Johannesburg, Nov. 22 -- Prime Minister Narendra Modi on Saturday called for a profound rethinking of global development parameters.

Addressing the session on 'Inclusive and sustainable economic growth leaving no one behind' at the G20 Summit, PM Modi noted that while the G20 has long shaped global finance and growth, prevailing models have deprived large populations of resources and driven the over-exploitation of nature, challenges felt acutely in Africa.

This is the first time that G20 Summit is being held in Africa.

The Prime Minister outlined three path-breaking new initiatives. Global traditional knowledge repository - which meant recognising that many communities across the world preserve eco-balanced, culturally rich, and socia...