What is G20 and what is India's role in it?

What is G20 and what is India's role in it?

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What is it? The G20 is an international forum of major economies addressing global economic and financial issues.

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G20 Members: Includes 19 countries and the EU, representing 85% of global GDP and two-thirds of the world’s population.

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G20 Purpose: Promotes global economic stability, sustainable development, and policy coordination.

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G20 Meetings: Annual summits by leaders, with regular meetings by finance ministers and officials.

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G20 History: Formed in 1999 after the Asian financial crisis; gained importance during the 2008 global financial crisis.

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India’s Role: A key member; hosted the 2023 Summit focusing on inclusive growth and sustainability.

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G20 Global Impact: Influences trade, climate policies, and financial stability worldwide.

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