Following the Asian financial crisis, the G20 was formed in 1999 to foster communication among the 20 largest developed and developing economies in the world regarding how to prevent future financial crises, modernise the international financial system, foster economic stability, and achieve sustainable growth. In order to handle the world financial crisis that year, it was elevated to the level of heads of state and government in 2008. The G20 countries account for around 85% of the world’s GDP, 75% of commerce, and two-thirds of its population. For India, holding the presidency of such a prominent group is a source of immense pride.
India’s president will be inclusive, ambitious, practical, and decisive, Prime Minister Narendra Modi has emphasised. Accelerated, inclusive, and resilient growth, rapid progress toward the SDGs, technological change, digital public infrastructure, green development, strengthening international institutions for the 21st century, and women-led development are among India’s G20 priorities. India organised a virtual Voice of the South Summit from January 12u201313 in order to better represent the interests and viewpoints of the developing nations.
Video Courtesy: ANI News
The celebration of India’s G20 presidency will take place all across the country, not just in Delhi. The globe is extremely curious and interested in India’s developing economy, which is currently the fifth largest economy and will hold the third position in around five years.
India will hold more than 200 sessions in 32 separate work streams across around 50 cities. On December 5, the G20 sherpas convened their first meeting in Udaipur, which focused on technical advancement and sustainable development. The First Health Working Group is now convening in Thiruvananthapuram, the First Infrastructure Working Group met in Pune on January 16u201317, and the First Finance, Food, and Energy Security Working Group will meet on January 30u201331 in Chandigarh. The Sustainable Finance Working Group will convene in Guwahati, the Education Working Group will meet in Chennai, and the Employment Working Group will meet in Jodhpur all in February.
The majority of the G20 representatives attending these sessions will be senior officials and subject matter experts. They will have a fantastic opportunity to learn about the state governments’ progress, upcoming projects, novel policies, and initiatives under consideration. They would be highly interested in India’s use of digital technologies to enhance the ease of doing business, financial inclusion, banking, e-commerce, delivery of government services, and empowerment of women. India will have the chance to exhibit its historic civilisation, thriving democracy, and cultural variety during its G20 presidency. The delegates will have a great deal of interest in visiting tourist attractions. The success of Indiau2019s G20 presidency will require the co-operation and active participation of all its citizens in this truly national endeavour.
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