The G7 summit taking place in Canada from June 15 to 17 this year.
Context:
• Prime Minister Narendra Modi is not expected to attend the G7 summit taking place in Canada from June 15 to 17 this year. • Canada, the hosts of the event this year, has not formally extended an invitation for the event in Alberta, but in any case, it is unlikely that Modi would have traveled to North America, particularly due to uncertainty regarding how the newly elected Canadian government will address India’s concerns regarding the actions of Khalistan separatists. • There has been no confirmation on whether PM Modi will visit Canada for the summit amid diplomatic tensions.
Formation of the G7:
o The G7 originated from the Oil crisis of 1973 and the resulting financial crisis, which forced the leaders of 6 major industrial nations to convene a meeting in 1975. o the participating countries were the US, UK, France, West Germany, Japan, and Italy. o Canada joined in 1976, leading to the formation of the G7. o It was known as the ‘G8’ for several years after the original seven were joined by Russia in 1997, but it was renamed as G7 after Russia was expelled as a member in 2014 following its annexation of the Crimea region of Ukraine.
About G7:
The G7, or Group of Seven, is an informal forum that brings together the leaders of seven of the world’s most advanced economies and the European Union. It’s not an international organization with a permanent secretariat or a formal treaty, but rather a platform for discussion and coordination on major global issue.
2024 Summit: Italy (Apulia) hosted the 50th G7 Summit in June 2024.
• 2025 Summit (Kananaskis, Alberta, Canada): Canada holds the G7 presidency for 2025 and will host the 51st G7 Summit from June 15 to 17, 2025, in Kananaskis, Alberta. This marks the 50th anniversary of the G7’s founding. • The summit is expected to focus on global peace, security, strong economies, and digital technology transformation.
