Why in News?
The Group of Seven (G7) is in the news because France recently holds the 2026 Presidency and recently hosted a high-level Foreign Ministers' Meeting from March 26–27, 2026, at the Abbaye des Vaux-de-Cernay.
Composition
- Members: Canada, France, Germany, Italy, Japan, UK, US; EU participates without formal membership.
- No headquarters or charter; annual summits rotate presidency (France holds 2026).
- Russia expelled in 2014 over Crimea annexation.
Historical Evolution
- Formed 1975 as G6 (US, France, Italy, Japan, UK, West Germany) amid 1970s oil crises and recession; Canada joined 1976.
- Evolved from economic focus to broader issues like security, climate, and AI.
Key Objectives
- Coordinates economic policies against inflation, trade tensions, and supply chain risks.
- Addresses migration, climate change, food security, and rules-based global order.
- Counters China via Partnership for Global Infrastructure and Investment (PGII).
India's Relevance
- Regular outreach partner; participated in 2025 Canada Summit.
- Engages on shared priorities like Ukraine support, mineral security, and conflict responses.
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