India, June 19 -- The just-concluded G7 meeting marks a key moment, both for the group and for India. The G7's core agenda - supporting economic growth in the developing world - stood in stark contrast to the strategic imperative of addressing the spiralling Iran-Israel conflict in West Asia. Unsurprisingly, the only strong outcome of the summit was the G7 Leaders' statement on the Iran-Israel situation - highlighting that consensus, when achieved, is more likely on geopolitical crises than on economic cooperation. This sense of drift was amplified by US President Donald Trump's abrupt departure from the summit.

This year's G7 meeting may have been a forewarning to how the US's economic and strategic repositioning could test the limits o...