They arrived at a consensus and offered developing nations an infrastructure plan which can rival China's multi-million-dollar Belt and Road Initiative or BRI. The infrastructure plan is being led by United States president Joe Biden. What is China's BRI? China's Belt and Road Initiative (BRI) scheme, which president Xi Jinping launched in 2013, involves development and investment initiatives that would stretch from Asia to Europe and beyond. Though India has officially not reacted to G7 countries' latest plan, it is expected to be a welcome news for New Delhi.

Source: Hindustan Times June 13, 2021 05:03 UTC