India to establish a Global South Centre of Excellence

Published on January 15, 2023
Current Context: India will launch a Global South Centre of Excellence, according to Prime Minister Narendra Modi, to research development strategies for underdeveloped nations. The provisional direct tax collection data, according to the finance ministry, show a continued steady rise.
India to establish a Global South Centre of Excellence
  • To address the issues in these nations, he also advocated for human-centered globalization. The statement was made during his opening remarks at the Voice of Global South virtual summit's closing session.
  • According to Prime Minister Modi, India will open a Global South Centre of Excellence. "Development solutions or best practices of any of our countries which can be scaled up and implemented in other members of the Global South" are the subjects of the research that will be done by this center.
  • The challenges posed by COVID-19, rising costs for petroleum, fertilizers, and food, and increased geopolitical tensions, according to Prime Minister Modi, hurt emerging nations.
  • According to him, these nations want globalization to occur without causing a debt crisis, a climate disaster, unequal vaccine distribution, or overly consolidated global supply networks.
  • The prime minister also mentioned that more than 120 developing nations were represented at the conference including representatives from more than 120 developing nations attended the meeting. The prime minister also mentioned that more than 120 developing nations.
  • With the help of this center, developing nations will be able to collaborate and learn from one another while exchanging best practices and answers to common development difficulties.
  • It will be crucial in fostering sustainable development and meeting the requirements of underdeveloped nations. This center will serve as a forum for nations to exchange best practices and work together to come up with answers to common development problems.

Question: 

Q.1 What is the main objective of the Global South Centre of Excellence that Indian Prime Minister Narendra Modi announced?
a. To improve infrastructure development in rural areas
b. To promote foreign trade
c. To research development strategies for underdeveloped nations
d. To increase the budget for education

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