INDIA’S G2O PRESIDENCY 2023 – INTERNATIONAL

News: Help us make G20 summit a success: PM Modi urges Delhiites

 

What's in the news?

       Prime Minister Narendra Modi urged the people of Delhi to help make the upcoming G20 Summit a success despite the inconvenience they might have to face due to the presence of several world leaders here next month.

 

Key takeaways:

       India is hosting the G20 Leaders' Summit 2023 for the first time in history, with 43 Heads of Delegation attending the final New Delhi Summit in September 2023, the most ever in the G20.

       Amitabh Kant is the G20 Sherpa of India.

       India is on a mission to create a shared global future with a rules-based order, peace, and just growth for all through its Amrit Kaal initiative.

 

Key takeaways:

1. Theme of India’s G20 presidency: 

       “Vasudhaiva Kutumbakam” or “One Earth - One Family - One Future”.

2. Troika: 

       During the presidency, the Troika would consist of Indonesia, India and Brazil. 

3. Invitees: 

       Other than the members and multilateral institutions, nine countries have been invited - Bangladesh, Netherlands, Oman, Singapore, Nigeria, Spain and the United Arab Emirates, Egypt, and Mauritius.

4. African representation: 

       To make G20 more inclusive, India has proposed to include the African Union as a full-time member.

 

Challenge for India presidency:

       In its various G20 meetings, India as a host, has been unable to draft a final joint statement acceptable to all members due to Russia-Ukraine tensions.

 

India's G20 Priorities:

1. Green Development, Climate Finance and Lifestyle for Environment (LiFE): 

       India's emphasis on combating climate change, with a focus on climate technology and finance, as well as ensuring equitable energy transitions for developing nations.

2. Accelerated, Inclusive & Resilient Growth:

       Focus on initiatives that could result in structural change, such as: assisting small and medium-sized businesses in international trade, advancing labour rights and welfare, addressing the global skills gap, and constructing inclusive agricultural value chains and food systems.

3. Accelerating progress on SDGs: 

       Recommitment to achieving the goals outlined in the 2030 Agenda for Sustainable Development, with an emphasis on addressing the COVID-19 pandemic's effects.

4. Technological Transformation and Digital Public Infrastructure: 

       Encouragement of a human-centric view of technology and increased knowledge exchange in areas like financial inclusion, digital public infrastructure and tech-enabled development in industries like agriculture and education.

5. Multilateral Institutions for the 21st century: 

       Efforts to reform multilateralism and build a more accountable, inclusive & representative global order capable of addressing the challenges of the twenty-first century.

6. Women-led Development: 

       In order to promote socio-economic development and the achievement of the SDGs, emphasis should be placed on inclusive growth and development, with a focus on women's empowerment and representation.

7. Multilateral Institutions for the 21st century: 

       Efforts to reform multilateralism and build a more accountable, inclusive & representative global order capable of addressing the challenges of the twenty-first century.

8. Women-led Development: 

       In order to promote socio-economic development and the achievement of the SDGs, emphasis should be placed on inclusive growth and development, with a focus on women's empowerment and representation.

 

Significance of India’s G20 Presidency:

1. India’s growing economic influence: 

       As the fastest-growing large economy, India’s role in the G20 is critical, and its presidency will help it further strengthen its economic ties with other G20 members.

2. India’s leadership on climate change: 

       India has been a strong advocate for climate action. As the world grapples with the challenge of climate change, India’s presidency can help set the tone for global cooperation on this issue.

3. India’s focus on inclusive growth: 

       By prioritising inclusive growth, India’s presidency will focus on issues such as infrastructure development, job creation and women’s empowerment.

4. India’s strategic importance: 

       The presidency of the G20 will provide a platform for India to engage with other major powers, including the United States, China and Russia, on issues of global importance.

 

5. Becoming the voice of Global South: 

       By holding the meeting of the Global South countries along with G20 meetings, India has become the voice of the erstwhile sidelined Global South.

6. India’s role in quality healthcare: 

       India has played a leading role in ensuring that developing and low-income countries have access to vaccines, financing, and other resources they need to recover from the pandemic.

       Thus, India can ensure universal, quality, and affordable health services.