India will hold the Presidency of the Group of Twenty (G20) from 1 December 2022 to 30 November 2023. The G20 is the premier forum for international economic cooperation, playing an important role in shaping and strengthening global architecture and governance on all major international economic issues.
Prime Minister Narendra Modi unveiled the logo, theme, and website www.g20.in of India’s G20 Presidency on Sunday. Addressing the gathering via video conferencing, the Prime Minister remarked that it is a historic opportunity for the country. G-20 is the premier forum for international economic cooperation, representing around 85% of the global GDP, over 75% of the worldwide trade, and about two-thirds of the world population. India takes it as a new responsibility and as the world trusts in it.
G20 India calendar will begin with the first Sherpa meeting from 4-7 December, in Udaipur, the first Development Working Group Meeting from 12-15 December in Mumbai; the first Finance & Central Bank Deputies Meeting from 13-15 December, and the first Framework Working Group Meeting of Finance Track from 16-17 December, both in Bengaluru. The events related to G-20 will not be limited to Delhi or a few places but programs will be held in every corner of the country. “Each of our states has its own characteristics, heritage, culture, beauty, aura, and hospitality”, Modi remarked.
G20 Finance Track discusses global macroeconomic issues through its meetings of finance ministers and central bank governors, their deputies, and various working group meetings. Some of the key issues being addressed by the Finance Track are global economic outlook and monitoring of global economic risks; reforms for a more stable and resilient global financial architecture; international taxation; financing quality infrastructure; sustainable finance; financial inclusion; financial sector reforms and financing for future health emergencies and investments in pandemic prevention, preparedness and response.
