India will assume the Presidency of the Group of Twenty (G20) for one year starting 1 December 2022 to 30 November 2023. According to the statement released by the Ministry of External Affairs, it is expected that New Delhi will host over 200 G20 meetings across the country under its presidency. The first meeting will be organised in December this year. The G20 Leaders’ Summit at the level of Heads of State / Government is scheduled to be held on 9 and 10 September 2023 in New Delhi.
India will assume the Presidency of the G20 for one year from 1 December 2022 to 30 November 2023.
Press Release on the forthcoming Presidency: https://t.co/LFQ6dmQgEd — Arindam Bagchi (@MEAIndia) September 13, 2022
G20 is an intergovernmental forum comprising 19 countries and the European Union. 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 the European Union (EU). Remarkably, the grouping accounts for 85% of global GDP, 75% of international trade and two-thirds of the world population, making it the premier forum for international economic cooperation.
India is currently part of the G20 Troika (current, previous and incoming G20 Presidencies) comprising Indonesia, Italy and India. “During our Presidency, India, Indonesia and Brazil would form the troika. This would be the first time when the troika would consist of three developing countries and emerging economies, providing them with a greater voice,” MEA said in a statement released on Tuesday.
In addition to G20 Members, there has been a tradition of the G20 Presidency inviting some Guest countries and International Organizations (IOs) to its G20 meetings and summits. Accordingly, in addition to regular International Organizations (UN, IMF, World Bank, WHO, WTO, ILO, FSB and OECD) and Chairs of Regional Organizations (AU, AUDA-NEP and ASEAN), India, as G20 President, will be inviting Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain and UAE as Guest countries, as well as ISA (International Solar Alliance), CDRI (Coalition for Disaster Resilient Infrastructure) and B (Asian Development Bank) as Guest IOs, read the release.
India’s G20 priorities
Whilst India’s G20 priorities are in the process of being firmed up, ongoing conversations inter alia revolve around inclusive, equitable and sustainable growth; LiFE (Lifestyle For Environment); women’s empowerment; digital public infrastructure and tech-enabled development in areas ranging from health, agriculture and education to commerce, skill-mapping, culture and tourism; climate financing; circular economy; global food security; energy security; green hydrogen; disaster risk reduction and resilience; developmental cooperation; fight against economic crime; and multilateral reforms, according to the statement.
Image: ANI