India to hold G20 presidency for one year and host over 200 meetings


By CNBCTV18.com IST (Released)

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The Group of 20 is a forum of the major developed and developing economies of the world. It includes Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA and Europe. European (EU).

India will hold the presidency of the G20 or Group of 20 for one year – from 1 December 2022 to 30 November 2023. The country is expected to host more than 200 G20 meetings during its one-year presidency.

“The G20 Leaders’ Summit at the Heads of State/Government level is to be held on 9-10 September 2023 in New Delhi,” the Ministry of External Affairs (MEA) announced on Tuesday.

The G20 is a forum of the world’s major developed and developing economies. It includes Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA and Europe. European (EU).

India is currently part of the G20 troika (current, previous and incoming G20 presidencies) comprising Indonesia, Italy and India. During the Indian presidency, India, Indonesia and Brazil would form the troika.

According to the statement, it would be the first time that the troika would consist of three developing countries and emerging economies, giving them a greater voice.

As the G20 Presidency, India will invite Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain and UAE as guest countries. The International Solar Alliance, the Coalition for Disaster Resilient Infrastructure (CDRI) and the Asian Development Bank (ADB) would also be invited.

“While our G20 priorities are being confirmed, ongoing conversations revolve around, among other things, inclusive, equitable and sustainable growth; lifestyle for the environment; empowerment of women; digital public infrastructure and technology-enabled development in areas ranging from health and agriculture,” the MEA said.

Other key areas are education, trade, skills mapping, culture and tourism, climate finance, circular economy, global food security, energy security, green hydrogen, risk reduction disaster recovery and resilience, development cooperation, the fight against economic crime and multilateral reforms.

Collectively, the G20 represents 85% of global GDP, 75% of international trade and two-thirds of the world’s population, making it the premier forum for international economic cooperation.

Last year, the G20 Leaders’ Summit met for a two-day summit in October in Rome, Italy. The summit, under the Italian presidency, focused on three pillars: People, Planet, Prosperity.

(With PTI entries)


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