India will take the presidency of the G20 from December and host the summit of leaders of the world’s twenty largest economies in New Delhi during September 9-10, 2023. Under its Presidency, India is expected to host more than 200 preparatory and other meetings across the country, starting in December this year. Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain, and the UAE will be the “guest countries” at the event, the Ministry of External Affairs announced on September 13. India is set to take over the presidency of G20 for a year from Indonesia, which is set to host the summit in November. A drill is already underway to identify appropriate venues in places ranging from Tamil Nadu to the Union Territory of Jammu and Kashmir for all these meetings.
Indonesia has invited the Russian and Ukrainian presidents to the G20 Summit in Bali from November 15-16.
The Group of Twenty is an intergovernmental forum of the world’s major developed and developing economies. It comprises 20 countries- Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US, and the European Union (EU).
The G20 collectively accounts for 85% of the global GDP, 75% of international trade, and two-thirds of the world population, making it the premier forum for international economic cooperation. India is currently a part of the G20 Troika, which comprises the current, previous, and incoming presidencies and includes Indonesia, Italy, and India. During India’s presidency, the troika will include India, Indonesia, and Brazil. This will be the first time that the troika will consist of three developing countries and emerging economies.
In addition to regular international organizations such as the UN, IMF, World Bank, WHO, WTO, and ILO and chairs of regional organizations such as ASEAN, India will also invite the International Solar Alliance, Coalition for Disaster Resilient Infrastructure, and Asian Development Bank as guest international organizations during its presidency.
