G20 Summit 2023 in Delhi India

Introduction – The Group of Twenty (G20) is the premier forum for international economic cooperation. It plays an important role in shaping and strengthening global architecture and governance on all major international economic issues. India holds the Presidency of the G20 from 1 December 2022 to 30 November 2023.

G20 Members – The Group of Twenty (G20) comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom and United States) and the European Union. The G20 members represent about two-thirds of the world population.

G20 Logo – The G20 Logo draws inspiration from the vibrant colours of India’s national flag – saffron, white and green, and blue. It juxtaposes planet Earth with the lotus, India’s national flower that reflects growth amid challenges.

G20 Theme – The theme of India’s G20 Presidency – “Vasudhaiva Kutumbakam” or “One Earth • One Family • One Future” – is drawn from the ancient Sanskrit text of the Maha Upanishad.

How G20 works – The G20 Presidency steers the G20 agenda for one year and hosts the Summit. The G20 consists of two parallel tracks: The Finance Track and the Sherpa Track. Finance Ministers and Central Bank Governors lead the Finance Track while Sherpas lead the Sherpa Track after Finance Track. In addition, there are Engagement Groups which bring together civil societies, parliamentarians, think tanks, women, youth, labor, businesses and researchers of the G20 countries.

Troika – The Group does not have a permanent secretariat. The Presidency is supported by the Troika – previous, current and incoming Presidency. During India’s Presidency, the troika will comprise Indonesia, India and Brazil, respectively.

Year 2023 – The G20 Summit, of which India is hosting the presidency for the year 2023, is scheduled in Delhi for September 8, 9 and 10. The event is aimed to bring together G20 member countries along with guest nations to participate in discussions about diverse economic reforms. Prime Minister Narendra Modi is scheduled to address the Business 20 (B20) Summit India 2023, the official G20 dialogue forum with the global business community, in Delhi on Sunday.

Venue – The event will take place at the BHARAT MANDAPAM revamped India Trade Promotion Organization (ITPO) complex, erstwhile Pragati Maidan. It has been built at a cost of Rs 2,700 crores and constructed within an area of 123 acres.

Open for discussion –
1. Advancing Green Growth, Climate Finance, and Quality of Life.
2. Promoting Rapid, Inclusive, and Adaptable Economic Expansion. Expediting Progress towards the Sustainable

Development Goals (SDGs).
3. Navigating Technological Transformations and Developing Digital Public Infrastructure.
4. Reforming Multilateral Institutions to Suit the 21st Century.
5. Fostering Development under Women’s Leadership.

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