G20 AND ITS SIGNIFICANCE IN

THE LIGHT OF INDIA'S

PRESENT ROLE
What is G-20?
 The G20 or Group of 20 is an intergovernmental forum comprising 19 countries and
the European Union (EU).

 It works to address major issues related to the global economy, such as international
financial stability, climate change mitigation and sustainable development.

Members of G-20
 The Group of G20 (G20) comprises Argentina, Australia, Brazil, Canada, China, France,
Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi
Arabia, South Africa, Turkey, United Kingdom, the United States and the European
Union.

 In addition to these member countries, the G20 each year invites guest countries and
international organizations such as the United Nations, World Bank, IMF, OECD, ASEAN
etc. to participate in its meetings.
Features of G-20
 These members account for around 85% of the world GDP, 75% of the total international trade and two-thirds
of the global population.

 The G20 is composed of most of the world’s largest economies including both industrialized and developing
nations.

 The 2023 G20 New Delhi summit was the eighteenth meeting of G20 (Group of Twenty). It was held in
Bharat Mandapam International Exhibition-Convention Centre, Pragati Maidan, New Delhi on 9–10
September 2023. It was the first G20 summit held in India.

Structure of G-20
G-20 does not have a charter or secretariat-The G-20
presidency is supported by the Troika, which includes
the previous, current, and incoming presidencies. The
G20 Presidency hosts the Summit and directs the
agenda for a calendar year.
Objectives of G-20

 Policy coordination between its members in order to achieve global economic stability,
sustainable growth
 Promote financial regulations that reduce risks and prevent future financial crises
 Create a new international financial architecture.
 Develop common vision to tackle challenges like climate change, environment
sustainability, corruption and energy crisis.

India’s agenda for 18th G-20 summit (9–10 September 2023)

 Green Development, Climate Finance & Lifestyle for Environment (LiFE)
 Accelerated, Inclusive & Resilient Growth
 Accelerating progress on Sustainable Development Goals (SDGs)
 Technological Transformation & Digital Public Infrastructure
 Multilateral Institutions for the 21st century
 Women-led development
What is the importance/significance of G-20?

 Increase foreign investment in India

 Promote trade liberalization

 Improve financial regulation

 Address climate change

 Develop infrastructure

 Improve education and healthcare

 Reduce poverty
What is the G20 logo and its
significance?

 The goal of One Earth, One Family, One Future

has become symbolic of an interconnected
world. This is the true realization of the concept
of vasudhaiva kutumbakam. Through the G20
summit, the world got to witness India's multi-
faceted and multi-layered development model
based on development, diversity and
democracy.