to led them towards more economic growth without caring about underdeveloped Nations.
On its 41st summit of June 2015, G7 sends invitation to various countries like India and China to burst as guests for their spin. India can raise not only the issues which is a problem for developing nations, but it can also instil these countries for strong bilateral relations of which developing nations is of desperate need. India as a leader of 3rd world representing world's fastest economic growth can favour the developing Nations by pushing developed Nations to stop discrimination against underdeveloped and let them lift up their countries from poverty and pull out their people from marginalisation, diseases, food scarcity, hunger ,weak agriculture outcome and low productivity etc.
Although India is not the member of G7 but its role is to develop strong relation with G7 Nations while protesting the negative actions initiated by G7 Nations. However India is already gaining momentum in this sphere which can be traced by sidelined bilateral meeting of Shri Narendra Modi and David Cameron in Nov 2014 at G20 summit. The recent Prime Ministers eight day three Nations visit to France, Germany and Canada and bilateral partnership deal with U.S.A on Republic day of India.
These multilateral trade relations will abruptly ensure promotion of economic ties, trade relations, infrastructure and cooperation in security/defence related matters. By partnering these G7 Nations which is relative to India's industrial program, will open up market for all investors at global level.
Developing Nations like India and China has emerged as fastest growing countries nowadays reflected by BRICS summit representing 3 billion people with a combined nominal GDP of US$16.039 trillion, putting G7 Nations on competition, at the same time when G7 Nations has put sanctions on Russia giving little imbalance to its net global economy with fall of global market and other global crisis. Which pushes G7 Nations to invite more developed and developing Nations on their annual meeting
Due to dearth of conventional and non conventional energies like petroleum, nuclear energy and lack of technology to generate renewable energies like wind, solar etc. India can achieve this end by partnering these G7 Nations and flourish more civil nuclear agreements and deal for to upgrade its energy technology process. Terrorism is one of the issues not only for India, but world at large Terrorism groups like Islamic state, Boko Haram and Al-Qaida is a combined threat for global security. India's role is to hit out against terrorism as a responsibility of all countries to protest and combat with such global security crisis.
Therefore if India acts boldly and swiftly to safeguard the interests of third world as a leader. If India as a geopolitical Nation mingle the interests of third world with its own and raise the voice on behalf while thinking to safeguard its own trade relations and policies to ultimately train India ,prepare India for more economic development, environment development, marines, women empowerment, terrorism, unemployment, health care, education and infrastructure
In closing note India has to save the both sides of the coin, it's policies should bind powerful nations to put legible sanctions on developing Nations relating to carbon emissions and other hindrances to economic development and to combat crisis of any kind collectively no matter where it emerges and free global trade relations with india and other developing Nations .it can be a best role india should play on every such summit or outside the summit.
Rouf Raza Dar