Thursday, December 01, 2022

India receives the chairmanship of G-20 from Indonesia

Indonesian President Joko Widodo symbolically handed over the post to Indian Prime Minister Narendra Modi.

The South Asian nation will officially take over the leadership of the bloc from December 1.

During his speech, the Indian ruler said that his country is handling the G20 at a time when the world is grappling with geopolitical tensions, economic slowdown, rising food and energy prices and long-term negative impacts. Epidemic.

Modi assured the world leaders that the Indian G20 presidency would be inclusive, ambitious, decisive and action-oriented.

He stressed that New Delhi will strive to ensure that the G-20 acts as a global engine to visualize new ideas and accelerate collective action in the next year.

Expressing concern over the challenges posed by the environment, Prime Minister Narendra Modi said that the sense of ownership over natural resources is giving rise to conflicts and is the main reason for the plight of the environment.

Modi stressed the need to extend the benefits of development to all human beings with compassion and solidarity, noting that global development is not possible without the participation of women.

She further argued that women-led development should be given a higher place on the G20 agenda.

The Indian Prime Minister stressed that without peace and security, future generations would not be able to take advantage of economic growth and technological innovation.

The President also emphasized that the G-20 has to send a strong message in favor of peace and harmony, the priorities of which are included in the G-20 Indian Chairmanship theme: One Earth, One Family, One Future.

The next summit of the Forum is composed of Germany, Saudi Arabia, Argentina, Australia, Brazil, Canada, China, United States, France, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, South Africa, Turkey. and Sangh Sangh, to be held at New Delhi on 9th and 10th September, 2023.

G20 members represent approximately 85 percent of the world’s GDP, more than 75 percent of world trade, and nearly two-thirds of the planet’s population.

The new trio (current, past and incoming presidencies) of the G20 is composed for the first time of three developing countries and emerging economies, India, Indonesia and Brazil.

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