HomeNewsBusinessIndia's G20 presidency draws to close

India's G20 presidency draws to close

The G20 member countries represent around 85 per cent of the global GDP, over 75 per cent of the global trade, and about two-thirds of the world population.

November 30, 2023 / 21:12 IST
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India also hosted a G20 virtual summit on November 22 that deliberated on taking forward key outcomes and action points firmed up at the annual summit.
India also hosted a G20 virtual summit on November 22 that deliberated on taking forward key outcomes and action points firmed up at the annual summit.

Induction of the 55-nation African Union as a permanent member of the G20, steps to address climate change and managing to produce a leaders’ declaration overcoming deep divisions over the Ukraine conflict were seen as major achievements of India’s presidency of the grouping of the world’s 20 big economies. As the year-long presidency comes to an end, foreign policy experts said the one-year period saw India boosting its global standing and cementing its position as a credible voice of the Global South.

India officially took charge as the G20 president on December 1 last year and Brazil is set to assume the prestigious position on Friday. "India cemented its position as a prominent voice of the Global South besides enhancing its overall global standing," said former diplomat Ashok Sajjanhar. In a significant milestone under India’s G20 presidency, the African Union in September became the new permanent member of the grouping of the largest economies of the world in the first expansion of the influential bloc since its inception in 1999.

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India was consistently batting for inclusion of the African Union as a G20 member to ensure representation of the African continent in the top global body. The African Union (AU) is an influential organisation comprising 55 member states that make up the countries of the African continent. As the G20 president, India focused on issues like inclusive growth, digital innovation, climate financing and equitable global health access to benefit the Global South or the developing countries.

In an opinion piece that appeared in several newspapers on Thursday, Prime Minister Narendra Modi said India’s approach was defined by being "inclusive, ambitious, action-oriented, and decisive" and the New Delhi Leaders’ Declaration (NDLD), unanimously adopted by all G20 members, is testimony to our commitment to deliver on these principles. "Assuming the G20 chair, India sought to offer the world an alternative to the status quo, a shift from a GDP-centric to human-centric progress. India aimed to remind the world of what unites us, rather than what divides us," he said.