A study by the I.B.A. reveals that the biofuel alliance could generate $500 billion in employment opportunities for G20 nations in the next three years. As India prioritizes energy security amid the Russia-Ukraine crisis, this initiative aims to safeguard oil-dependent nations from OPEC’s dominance. Additionally, the IMEEC has the potential to create millions of jobs, paralleling China’s Belt and Road Initiative’s impact on job creation and poverty reduction.
The use of “Bharat” on official invitations and PM Modi’s placard sparks debate, aligning with BJP’s anti-colonial stance. This echoes in the IMEEC, countering China’s B.R.I. and supply chain control. G20’s celebration as a nationwide festival strengthens the government’s stance on Kashmir and Arunachal Pradesh, appealing to BJP’s core voters favoring a tough approach over Congress’ soft stance.
PM Modi’s soaring popularity casts India as a “Sankatmochan” i.e. global problem solver, emphasizing India’s role as a stabilizing force. “Bharat” advocates peace and non-violence on the world stage, evident in the tribute at Rajghat by PM Modi and G20 leaders. The government showcased India’s rich culture through symbols like the Konark wheel backdrop, Nalanda Mahavihara imagery, and a towering 27-ft Bronze statue of Nataraja at the Bharat Mandapam entrance, strengthening the country’s international presence.
Foreign policy isn’t just diplomacy; it embodies a nation’s values, influencing voters. India’s G20 presidency and the New Delhi Declaration 2023 will impact the 2024 general election and strengthen its bid for U.N.S.C. membership. India’s recent achievements, including Chandrayaan’s success, economic rank, and the G20 summit, elevate its global standing, possibly becoming a key BJP campaign point in 2024.
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