Vice President of India, Mr. Venkaiah Naidu has called for much needed reforms in international political, financial and business institutions so that they become more representative of the ground realities.
Addressing the inaugural session of ‘Deccan Dialogue II – The beginning of disruption in economic diplomacy’ at the Indian School of Business in Hyderabad, he said that India has come up with a rule-based multilateral order to tackle many common challenges like climate change, technology division. Supports. , Trade disputes, terrorism, contact and maritime threats.
Noting that India and other developing countries faced issues of unilateralism and protectionism, there was a clear call for reform in the multilateral system so that developing countries had a greater say in global governance, stating that “we need multilateralism Have to improve to withstand. ” Protectionist tendency ”.
Indicating that India represented 1 / 6th of the global population, the Vice President also called for expansion and democratization of the UN Security Council.