India will hold the presidency of the G20, or Group of Twenty, from December 1, 2022 to November 30, 2023. This marks the second time that India has held the G20 presidency, with the first time being in 2021.
The G20 is an international forum for the governments and central bank governors from 20 major economies. Its members include 19 countries and the European Union, representing 85% of the global economy and two-thirds of the world’s population. The G20 was formed in 1999 in the wake of the Asian financial crisis as a way for the world’s largest economies to work together to address global economic challenges.
As the G20 presidency, India has outlined a number of priorities for the group, including:
- Inclusive and Sustainable Growth: India has emphasized the need for the G20 to focus on inclusive and sustainable growth, particularly in the wake of the COVID-19 pandemic. This includes prioritizing the needs of small and medium-sized enterprises, as well as promoting digital infrastructure and innovation.
- Climate Change and Environmental Sustainability: India has also placed a strong emphasis on addressing climate change and promoting environmental sustainability. This includes promoting the use of clean and renewable energy, as well as implementing policies that address the negative impacts of climate change.
- Health and Healthcare: India has prioritized the importance of improving global health and healthcare systems, particularly in the wake of the COVID-19 pandemic. This includes efforts to increase access to vaccines, as well as promoting research and development in the field of health.
- Women’s Empowerment: India has also emphasized the importance of empowering women, including through the promotion of gender equality and the inclusion of women in the workforce.
In addition to these priorities, India has also focused on issues such as trade and investment, the digital economy, and food security.
As the G20 presidency, India has the opportunity to shape the agenda and focus of the group, and to work with other member countries to address global economic and social challenges. The country’s presidency is seen as an important opportunity for India to showcase its leadership on the world stage and to promote its priorities and values.