E-Paper Live
November 18, 2022
India will host the G20 summit in 2023, assuming leadership shortly after the Bali conference in Indonesia this November. In a significant step in this direction, India will assume the G20 Presidency on December 1, 2022. The G20 Presidency offers a unique opportunity for India to contribute to the global agenda on pressing issues of international importance. The logo, theme, and website of the G20 Presidency would reflect India’s message and overarching priorities to the world.
The G20 is the premier forum for international economic cooperation, representing around 85% of global GDP, over 75% of global trade, and about two-thirds of the world population. During the course of its G20 Presidency, India will be holding about 200 meetings in 32 different sectors in multiple locations across the country. The G20 Summit to be held next year will be one of the most high-profile international gatherings to be hosted by India.
Prime Minister Narendra Modi on Tuesday unveiled the logo, theme, and website of India’s G20 presidency via video conferencing and said that the mantra for the G20 presidency will be “One Earth, One Family, and One Future.”
“India led the renewable energy revolution with one sun, one world, and one grid.” India strengthened the global health initiative with “One Earth, One Health.” “And now India’s theme for the G20 will be One Earth, One Family, One Future,” PM Modi said on Tuesday.
At the launch of the logo and website of India’s G20 presidency, Prime Minister Modi said, “I congratulate my countrymen on the historic occasion of India’s G20 Presidency.” Vasudhaiv Kutumbakam is a symbol of India’s compassion for the world. “Lotus portrays the cultural heritage and faith of India in bringing the world together.”
Prime Minister Modi acknowledged all previous governments’ efforts, as well as citizens’ efforts, to move India forward.
The Prime Minister noted that following independence, they commenced a journey to the heights of development. It includes the efforts of all governments in the last 75 years. “Every government and citizen had put in efforts to take India forward.”
India’s foreign policy has evolved to assume global leadership roles, guided by the Prime Minister’s vision.
India will hold over 200 G20-related meetings across the country during its presidency of the grouping, which will begin on December 1, 2022, and continue until November 30, 2023. The G20 Leaders’ Summit will be held in New Delhi on September 9 and 10 of 2023 and Bangladesh, Egypt, Mauritius, the Netherlands, Nigeria, Oman, Singapore, Spain, and the UAE will be the “guest countries” at the event, the Ministry of External Affairs (MEA) announced on September 13.
“India is currently part of the G20 Troika [the 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 that the troika would consist of three developing countries and emerging economies. “This would provide them with a more powerful voice,” said the Ministry of External Affairs in an official statement.
The announcement said the priorities of the upcoming summit are being “firmed up” and said discussion among all member countries will include issues related to “women’s empowerment, digital public infrastructure, health, agriculture, education, culture, tourism, climate financing, the circular economy, global food security, energy security, green hydrogen, disaster risk reduction and resilience, the fight against economic crime, and multilateral reforms.”
A major challenge of the G20 session in India will involve the ongoing crisis in Ukraine. This has vitiated relations between Russia and the industrialised nations of the West, most of which are members of the G20, which represents 85% of global GDP and 75% of international trade.
The history of the G20 countries spans twenty-three years. The G20 will promote discussion and will study and review policy issues among industrialized countries and emerging markets with a view to promoting international financial stability.
Member countries include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States, and the European Union.
The Managing Director of the IMF and the President of the World Bank, as well as the Chairpersons of the International Monetary and Financial Committee and the Development Committee of the IMF and World Bank, will fully participate in the discussions.
The creation of the G20 represents the next stage in the evolution of informal consultation among industrialized countries and emerging markets.
The year 2023 will be India’s prerogative to show the world what they mean by their theme, “One Earth, One Family, and One Future.” That would create better opportunities for the global population to overcome their perennial issues.
(www.liveindia.com)
<div class="views-lazy-load">Loading…</div>
© The Associated Newspapers of Ceylon Ltd., 1995–2022. All rights reserved.