Moneycontrol
HomeNewsOpinionDelhi G20 Summit: The promise that is India

Delhi G20 Summit: The promise that is India

Indian diplomacy scored many victories at the G20 summit from getting the warring parties in Ukraine to agree on a joint statement, enabling African Union’s admission into G20, announcement of the India-Middle East-Europe Economic Corridor, and launch of the Global Biofuel Alliance

September 10, 2023 / 18:31 IST
Story continues below Advertisement

The summit was a moment of triumph for Indian diplomacy.

History has been made at the G20 summit in Delhi. As late as on Friday evening there was uncertainty and speculation in Delhi if a consensus statement would be achieved. It is a proud moment for India and an achievement of Indian diplomacy.

Conceived in 1999 in the aftermath of a series of economic crises engulfing the world, the G20 as an influential economic bloc was intended to address issues related to the global economy. Over the years, however, differences have not just surfaced but fault-lines have deepened with the result that currently there is a sharp divide between the US and the European Union on one hand, and Russia and China on the other with the Ukraine war exacerbating these tensions.

Story continues below Advertisement

Simultaneously, tensions are high between India and China with an impasse continuing since the Galwan clashes of 2020. The fact that Russian President Vladimir Putin gave the summit a miss, sending his Foreign Minister Sergei Lavrov instead, and Chinese President Xi Jinping too skipping the summit when he has attended every G20 summit till now, is a good barometer of the tensions riddling the grouping. The task before India’s current presidency of the G20 themed “One Earth, One Family, One Future”, was, therefore, humongous.

Striking A Delicate Balance On Ukraine