New Delhi, March 26 -- The G20 states on Thursday said they would inject more than $5 trillion into the global economy to counter the social and economic impact of the Covid-19 pandemic and to safeguard jobs and revive growth.

Prime Minister Narendra Modi, who joined an extraordinary virtual G20 leaders' summit, said the pandemic offered an opportunity to forge a new concept of globalisation that wasn't focused solely on an economic agenda. He also called for the reform of the WHO, which was based on "last century's models", according to people familiar with developments.

The summit, convened by G20 president Saudi Arabia following a suggestion from Modi, marked the first time the grouping's leaders met via video conference and discusse...