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India: G20's diverse membership of advanced, emerging economies key to accelerating reform: economist
The G20's unique makeup of developed and developing countries positions it to lead global economic reform, with supply chain diversification and debt relief highlighted as key priorities, according to Indian economist Feroze Azeez in an interview with China Global Television Network (CGTN). Azeez, joint CEO at Anand Rathi Wealth in India, outlined a multi-pronged strategy for how G20 members can collectively boost the global economy, beginning with efforts to strengthen supply chains, improve logistics, and promote economic inclusion. "I think the most important thing which G20 can push across countries is diversifying supply chains. It's very important. The sources of supply chain is very critical. That's one thing which I'm sure G20 as a group can do, because it's one of the few groups or only group where the developed and the developing are together. The second thing is to promote strengthening of domestic manufacturing, which I think is very, very critical. That's the second thing we can do," said Azeez. "The third thing from a reform standpoint is to increase and improve logistics. I think these three are very, very crucial from a reform standpoint. Of course this is too macro. But going across different countries and promoting bilateral agreements, the fourth thing could be a four pronged strategy to create a reform environment for inclusion and development and protecting a world economy," he added. Azeez also pointed to rising global debt as a critical challenge the G20 is well-positioned to address through coordinated financial policy and central bank cooperation. "The debt across different economies has gone up substantively. The unfortunate part is the interest rates and debts. Refinancing is becoming that much more difficult. So G20 as a collaborative group can definitely help tidy up this debt burden because it'll require a lot of cross border synergies between central banks for interest rate movements," said Azeez. The G20 Summit opened in Johannesburg, South Africa on Saturday under the theme "Solidarity, Equality and Sustainability," marking its first-ever gathering in Africa and underscoring the Global South's rising role in global governance. SHOTLIST: FILE: Durban, South Africa - July 18, 2025 1. Various of G20 2025 logo, flags, sign reading (English) "Solidarity, Equality, Sustainability"; Mumbai, India - Nov 18, 2025 2. SOUNDBITE (English) Feroze Azeez, joint CEO, Anand Rathi Wealth: "I think the most important thing which G20 can push across countries is diversifying supply chains. It's very important. The sources of supply chain is very critical. That's one thing which I'm sure G20 as a group can do, because it's one of the few groups or only group where the developed and the developing are together. The second thing is to promote strengthening of domestic manufacturing, which I think is very, very critical. That's the second thing we can do."; FILE: China - 2025 3. Various of machines in operation; Mumbai, India - Nov 18, 2025 4. SOUNDBITE (English) Feroze Azeez, joint CEO, Anand Rathi Wealth: "The third thing from a reform standpoint is to increase and improve logistics. I think these three are very, very crucial from a reform standpoint. Of course this is too macro. But going across different countries and promoting bilateral agreements, the fourth thing could be a four pronged strategy to create a reform environment for inclusion and development and protecting a world economy."; FILE: China - Date Unknown 5. Aerial shots of port scenes; Mumbai, India - Nov 18, 2025 6. SOUNDBITE (English) Feroze Azeez, joint CEO, Anand Rathi Wealth: "The debt across different economies has gone up substantively. The unfortunate part is the interest rates and debts. Refinancing is becoming that much more difficult. So G20 as a collaborative group can definitely help tidy up this debt burden because it'll require a lot of cross border synergies between central banks for interest rate movements."; FILE: New York City, USA - Date Unknown 7. Facade of New York Stock Exchange building; 8. Various of trading floor of New York Stock Exchange, staff members working. [Restrictions: No access Chinese mainland]
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