75 countries will be destroyed by debt | G20 Summit | Amitabh Kant- Watch Video

05 Apr, 2023 Author: Saumya Jaiswar

Former CEO of NITI Aayog and Indian Sherpa of G-20 Amitabh Kant has said that after becoming the President of G-20, India has come into the role of changing the condition and direction of the world. Talking about the trend of the last 10 years, Amitabh Kant said that in the coming days, developed economies like America and Britain may be in the grip of economic recession while emerging economies will grow rapidly.

G20's Amitabh Kant has said that resources from developed countries should be sent to developing countries to help the economy of emerging countries. G20 countries account for 85 percent of global GDP, along with about 75 percent of global trade is done from G 20 countries, along with two-thirds of the world's population lives in Group 20 countries.

Why 75 countries will be face economic recession?

Regarding the challenges facing the world, Amitabh Kant said that due to the economic recession, 75 countries of the world are going to be greatly affected and they can become bankrupt by getting trapped in the debt trap. Amitabh Kant said that due to the economic recession lakhs of people may lose their jobs and crores of people may go below the poverty line.