The Group of Twenty Nations, commonly known as the G20 is a premier forum for international economic cooperation. G 20 is Comprised of 19 countries and the European Union and it represents more than 85% of the global GDP and two-thirds of the world’s population. The world is facing complex challenges and international cooperation and collaboration becomes crucial for addressing such global issues. One such platform that played an important role in fostering global dialogue and international cooperation is the group of Twenty Nations (G 20). The G 20 Summit 2023 was held in New Delhi on 9th and 10th sep 2023. The G20 Summit is an annual gathering of leaders from 19 of the world’s largest economies and the European Union. The Group of G20 was established in 1999 and serves as the premium forum for global economic cooperation and shaping. During the summit, leaders discussed various issues, including economic growth, trade, climate change and geopolitical stability. This has significant impact on global economic and political developments.
The 18th G20 Summit was the culmination point of a year filled with G20 activities. The G20 Summit 2023 was held in Delhi on September 9 and September 10, 2023. The activities involved ministers, important officials, and people from civil society. When this summit ended, the leaders of the G20 countries released a statement to show that they are still committed to the important topics they talked about and agreed upon during their meetings throughout the year. The theme of G20 Summit 2023 was “Vasudhaiva Kutumbakam” i.e. “One Earth, One Family, One Future”.
Food security, climate change, energy issues, development and healthcare were deliberated upon at the global forum formed to discuss economic and financial matters. The summit was completed successfully as India transferred the G20 Presidency to Brazil. For India, the 2023 G20 summit was of paramount importance. It served as a platform through which the nation engaged with the world’s foremost economic players, advocating for its economic interests and pressing global concerns. India, with its rapidly growing economy and substantial population, leveraged this forum to not only safeguard its own interests but also to contribute to the resolution of critical global challenges, such as climate change, trade, and economic stability.
During the course of its G20 Presidency, India hosted about 200 meetings in 32 different sectors in multiple locations across India. It was an opportunity for India to share its expertise with the world in areas of women empowerment, democracy and digital technologies. As a country with core democratic values, India showed the world that the scope of conflict can come to an end when democracy becomes a culture. This gained significance amidst the ongoing Russia-Ukraine conflict.
During the G20 Summit in New Delhi, a Memorandum of Understanding (MoU) was signed between the governments of India, USA, Saudi Arabia, European Union, UAE, France, Germany, and Italy to establish the India – Middle East- Europe Economic Corridor. IMEC will become a network of transportation routes encompassing railways and sea lanes. Its main objective is to promote economic development by fostering integration between Asia, Arabian Gulf and Europe. The Group of G 20 adopted the New Delhi Leaders Summit Declaration after a consensus was reached among member states. Indian presidency crafted solutions that resonated with each G20 member, offering a shared path forward for all. Many outcomes of our presidency contained comprehensive strategies for all developing nations.
This indicates that it is possible to keep all member nations on the same track if the approach is towards benefit of all. All 83 paras of the joint declaration had 100% consensus across all countries which is a great achievement on India’s part. A G20 Declaration without any footnote demonstrates India’s ability to bring everybody to the same table. It indicates the india’s reputation in the world has grown very much and now the world listens to us. We achieved a major green development pact to focus on financing, cutting global greenhouse gas emissions, a global biofuel alliance, sustainable development and ending plastic pollution, among others, for which every single country came together and agreed. There was huge focus on sustainable development, health and education along with resilient and inclusive growth, women’s empowerment and well-being.
Without any doubt the G 20 Summit was a great success for the nation. We achieved all the targets that we had set for the summit. India was successfully able to achieve consensus on the New Delhi Declaration early on in the G20 Summit. India successfully positioned itself as a champion for developing and underdeveloped nations and seeks to align this with its ambitions for a permanent seat on the UNSC. India is actively seeking support from the African continent, which holds 55 crucial votes, in pursuit of this goal. During G20 Summit, Prime Minister Modi engaged in a series of bilateral meetings with world leaders. He handed over the G20 presidential gavel to Brazilian President Lula, expressing confidence in India’s successor to promote global unity and prosperity.
Ideas, Opinions and Views expressed in articles are Writer’s own and may not be in accord with those of The Morn
Learnings From G 20 Of India is added by Mufakkir Wani on View all posts by Mufakkir Wani →
Subscribe THE MORN
