Listing achievements for the Global South under India;s G20 presidency, Modi said unprecedented seriousness was shown this time on climate finance.
There was consensus at G20 on providing finance and technology in easy terms to countries of the Global South for climate transition, he said.
"India believes that new technology should not become a new source of widening the distance between North and South. Today, in the era of Artificial Intelligence (AI), there is a great need to use technology in a responsible manner.
"To take this forward, an AI Global Partnership Summit is being organised in India next month," he said.
In his address, External Affairs Minister S Jaishankar said Global South should work towards self-reliance to mitigate various vulnerabilities as the Covid-era was a stark reminder of the "perils" of dependence for basic necessities on far away geographies.
Though Jaishankar did not make any specific references while making the remarks at the second virtual Voice of Global South summit, the comments are largely seen as veiled dig at China as he also talked about reliability of supply chains and challenges of economic concentrations.
The external affairs minister also said that there continues to be a "resistance" for a greater role for the Global South in shaping solutions for the key contemporary issues.
"We also need to work towards self-reliance to mitigate our vulnerabilities vis-a-vis economic concentrations. The Covid era is a stark reminder of the perils of dependence for basic necessities on far away geographies," he said.
"We need to not only democratise and diversify production, but build resilient and reliable supply chains and promote local solutions. Only then can the Global South secure its future," he said.
In the last few years, India has been positioning itself as a leading voice flagging concerns, challenges and aspirations of the Global South.
As the G20 president, India has been focusing on issues like inclusive growth, digital innovation, climate resilience, and equitable global health access with an aim to benefit the Global South or the developing countries.
Jaishankar also talked about the growing stress on the global economy and the long-standing structural inequities.
"All of us are acutely aware of the growing stress on the international economy and global society. Longstanding structural inequities have been seriously aggravated by the devastation of the Covid pandemic," he said.
"This has been made still worse by the fuel, food and fertilizer crises emanating from the Ukraine conflict and its responses. Resource challenges, financial constraints, disrupted trade and climate events have added to our burdens," he said.