Prime Minister Narendra Modi’s remark at the G7 summit in France that “the world does not suffer from a shortage of resources…it suffers from a shortage of trust”, reflected the growing unease and the concerns shared by several governments, businesses and the international institutions. Speaking at a time when the world is witnessing geopolitical tensions across multiple regions, PM Modi’s comment points towards the erosion of trust and confidence between nations, weakening global cooperation and the failure to settle the international disputes via the established mechanisms. His comments came in the backdrop of the prolonged Russia-Ukraine war, sharpening US-China rivalry,…
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