Modi seeks to cement India’s global standing with G20 summit

Indian Prime Minister Narendra Modi waves as he visits International Media Center, on the second day of the G20 summit in New Delhi, India, September 10, 2023. (REUTERS)
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Updated 10 September 2023
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Modi seeks to cement India’s global standing with G20 summit

  • India displaced former colonizer Britain as fifth-biggest economy in 2022
  • A recent poll by Pew showed eight in 10 Indians have a positive view of Modi

NEW DELHI: Indian Prime Minister Narendra Modi used his G20 presidency to burnish his image at home and abroad as a steward of national power and prosperity, asserting India’s place in the world ahead of general elections next year.

For months, the 72-year-old leader has been a ubiquitous presence across Delhi, looking down from countless roadside posters and billboards put up across India’s capital.

Among other slogans, they proclaimed the country the “Voice of the Global South.”

India overtook China as the world’s most populous country earlier this year, after displacing former colonizer Britain as its fifth-biggest economy in 2022.

Now Modi is seeking a place on the global stage to match, using the G20 summit as a catalyst to position India as a representative of many others outside traditional power blocs.

Among the most tangible outcomes of the summit was a permanent seat at the table for the African Union, and on the first day, Modi banged a ceremonial gavel to announce that the leaders had reached consensus to adopt a declaration.

It was somewhat unexpected. The grouping had agreed on most things last year in Bali but not all.

But by herding deeply divided leaders into a common — if largely symbolic — statement on vexed issues such as Russia’s invasion of Ukraine, Modi scored a diplomatic win.

The statement avoided any direct criticism of Russia — a long-time arms and energy supplier to India — or summit absentee President Vladimir Putin, who is accused of war crimes by the International Criminal Court.

And on climate, there was no commitment to phase out fossil fuels, but there was backing for the goal of tripling renewable energy capacity by 2030.

“It is a success for India’s diplomacy,” said Ashok Kantha, former Indian ambassador to China.

“We could persuade our friends in the West, and say they need not insist on an explicit condemnation of Russia’s invasion of Ukraine,” he added.

“It’s a good compromise.”

And Michael Kugelman, director of the South Asia Institute at the Wilson Center, said the outcome had “vindicated” India’s policy of “strategic autonomy.”

“It’s definitely not a reflection of a 100 percent consensus, or maybe not even an 80 or 90 percent consensus,” but it did “suggest a level of convergence on more issues than I had expected.

“That’s a bit of a pleasant surprise.”

Delhi went on an intense beautification drive before the two-day meeting.

Men were hired to chase away monkeys, some 70,000 flower pots were placed across the city and on summit days, swathes of the metropolis were locked down — with some preparations criticized as thousands of homeless people were moved to shelters.

The summit itself was replete with Hindu symbols, a not-so-subtle message from populist Modi to his base.

His political career and success have been based on support from India’s one-billion-plus Hindus and, critics say, stoking enmity toward the country’s large Muslim minority.

The summit’s logo — a globe with a lotus — echoed the symbol of his Hindu nationalist Bharatiya Janata Party.

At the summit table, Modi sat behind a nameplate that said “Bharat” — an ancient Sanskrit word steeped in Hindu religious symbolism — rather than India.

He will go to the world’s biggest election next year as the clear favorite, with the opposition Congress Party plagued by its reputation for corruption.

A recent poll by Pew showed eight in 10 Indians have a positive view of Modi, and almost as many believe he is leading the country to greater influence on the world stage.

His international reputation is a little less lustrous.

Under Modi’s tenure, India has slumped in Freedom House’s rankings for political rights and civil liberties, with police cracking down on protests, the ruling party scoring lavish funding from business allies and press freedoms curtailed.

Sweden’s V-Dem Institute now describes the country as an “electoral autocracy” rather than a democracy.

But Kugelman said the G20 presidency “will really deliver a shot in the arm, so to speak, to his already very strong political prospects.”

“He’ll come out of this, I think, politically energised and certainly advantaged politically as well.”


8 in 10 British Muslims face ‘financial faith penalty’ when seeking home finance, survey finds

Updated 04 February 2026
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8 in 10 British Muslims face ‘financial faith penalty’ when seeking home finance, survey finds

  • Restricted choices plague potential buyers

LONDON: Eight in 10 British Muslims say their home finance choices are restricted because of their faith, according to a new national survey that highlighted what researchers describe as a growing “financial faith penalty” in the UK housing market.

The report, published by Islamic home finance fintech firm Offa, found that 80 percent of Muslim respondents believe their religious beliefs limit their access to suitable home finance, while those who do use Islamic products often face slower decisions, heavier paperwork and poorer customer experiences than in the conventional mortgage market.

Based on surveys of 1,000 British Muslims conducted by Muslim Census, and 2,000 non-Muslims carried out by OnePoll, the research calls on providers, brokers and policymakers to modernize Islamic home finance and improve access to Sharia-compliant products.

Among the 24.3 percent of British Muslims who have used Islamic home finance, just 5 percent said they had received a same-day decision.

Some 62 percent waited up to two weeks, while 33 percent waited more than 15 days, including 16 percent who waited over a month.

Long decision times were cited as the biggest challenge by 28 percent of respondents, followed by excessive paperwork (22.6 percent) and poor customer service (18.9 percent).

Islamic home finance differs from conventional mortgages by avoiding interest and steering investment away from sectors considered harmful to society, including gambling, alcohol, tobacco, arms trading and animal testing.

Sagheer Malik, chief commercial officer and managing director of home finance at Offa, said the findings showed British Muslims were being underserved by outdated systems.

Malik said: “Property is the asset class of choice for many of the UK’s 3.87 million Muslims, both as a route to generational wealth and as a long-term financial foundation, yet our insightful research report reveals that British Muslims are being underserved and deterred by slow, outdated and opaque Islamic home finance provision.

“This is not a niche concern. It goes to the heart of financial fairness and inclusion in modern Britain.”

He added that Muslims deserved Sharia-compliant products that matched mainstream standards on “price, speed and simplicity.”

Despite strong demand, uptake remains low.

Only 12.8 percent of British Muslims surveyed said they currently use Islamic home finance, with a further 11.5 percent having done so in the past. More than three quarters (75.7 percent) have never used it.

Faith plays a central role in financial decisions, with 94.2 percent saying it is important that their financial products align with their ethical or religious beliefs. Yet more than half of those using conventional mortgages said they felt unhappy or uneasy about doing so because of their faith.

The study also found that British Muslims share similar home ownership aspirations to the wider population, with 79.1 percent citing the desire to provide a stable home for their family, while 18.6 percent said building generational wealth was their main motivation. Only 2.2 percent said they did not want to own a home.

The report suggests Islamic finance could appeal beyond Muslim communities. While 64 percent of non-Muslim respondents had never heard of Islamic home finance, 63 percent said they favored its ethical principles once explained.

Younger generations were the most receptive, with 43 percent of Generation Z and 37 percent of millennials saying they would consider using Islamic home finance, compared with just 7 percent of baby boomers. More than three quarters of Gen Z and 72 percent of millennials also said it was important that their finance provider avoided investing in ethically harmful sectors.

Offa said the findings pointed to an opportunity to expand ethical finance in the UK, provided the industry can deliver faster, simpler and more transparent services.