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India’s G20 Presidency

Posted on: November 11, 2022 | Back | Print

India’s G20 Presidency

1. India's G20 Presidency under the theme "One earth, one family, one future", logo and website www.g20.in were unveiled by the Prime Minister of India Mr. Narendra Modi on 8 November 2022. India will hold G20 Presidency from 1 December 2022 to 30 November 2023.

2. The G20 is an intergovernmental forum of the world’s major 19 developed and developing economies and the European Union. Collectively, the G20 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. The G20 currently comprises of Finance Track, with 8 work streams, Sherpa Track, with 12 work streams and 10 Engagement Groups of private sector/civil society/independent bodies.

3. During India’s 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 a greater voice.

4. During the unveiling function, the Prime Minister Mr. Modi underlined that lotus in the logo represents hope to overcome the circumstances and its seven petals represent the seven continents in the world. It represents harmony while respecting diversity. He observed that India understands Global South's developmental aspirations and seeks to advance truly one world and one future. He underscored that India's achievements in many fields can be useful for other countries of the world. For example, the way India has used digital technologies for development, for inclusion, for eradicating corruption, for increasing ease of doing business and ease of living. These all are models and templates for developing countries

5. The areas of interest for G20 will 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.