On Tuesday, Prime Minister Narendra Modi introduced the website, theme, and logo for India’s G20 presidency. The logo features a lotus and the phrase “One Earth, One Family, One Future,” which is written in Sanskrit as vasudhaiva kutumbakam.
India will host the 18th G20 Summit in 2024 and occupy the G20 Presidency from 1st December 2022 to 30 November 2024. Since it would be the most important international event that India has ever hosted, this Presidency is the first chance for India to demonstrate its leadership potential. Before hosting the International Solar Alliance Summit in 2018, India held the NAM and CHOGM Summits in 1983. They did not, however, include all of the P5 and important nations.
The length of the G20’s planned year and the scope of its distribution remain unmatched. Additionally, India will preside over the UN Security Council in December 2022 and the SCO from September 2022 to September 2024.
What does the G20 logo signify?
The prime minister claimed that the emblem also conveys a message and a resolve. “This G20 logo is more than simply a sign; it conveys a message and an emotion that courses through us. It is a resolve that is currently being considered, the prime minister stated.
A disruptive once-in-a-century epidemic, conflicts, and significant economic uncertainties are still being felt around the world. In these trying times, hope is symbolised by the lotus in the G20 logo. No matter the circumstances, the lotus still blossoms, according to PM Modi.
India, the “mother of democracy,” will take steps to ensure that “there is no first world or third world, but only one,” Prime Minister Modi declared.
The emblem, the prime minister explained, represents our conception of Vasudhaiva Kutumbakam (the entire globe is a family), on account of which India has always been a proponent of world peace. “Our Puranic heritage, our Aastha (belief), and our Buddhist (intellectualism) are symbolised by the lotus flower,” he remarked.
G20 and Presidency of India
In 1999, against the backdrop of the late 1990s financial crisis that mostly affected East Asia and Southeast Asia, the G20 was established. Middle-income nations were encouraged to participate to ensure global financial stability. Australia, Brazil, China, France, Germany, India, Japan, the Republic of Korea, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US, and the EU are some of its important members. Spain is welcomed as a frequent visitor.
The G20 is the leading platform for worldwide economic cooperation, representing over two-thirds of the world’s population, over 75% of global trade, and a little over 85% of the world’s GDP.
Throughout its G20 Presidency, India will host 200 meetings in 32 distinct industries at various venues all over the country. One of the most important international events to be hosted by India will be the G20 Summit, the Press Information Bureau (PIB) announced in a press statement on Monday.
Every year, members of the G20 rotate holding the presidency. To maintain the G20 agenda, the country in the presidency, along with the previous and following presidency-holders, form the “Troika.” The troika will consist of Brazil, Indonesia, and India during India’s presidency. The troika would include three developing nations and rising economies for the first time, according to a previous statement from the Ministry of External Affairs.
How does the G20 work?
There is no permanent secretariat for the G20. The G20 representatives, referred to as “Sherpas,” collaborate with the finance ministers and central bank governors to coordinate the agenda and activities. Amitabh Kant, a former CEO of NITI Aayog, has been named as India’s replacement for Piyush Goyal as the G20 Sherpa.
The G20 Finance Ministers and Central Bank Governors started holding meetings to discuss the reaction to the global financial crisis that happened at the suggestion of the G7 Finance Ministers, according to the G20 website. An annual gathering of finance ministers has occurred since 1999.
The first G20 Summit was held in Washington, DC, in 2008. In addition to Summits, various activities are planned all year long, including Sherpa meetings (which aid in discussions and the creation of consensus). The presidency invites visitor nations each year.
What matters will be prioritised?
India will identify, emphasise, develop, and strengthen international support for priorities that are of the utmost importance in a variety of social and economic sectors, including employment, tourism, anti-corruption, and women’s empowerment, as well as in focus areas that have an effect on the most disadvantaged and vulnerable people. These sectors include energy, agriculture, trade, the digital economy, health, and the environment.
This was stated by Harsh V Shringla, India’s Chief G20 Coordinator and former Foreign Secretary while addressing a meeting titled ‘G20@2023-The Roadmap to Indian Presidency’ organised by the Indian Council of World Affairs, India’s leading think tank, earlier this week.
“We are currently working on priorities for our G20 Presidency. Several inter-ministerial meetings have been convened by the G20 Sherpa to coordinate on action areas,” Shringla pointed out while noting that India’s vision for the global development agenda is shaped by the rapid transformation of its economy and society launched by the Prime Minister, particularly green and digital transformations.
Why is the G20 a golden opportunity for India?
The G20 is significant for India since it unites all the G7 nations, all the BRICS nations, and the five permanent members of the UN Security Council. The G20 member countries collectively represent two-thirds of the world’s population, 75% of global trade, and 85% of the world’s GDP.
The G20 Presidency would provide an opportunity for India to demonstrate its leadership in a variety of sectors, including climate action and commitments, an area in which India achieved great advancements. “During our presidency, we would work with other G20 partners to implement measures that bolster developing nations’ ability to deal with health emergencies like the Covid19 pandemic.
The G20 presidency of India will advance initiatives to develop a comprehensive, global health architecture that can better respond to future health emergencies like the epidemic. According to Shringla, the G20 must seek to build resilient societies following pandemics.
The Secretary for the Ministry of Personnel, Public Grievances and Pensions, V. Srinivas, also provided his perspective on his study of “G20 @2023-The Roadmap to Indian Presidency.” “The Indian Presidency of the G20 would mark one of the most important turning points in Indian democracy.
It is often believed that India is responsible for stabilising a severely split multipolar world and creating more comprehensive global responses to the issues in times of multilateralism crises. Additionally, Srinivas advised that the G20 send strong signals to decarbonize the economy and keep up the fight against the climate change challenge.
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