Overview of G20

 

                       
           

About G20

G20Abot G20About G20

The G20, sometimes known as the Group of 20, is an intergovernmental organization made up of 19 independent nations as well as the European Union and the African Union. It strives to address important global economic concerns like international financial stability, reducing greenhouse gas emissions, and sustainable development.

Promotion to the Level of Leader

In the midst of the world financial and economic crisis of 2007, the G20 was elevated to the status of Heads of State/Government, and in 2009 it was named the "premier forum for international economic cooperation."

Annually, the G20 Summit is conducted with a rotating Presidency in charge. The G20's agenda has now been expanded to cover topics including trade, sustainable development, health, agriculture, energy, environment, climate change, and anti-corruption. The G20 initially concentrated mostly on broad macroeconomic issues.

As 43 Heads of Delegation—the most ever in the G20—will attend the final New Delhi Summit in September of this year, India will host the G20 Leaders' Summit for the first time in 2023. As a country dedicated to democracy and multilateralism, India's presidency will mark an important turning point as it works to advance "Vasudhaiva Kutumbakam," or "the world is one family," and develop workable global solutions for everyone.

India will serve as the G20 Summit's rotating chairmanship in 2023. The summit is held yearly. The troika, or past, present, and future presidents, provide assistance for the organisation, which lacks a dedicated secretariat. The troika in 2023 consists of