In the growing economic realm, India has taken the wheel of the G20, a key international organization focused on promoting economic cooperation among nations to tackle global challenges. With a rapidly growing economy, India is going towards more than 6% GDP growth, according to the World Bank. India has become the world’s fifth-largest economy by nominal GDP, surpassing Britain. This rise in economic stature has paved the way for India’s influential role as it presides over the G20 in 2023.
Under the banner of ‘Vasudhaiva Kutumbakam,’ which translates to ‘the world is one family,’ India’s G20 Summit seeks to address worldwide predicaments and foster sustainable economic progress. This platform presents India with an exceptional chance to bolster its standing in the global economic landscape and amplify its soft power on the international stage.
Throughout its G20 presidency, India has demonstrated its commitment to international cooperation and forging connections between nations, having a vision of 6.5% GDP growth in the coming years. The country’s role as a major power has been fortified by its exceptional economic and military capabilities, nuclear prowess, and active participation in global affairs.
Countries that are participating in G20 are as follows:
- Republic of Korea
- Saudi Arabia
- South Africa
- European Union
Date, Time, And Venue Of G20 Summit
Here is the important information about the G20 Summit:
Date: 9 Sept – 10 Sept, 2023
Venue: Bharat Mandapam, Pragati Maidan, New Delhi
Chair: Narendra Modi, Prime Minister Of India
In conclusion, India’s G20 summit is a historical moment that projects the nation’s role in the global economic order and enhances its status as a formidable soft power. With its people-centric approach, India is ready to address worldwide challenges and forge connections between nations. This opportunity to contribute to the international community while shaping its future underscores India’s emergence as a major global influence.