“India’s G20 Presidency will aim to encourage this sense of interconnectedness among all people. Thus, “One Earth, One Family, One Future” serves as our theme. – Mr. Narendra Modi, Prime Minister
India took over from Indonesia as the G20 forum’s president on December 1, 2022, making it a historic day. The G20 presidency of India, which has the largest democracy and the fastest-growing economy in the world, will be essential in building on the noteworthy accomplishments of the previous 17 presidencies.
India is on a mission to create a shared global future for all as it assumes the G20 Presidency, focusing on the LiFE movement and the Amrit Kaal program, which aims to encourage ecologically responsible behavior and a sustainable way of life. India seeks to advance a rules-based order, peace, and equitable progress for all with a defined strategy and a development-focused approach. India’s agenda and the six thematic goals of India’s G20 leadership will be strengthened by the 200+ events scheduled in the run-up to the 2023 Summit.
In order to provide Finance Ministers and Central Bank Governors with a forum for discussing global economic and financial challenges, the G20 group of 19 nations plus the EU was founded in 1999. Together, the G20 nations make up over two-thirds of the world’s population, 75% of its trade, and 85% of its gross domestic product. The G20 was given the title of Heads of State or Government in the wake of the global financial and economic crisis of 2007, and was dubbed the “premier forum for international economic cooperation.”
The Finance Track, which is for finance ministers and central bank governors, and the Sherpa Track are the two main interaction tracks for the G20. The Sherpas, who are designated as personal envoys of member-nation leaders, oversee the G20’s activities.These Sherpas are in charge of managing the talks that take place all year long, planning the summit’s schedule, and directing the G20’s actual work. Working groups for each track have representatives from pertinent organizations to handle particular topics.
This year, working groups will concentrate on issues that are of global importance, including sustainable development, climate financing, inclusive growth, the digital economy, public infrastructure, technological transformation, and changes to empower women for socioeconomic advancement. All of these actions are conducted to quicken the Sustainable Development Goals’ progress and provide a better future for future generations.
India’s G20 Presidency:
As 43 Heads of Delegation—the most ever in the G20—will attend the final New Delhi Summit in September of this year, India will host the G20 Leaders’ Summit for the first time in 2023. As a country dedicated to democracy and multilateralism, India’s presidency will mark an important turning point as it works to advance “Vasudhaiva Kutumbakam,” or “the world is one family,” and develop workable global solutions for everyone.
India will serve as the G20 Summit’s rotating chairmanship in 2023. The summit is held yearly. The troika, or past, present, and future presidents, provide assistance for the organisation, which lacks a dedicated secretariat. The troika in 2023 is made up of Indonesia, Brazil, and India.
This summit will wrap up a year-long series of meetings, with Bengaluru, Chandigarh, Chennai, Guwahati, Indore, Jodhpur, Khajuraho, Kolkata, Lucknow, Mumbai, Pune, Rann of Kutch, Surat, Thiruvananthapuram, and Udaipur among the potential host cities from December 2022 to February 2023.
The slogan for India’s G20 presidency is “One Earth, One Family, One Future,” or Vasudhaiva Kutumbakam. It draws inspiration from the ancient Sanskrit text known as the Maha Upanishad. The core message of the subject emphasizes the significance of all life—human, animal, plant, and microorganism—as well as how interdependent they are both on Earth and beyond the cosmos. The subject also perfectly embodies LiFE (Lifestyle for Environment), a movement that emphasizes the significance of environmentally sound and responsible lifestyle decisions on both a personal and a societal level for the development of a cleaner, greener, and bluer future.
The G20 Presidency also marks the beginning of “Amritkaal,” a 25-year period beginning on August 15, 2022, the 75th anniversary of India’s independence, leading up to the 100th anniversary of its independence.
India’s G20 Priorities:
1. Green Development, Climate Finance & LiFE
India is putting a lot of effort into combating climate change, with a focus on climate financing and technology as well as ensuring equitable energy transitions for poor nations.
The LiFE movement, which supports ecologically responsible behavior and is founded on India’s sustainable traditions, is introduced.
2. Accelerated, Inclusive & Resilient Growth
Focus on initiatives that could result in structural change, such as assisting small and medium-sized businesses in international trade, advancing labor rights and welfare, solving the global skills gap, and constructing inclusive agricultural value chains and food systems.
3. Accelerating Progress on SDGs
Reaffirmation of commitment to attaining the goals outlined in the 2030 Agenda for Sustainable Development, with an emphasis on resolving the COVID-19 pandemic’s effects.
4. Technological Transformation & Digital Public Infrastructure
Encouragement of a human-centric view of technology and improved information exchange in areas like financial inclusion, digital public infrastructure, and tech-enabled development in industries like agriculture and education.
5. Multilateral Institutions for the 21st century
efforts to modernize multilateralism and build a more accountable, inclusive, and representative global order capable of facing the challenges of the twenty-first century.
6. Women-led Development
In order to promote socioeconomic development and the fulfillment of the SDGs, emphasis should be placed on inclusive growth and development, with a focus on women’s empowerment and representation.
G20 Summit 2024
The Group of 20 (G20) will hold its 19th Heads of State and Government Summit in Rio de Janeiro, Brazil, in November 2024.
The culmination of the G20 process and the work done during the year through Ministerial Meetings, Working Groups, and Engagement Groups is the Leaders’ Summit. At the conclusion of the Summit, the G20 adopts a Leaders’ Declaration that outlines the commitment of the Leaders to the priorities discussed and chosen throughout the Ministerial and Working Group Meetings.
The EU and 19 other nations make up the G20. Argentina, Australia, Brazil, Canada, China, Germany, France, Italy, Japan, Republic of Korea, Mexico, Russian Federation, Saudi Arabia, South Africa, Turkey, United Kingdom, and the United States are among the 19 nations. From 1 December 2023 to 30 November 2024, Brazil will serve as the G20’s host nation.
The Summit’s theme and area of focus have not yet been disclosed by Brazil. More information will be added to this post as it becomes available.
18 and 19 November 2024 Rio de Janeiro, Brazil
