Prime Minister Narendra Modi addressed the B20 Summit in New Delhi on August 27, 2023. In his speech, he urged businesses to become more consumer-centric, called for a framework of cryptocurrencies and ethical use of AI.
Here are some of the key points from PM Modi's speech:
- Businesses should become more consumer-centric: PM Modi said that businesses should focus on understanding the needs of consumers and providing them with products and services that meet those needs. He also said that businesses should be transparent about their pricing and practices.
- There should be a framework for cryptocurrencies: PM Modi said that cryptocurrencies are a new and emerging technology, but there is a need for a framework to regulate them. He said that such a framework should be based on principles of consumer protection, financial stability and environmental sustainability.
- AI should be used ethically: PM Modi said that artificial intelligence (AI) is a powerful tool that can be used for good or bad. He urged businesses to use AI ethically and responsibly. He said that AI should be used to empower people and solve problems, not to exploit them.
PM Modi's speech was well-received by the B20 business leaders. They agreed that businesses have a responsibility to be consumer-centric and to use AI ethically. They also said that they are committed to working with governments to develop a framework for cryptocurrencies that is in the best interests of consumers and businesses.
The B20 Summit is an annual meeting of business leaders from the G20 countries. The summit provides a platform for businesses to discuss global economic issues and to make recommendations to governments.
Speaking at the B20 Summit India 2023. https://t.co/dC5P5CH0ti
— Narendra Modi (@narendramodi) August 27, 2023
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