G20 India who is invited, what happed And Complete Knowledge of G20 Summit in India
The G20 summit in India in 2023 will be a significant international occasion that will bring together the heads of the 20 greatest economies in the world to discuss and work together on a number of global concerns. The summit will take place from September 9 to 10, 2023, in New Delhi, the Indian capital. The G20 summit will be held for the first time in South Asia and will be hosted by India for the first time.
G 20 INDIA INSHORT AND Which country is Invited In India ?
The G20 (Group of Twenty) is an informal forum for the heads of state and governors of the central banks of 19 nations, including the European Union (EU), who collectively account for over 80% of the global GDP, 75% of trade, and 60% of the world's population. In reaction to the Asian financial crisis, the G20 was formed in 1999 with the goal of fostering greater financial stability and collaboration globally. Following the global financial crisis, the G20 began holding meetings at the level of finance ministers and central bank governors. However, starting in 2008, it has also hosted yearly summits at the level of heads of state and government.
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| G 20 summit in India 2023 |
The G20 consists of the following countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Republic of Korea, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United States, and the EU. According to a structure that guarantees a balanced representation of various regions and economic groups, the G20 leadership is rotated annually among its members. The presidency organizes the meetings and sets the agenda for the year. Additionally, the G20 process is open to guest nations and international organizations, according to the presidency.
The G20 has developed throughout time to cover a variety of global concerns, including development, climate change, health, energy, trade, digitization, and terrorism. In addition to economic and financial issues, the G20 now also addresses a wide range of other topics. The G20 functions through a number of ministerial and working group meetings held throughout the year, as well as engagement groups that represent diverse societal stakeholders and sectors. The leaders' declaration, which compiles the pledges and initiatives that the leaders at each summit agreed upon, is the primary result of the G20 process. The G20 also creates several publications and studies that represent its research and suggestions on a range of subjects.
The G20 has been credited with being instrumental in coordinating international responses to significant crises and challenges, including reducing the effects of the global financial crisis, enhancing international financial regulation, promoting inclusive growth and sustainable development, moving multilateral trade negotiations forward, securing funding for climate action and pandemic preparedness and response, as well as fighting terrorism and corruption. The G20 has additionally come under fire for lacking credibility, responsibility, openness, efficiency, and representation of poor nations and civil society.
Presidency of INDIA G20 :-
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| G 20 modi |
The Indian Prime Minister Narendra Modi will preside over the G20 conference in India in 2023. Prior to the summit in September 2023, India assumed the presidency on December 1st, 2022. Indonesian President Joko Widodo handed Prime Minister Modi the G20 president gavel during a ceremony held at the conclusion of the previous summit in Bali, Indonesia. In 2022, Indonesia was in charge.
A number of initiatives took center stage in the form of ministerial and engagement group meetings under the aegis of India's G20 chairmanship and Amitabh Kant's leadership as CEO of NITI Aayog. Discussions were conducted at G20 Think20 summits, Global Tech Summits, Health20 summits, Pharma20 summits, and G20 Startup20 conferences.
Agenda of G20 IN INDIA 2023
India has proposed the following six agenda items for the G20 conversation in 2023:
- Accelerated Green Development, Climate Finance, and LiFE
- Inclusive and Responsive Growth
- SDG development must be accelerated; - Digital public infrastructure and technological change
- Women-led development - Multilateral institutions for the twenty-first century.
These goals are in line with India's conception of **Vasudhaiva Kutumbakam**, which translates to "One Earth, One Family, One Future" in Sanskrit. This is also the G20 presidency of India's slogan.
Accelerated LiFE, Climate Finance, and Green Development
By promoting green funding, innovation, and collaboration, this objective seeks to advance sustainable development and climate action. India will put particular emphasis on these things:
Accelerated Leadership in Financing for the Environment (LiFE):
This is a key program of India's G20 presidency that aims to increase public and private funding for environmentally friendly and climate-resilient projects, particularly in poor nations. The program will also aid in the execution of the 2030 Agenda for Sustainable Development and the Paris Agreement.
Green Hydrogen**: As a clean and renewable energy source that may lower greenhouse gas emissions and improve energy security, India will support the development and use of green hydrogen. Additionally, India will support the development of a worldwide green hydrogen market and supply network.
**Circular Economy**: India would promote the use of circular economy methods that can reduce waste, improve resource efficiency, and promote innovation and competitiveness. India will also emphasize how the circular economy has the ability to increase employment, lower poverty, and enhance health and wellbeing.
**Nature-based Solutions**: India will stress the significance of using natural resources to solve problems including climate change, biodiversity loss, and land degradation. India will also highlight its initiatives to protect and restore its natural resources, including its forests, wetlands, and seas.
Inclusive and Responsive Growth
This objective strives to promote resilient growth that can cope with shocks and uncertainties and benefit all facets of society. India will put particular emphasis on these things:
Recovery from the COVID-19 Pandemic : India will take the lead in ensuring a quick, robust, and long-lasting recovery from the epidemic, which has created hitherto unheard-of health, economic, and societal obstacles. Additionally, India would assist the improvement of health systems and readiness, as well as the fair distribution of medications, diagnostics, and vaccinations.
**Quality Infrastructure** :- India will push for the creation of high-quality infrastructure that can boost productivity, resilience, and connection in all areas and industries.
India would encourage the mobilization of various financial resources as well as the alignment of infrastructure projects with social, environmental, and governance criteria.
- **Social Protection**: India would promote the development of social protection systems that can offer sufficient, cheap, and accessible coverage to all people, particularly the weak and the impoverished. India will also discuss its best practices and lessons gained from putting into place different social protection programs, including direct benefit transfers, health insurance, and pension plans.
- **Employment & Skills**: India will promote the mission of fostering fair employment prospects and fostering skill development for all employees, particularly the youth and women. India will also confront the issues brought on by population shifts, labor market upheavals, and technological advances.
SDG development (SUSTAINABLE DEVELOPMENT GOALS ) -
This objective intends to hasten the process of reaching the Sustainable Development Goals (SDGs) by 2030, a series of 17 global goals that address several aspects of development, including poverty, health, education, gender, environment, peace, and justice. India will concentrate on the following areas:
- **SDG Financing**: India would support the effective mobilization of local and international resources for SDG implementation, particularly in poor nations. India would also assist the integration of fiscal policy, debt management, tax cooperation, and financial regulation with SDG goals.
Monitoring and evaluation of the SDGs
India will improve SDG monitoring and assessment capabilities and the quality of data collection, analysis, reporting, and dissemination. India will also promote the use of cutting-edge technology and strategies, including big data, artificial intelligence, geospatial technologies, and platforms for public input.
- **SDG Localization**: India will push for the SDGs to be implemented at subnational levels, including states, cities, districts, and villages. India would encourage involvement and multi-stakeholder partnerships for SDG implementation at the local level.
- SDG Integration: India would support SDG integration across sectors, policies, programs, and initiatives. India will also address the overlaps, complementarities, compromises, and gaps between several SDGs.
Digital Public Infrastructure & Technological Transformation :-
This goal strives to improve innovation, inclusivity, efficiency, transparency, accountability, security, and sovereignty by using technology advancement and digital public infrastructure. India will put particular emphasis on these things:
- *Digital Public Infrastructure* - This major project of India's G20 leadership aims to create a worldwide network of digital public infrastructure.
