G-20 Summit in India: What is G20 Summit? Know why the G20 summit is special for India

G-20 Summit in India: What is G20 Summit? Know why the G20 summit is special for India

India will assume the chairmanship of the G20 summit for a year from 1 December 2022 and will also host over 200 meetings across the country. India will assume the presidency of the G20 for one year from December 1, 2022 to November 30, 2023.

In a statement released on Tuesday, the Ministry of External Affairs announced that India would hold the G20 presidency from December 1, 2022, to November 30, 2023. as well "Three emerging economies and developing nations will be represented at this summit for the first time. Additionally, more than 200 meetings would be held in India." On September 9 and 10, 2023, New Delhi will host the following G20 summit. Will occur.

Every year, a different G20 member state holds the presidency. The current president's nation, along with the outgoing and incoming presidents, make up the "troika." The G20 is a platform for international cooperation amongst the major industrialized and developing economies of the globe.

Troika will be constructed by these three nations.

India is now a member of the G20 Troika. The troika consists of three nations: India, Italy, and Indonesia. During India's presidency, India, Indonesia and Brazil will establish a new troika.

Describe the G20

The G20 is a significant forum for global economic cooperation because its members collectively represent 85% of global GDP, 75% of international trade, and two-thirds of the world's population. India will invite more nations as guests in addition to the member states and international organisations attending this summit. Bangladesh, Egypt, Mauritius, the Netherlands, Nigeria, Oman, Singapore, Spain, and the United Arab Emirates are included in.

 

countries that are part of the G20

  1. Argentina
  2. Australia
  3. Brazil
  4. Brazil
  5. China
  6. China
  7. India
  8. Indonesia
  9. Italy
  10. Japan
  11. Mexico
  12. Mexico
  13. Russia
  14. South Africa
  15. South Africa
  16. Turkey
  17. Turkey
  18. US
  19. Union of European States

Why India's participation in the G20 Summit is unique

The G-20 was established to encourage collaboration and consultation with emerging and developing economies. The seven main industrialized nations of the world—Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States of America—are the first to join issues facing the G-20

The G20's primary concerns that can be covered at the summit include:

  1. development that is inclusive, equitable, and long-lasting
  2. Life (Lifestyle for the Environment)
  3. empowerment of women
  4. electronic infrastructure
  5. presentations on technology-enabled growth in a variety of fields, including as health and agriculture, education, and commercial skill development
  6. Arts & Tourism
  7. international food security and climate change
  8. electricity safety
  9. renewable hydrogen
  10. Collaboration in Development to Improve Disaster Risk Reduction and Resilience
  11. Combating economic crime and implementing international reform

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