India's consistent presence at the G-7 summits reflects its strategic pivot from a peripheral participant to a pivotal player in global geopolitics. The news highlights the declining economic weight of the G-7 (~40% of global GDP) and the rise of the 'Indo-Mediterranean' strategic vision connecting the Indian Ocean to Europe, a key development for India's foreign policy under its plurilateral alignment strategy.
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- ›G-7 GDP Share Now: Roughly 40%
- ›G-6 Formed: 1975
- ›Target this Data: G-7's current share of global GDP is roughly 40% (down from over two-thirds).
- ›Target this Nodal Body: G-7 (Group of Seven) as an intergovernmental forum of advanced economies.
- ›Target this Strategic Vision: The 'Indo-Mediterranean' concept and its launch vehicle, the India-Middle East Economic Corridor (IMEC) in 2023.
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