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G20 | G20 summit | G20 nations
Business Standard Editorial Comment |
Last Updated at July 18, 2022 22:07 IST
https://mybs.in/2ax7Dhu
In just a few short months, India will be taking over from Indonesia the presidency of the Group of 20 (G20) nations. This presidency comes at a fraught moment internationally. The Russian invasion of Ukraine and consequent Western sanctions have sent up the prices of food, fuel, and commodities; inflation and debt have skyrocketed. The effects of the pandemic itself are far from being done with. And the freezing relations between Moscow and Western capitals have rendered the G20 even more divided than it was previously. Nevertheless, it remains the only effective multilateral game in town, and India must shoulder its responsibility as president. It will also be noted that India’s G20 year, 2023, will conclude with a Leaders’ Summit, which will be just a few months before the Lok Sabha election of 2024.
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First Published: Mon, July 18 2022. 22:07 IST
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