In a historic moment, India assumed the G20 Presidency from Indonesia on 1st December 2022.
India is all set to assume the presidency of G20 countries for 2023 from 1st December 2022. India will host more than 200 meetings at over 50+ locations across the country.
The Finance Track will focus on key issues such as financing for infrastructure, financing for health care, financial sector policy changes, and financing for sustainable growth under the eight working groups.
The Sherpa Track will focus on thirteen issues like anti-corruption, agriculture, the digital economy, and climate change and two initiatives – G20 EMPOWER (This initiative aims to empower women and accelerate their leadership in the private sector by leveraging alliances between business leaders and G20 countries) and RIIG (Research and Innovation Initiative Gathering aims to enhance and strengthen research and innovation collaboration among the G20 member countries).
Finally, the eleven Engagement Groups, consisting of non-government participants from G20 member countries, will provide towards the policy recommendations.
Building on the idea propagated by India’s age-old spiritual traditions, G20 presidency will function around the principles of the universal sense of one-ness – ‘One Earth, One Family, One Future’ – based on the adage Vasudhaiva Kutumbakam, meaning ‘that all of the world, universe or reality is one’.
The presidency’s agenda further highlights the need to work together on a global level rather than restoring to wars and fighting for survival.
There will focus on greatest challenges that the world faces today – climate change, terrorism, endemics, and pandemics – and how they can be resolved not by fighting but, rather, by supporting each other
There will also a key focus on the use of technology to formulate digital solutions which can be implemented at a global level to create lasting and meaningful changes.
India’s Presidency is all about human-centric globalisation and is expected to have large-scale impact on the intergovernmental policy formulations and discussions that will influence the New World order and set the global post-pandemic economic agenda.