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Everything You Need To Know About The G20 Summit In New Delhi

The Group of Twenty (G20″) is a club of countries who meet every year to discuss plans for the world economy. G20 is made up of 19 of the world’s largest economies plus a representative from the European Union. The location for the summit changes every year.

G20 Summit In New Delhi

Leaders from all over the world met up in New Delhi, for the G20 summit on September 9-10, 2023. The main purpose of the meeting is for world leaders to get together and to talk about the world’s economies and the issues countries are facing. Some of the key issues are the ongoing recovery after the Covid-19 pandemic, the cost of living crisis, the war in Ukraine and climate change.

New Delhi underwent a makeover to welcome foreign delegates for the G20 summit. The capital has been decorated with ornamental flowers and fountains at traffic roundabouts, while public buildings and pavements were given a fresh coat of paint. The summit was held at the newly inaugurated Bharat Mandapam, Pragati Maidan. India assumed the G20 presidency on December 1 last year and about 200 meetings related to G20 were organ-ised in 60 cities across the country.

Also read, G20 Summit: India’s Role in the 2022 Summit

Theme Of G20 Summit

India’s G20 theme is derived from the Sanskrit phrase, “Vasudhaiva Kutumbakam” (or the world is a family). According to the organisers, the theme is drawn from an ancient Sanskrit text. The phrase highlights the “value of all life, human, animal, plant, and microorganisms – and their interconnectedness on the planet Earth and in the wider universe”.

G20 Leaders Who Attended The Summit 

G20 Summit 2023: Special Invitees

  1. Bangladesh
  2. Egypt
  3. Mauritius
  4. Netherlands
  5. Nigeria
  6. Oman
  7. Singapore
  8. United Arab Emirates

World leaders That Did Not Attend The G20 Summit

  1. Xi Jinping – President, China
  2. Vladimir Putin – President, Russia
  3. Pedro Sánchez – President, Spain
  4. Andrés Manuel López Obrador – President. Mexico

Prime Minister Narendra Modi also handed over the G20 presidential gavel to Brazilian President Luz Inacio Lula da Silva. Brazil will host the next G20 meeting in 2024.

Key Outcomes Of G20 Summit In Delhi 

1. G20 Becomes G21

The African Union has been admitted as a new member of the G20. The African Union represents 55 African countries

2.An agreement was reached by the world leaders and the New Delhi Declaration was adopted. The New Delhi Declaration covered many aspects and also talked about points on Russia’s invasion of Ukraine, global fight against corruption, global health, improvement in education, and better preparedness for future global health events like the Covid pandemic.

3.Global Biofuels Alliance has been launched. This Alliance will try to facilitate cooperation and the use of sustainable biofuels, including in the transportation sector. The Alliance has started with nine member countries – India, the US, Brazil, Argentina, Bangladesh, Italy, Mauritius, South Africa, and the United Arab Emirates. Canada and Singapore are observer countries.

4. The leaders also agreed to triple global renewable energy capacity by

2030. Britain has committed $2 billion to the Green Climate Fund to help developing countries cope with the climate crisis. The green climate fund is the biggest single commitment the UK has made to help the world address climate change.

Fun Facts About G20 Summit New Delhi 2023:

Delhi is home to troops of wild monkeys. To ensure the monkeys do not disturb the important guests during the G20 Summit, officials had set up cardboard cut-outs of larger langur predator monkeys in the hope it will keep the monkeys away. More than 30 voice actors were also employed to stand behind the cut-outs and make the intimidating sounds of langur monkeys screaming and hooting.

The World’s Tallest Nataraja statue was installed at the G20 Summit Venue. The 27 foot tall Natraja statue portrays Lord Shiva in his cosmic dance. It weighs 18 tons and was made by artisans from Swamimalai in Tamil Nadu.

Indian President Droupadi Murmu hosted the G20 dinner for 170 guests on September 9 at the hall of Bharat Mandapam, the venue of the summit.

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G20 Summit: India’s Role in the 2022 Summit

What is a G20 Summit? 

G20 Summit is an annual forum conducted for international economic cooperation among major countries. G20 stands for ‘group of twenty’ in which member nations represent 80% of the world’s GDP, 60% of the world’s population, and 75% of international trade. The first G20 summit took place in 1999 and has since been held annually with all member nation leaders in attendance.

History of the G20 Summit’s Origins

The G20 alliance was formed in 1999 with the idea of discussing policies that would bring about international financial stability among member nations. The organization was formed with the idea of tackling the global economic crisis that took place during 1997-1999 by inviting middle-income countries and having a systematic influence on the economy. The G20 Finance Ministers and Central Bank Governors started to hold meetings on the advice of G7 Finance Ministers to discuss the impact and resolution of the global financial crisis. Consequently, these meetings went on to be held regularly every year.

The first G20 Summit was held on November 14-15, 2008 to discuss the impact and response to the severely hit global economic downfall in the US. The G20 Finance Ministers and Central Bank Governors meet on several occasions throughout the year to prepare for the annual summit.

Also checkout, India’s Republic Day: History And Celebrations

All You Need To Know About the 17th 2022 G20 Summit

Who are the Member Countries?

The permanent G20 members are Argentina, Brazil, Saudi Arabia, China, Italy, France, Germany, Japan, India, Indonesia, Mexico, the Republic of Korea, Canada, Russia, Australia, Turkey, South Africa, the United States, the United Kingdom, and the European Union.

Every year, a guest country is invited by the Presidency to take part in the G20 exercises. Spain has been invited as a permanent guest to future summits. Many international and regional organizations also participate each year, which gives the forum a representation on a much larger scale.

What is the goal?

The Presidency for the annual summit rotates every year from country to country. The member country holding the presidency for the particular area works together with the predecessor and the successor, known as Troika, to maintain continuity. 

This year’s Troika members are Italy, Indonesia, and India. The plans and coordination regarding the summit are organized and completed by personal representatives of the G20 leaders.

Indonesia is holding the Presidency for the 17th G20 Summit, 2022, and will focus on the following three pillars: 

  1. Global Health Architecture
  2. Digital Transformation
  3. Sustainable Energy Transition

Indonesia aims to tackle the issue of equitable distribution of COVID-19 vaccines, promoting inclusive and sustainable economic development through more active participation of MSMEs and the digital economy. And also, to encourage international cooperation to reform the global taxation system, fight corruption, and strengthen infrastructure financing.

What were the key takeaways from the 2022 G20 Summit?

  • Prime Minister Narendra Modi was in attendance at the 17th G20 Summit in Indonesia. 
  • PM Modi shared that the discussions with French President Emmanuel Macron were focused on boosting Indo-France cooperation in defense, nuclear energy, and food security.
  • As the Indian Prime Minister took over the presidency in Bali, he shared that India will be hosting the G20 meetings in various Indian cities and states, making G20 a catalyst for global change.
  • The G20 declarations in Bali also emphasized that most member nations strongly condemn the Russia-Ukraine war differences. 
  • Most members agree on the fact that the Ukraine war is restricting global growth, increasing inflation, and heightening energy and food insecurity.
  • Narendra Modi also shared the discussions he had with the newly elected UK Prime Minister Rishi Sunak, on “ways to increase commercial linkages, raise the scope of security cooperation in the context of India’s defense reforms, and make people-to-people ties even stronger.”

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