G20 summit: India is expected to host the G-20 summit in New Delhi on September 9 and 10, 2023. The Ministry of External Affairs in a statement on Tuesday said India is scheduled to host over 200 G20 meetings across the country in a year.
The G20, or Group of Twenty, is an intergovernmental forum of the world’s major developed and developing economies. It comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA) and the European Union (EU). 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.
In addition to G20 Members, there has been a tradition of the G20 Presidency inviting some Guest countries and International Organizations (IOs) to its G20 meetings and Summit. Accordingly, in addition to regular International Organizations (UN, IMF, World Bank, WHO, WTO, ILO, FSB and OECD) and Chairs of Regional Organizations (AU, AUDA-NEPAD and ASEAN), India, as G20 Presidency, will be inviting Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain and UAE as Guest countries, as well as ISA (International Solar Alliance), CDRI (Coalition for Disaster Resilient Infrastructure) and ADB (Asian Development Bank) as Guest IOs.
Last week, President Draupadi Murmu had said that multilateral cooperation in the G-20 should be based on the principles of inclusion, flexibility, and diversity. The President expressed confidence that during India’s presidency, the G-20 Forum will move forward with an aspiration to make efforts to further strengthen multilateralism and global governance, in the direction of building a peaceful, sustainable and prosperous world for all.
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