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India to host G20 Summit in 2023
Kind: ICD What's New  Organization: Department of International Cooperation  Publish Date: 2022-09-28 16:33
According to a press release from India's Ministry of External Affairs on September 13, India will assume the Presidency of the G20 for one year from December 1st 2022 to November 30th 2023. Under its Presidency, India is expected to host over 200 G20 meetings across the country, beginning this December. The G20 Leaders' Summit is scheduled to be held on September 9th and 10th 2023 in New Delhi.

The G20 comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA) and the European Union (EU). Collectively, the G20 accounts for 85% of global GDP, 75% of international trade, and two-thirds of the world population, which makes it the premier forum for international economic cooperation between the world's major developed and developing economies.

In addition to the G20 Member States, there has been a tradition of the G20 Presidency inviting some guest countries and international organizations (IOs) to its G20 meetings and Summit. Some experts noted that the G20 events will provide platforms for bilateral ventures that not only open up trade opportunities but also help sustain investments in the core areas for Indian businesses.

While the G20 priorities are in the process of being firmed up, the ongoing conversations revolve around inclusive, equitable, and sustainable growth, LiFE (Lifestyle For Environment), women's empowerment, and digital public infrastructure. Some other key topics include tech-enabled development, climate financing, circular economy, global food security, energy security, green hydrogen, disaster risk reduction and resilience, the fight against economic crime, and multilateral reforms.


Sources:
1. Economic Division, Taipei Economic and Cultural Center in India
2. Ministry of External Affairs, Government of India / 2022.09.13 / India's forthcoming G20 Presidency
3. Business world / 2022.09.26/ India's G-20 Presidency: Opportunity In Uncertain Time
4. The Hindu / 2022.09.07/ India eyes IMF support ahead of the G20 presidency
5. The Hindu / 2022.09.22/ India to host G20 Summit in 2023
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Update: 2020-04-23
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