Detailed Overview of Priorities of India’s G20 Presidency

Priorities of India’s G20 Presidency

India gathered the G20 leaders' Summit for the first time in 2023, as 43 Heads of Delegations the biggest ever in the G20 participated in the last New Delhi summit in September. As a nation focused on democracy and multilateralism, India's presidency has been a significant achievement as it looks to track down global solutions for the benefit of all and exemplify the possibility of "Vasudhaiva Kutumbakam," or "the world is one family."

The G20 Summit is held every year with a rotating presidency and in 2023, India held the presidency. The group doesn't have a permanent secretariat and is upheld by the past, current, and future holders of the presidency, known as the troika. In 2023, the troika comprises of Indonesia, Brazil, and India. This summit concluded with a series of meetings over time, with potential host urban cities for meetings from December 2022 to February 2023 including Bengaluru, Kolkata, Lucknow, Mumbai, Pune, Rann of Kutch, Surat, Thiruvananthapuram, Chandigarh, Chennai, Guwahati, Indore, Jodhpur, Khajuraho, and Udaipur.

Vasudhaiva Kutumbakam, which means "One Earth, One Family, One Future," is the theme of India's G20 presidency. It is propelled from the Maha Upanishad, an old Sanskrit scripture. The theme essentially features the significance of all life — human, animal, plant, and microorganism — as well as their interdependence on the planet and across the universe. The theme likewise represented LiFE (Lifestyle for Environment), which features the significance of earth's sustainable and responsible lifestyle decisions, both at the individual and national level, in making a cleaner, greener, and bluer future.

The G20 Presidency likewise proclaims for India the beginning of "Amritkaal," a 25-year time span commencing from the 75th anniversary of its independence on August 15, 2022, paving the way to the centenary of its independence.

India's Presidency of the G20 is an exceptional gathering for worldwide economic cooperation, comes at a critical juncture. It offers New Delhi the valuable chance to revise, reform and redesign development collaboration and set the plan towards directing assets for accomplishing the SDGs. India could likewise utilize its Presidency to use its extraordinary improvement organization model and offset China's growing impact in worldwide development cooperation. Both China and India assume a vital part in molding the worldwide economic disclosure and political dynamic, giving alternative sources of supporting to developing countries. Nonetheless, various conventional Western donor nations as well as some in the worldwide South, including India, are finding it difficult to handle the developing Chinese presence.

Priorities in India's G20

Green Development, Environment Finance, and LiFE

India's emphasis on environmental change, with a specific emphasis on environment finance and technology, as well as guaranteeing just energy transitions for developing nations. Introduction of the LiFE movement, which advances environmentally-conscious practices and depends on India's sustainable traditions.

Accelerated, Inclusive & Resilient Growth

focus on regions that have the potential to bring primary change, including supporting small and medium-sized enterprises in worldwide trade, promoting labor rights and government assistance, tending to the worldwide skills gap, food systems and building inclusive agricultural value chains.

Accelerating Progress on Sustainable Development Goals

Recommitment to accomplishing the objectives set out in the 2030 Plan for sustainable development, with a specific focus on addressing the effect of the COVID-19 pandemic.

Technological Change and Digital Public Infrastructure

Promotion of a human-driven approach to technology and increased information sharing in regions like digital public infrastructure, financial inclusion, and tech-empowered development in areas like agriculture and education.

Multilateral Organizations for the 21st Century

Endeavors to change multilateralism and make a more responsible, inclusive, and representative international system that is good for addressing 21st-century challenges.

Women-led development

Emphasis on inclusive growth and development, with an emphasis on women's empowerment and representation to help socio-economic development and the accomplishment of Sustainable Development Goals.