G-20 and India’s Presidency
G-20
Development Working Group (DWG) meeting to be held in Mumbai from December 13 –
16, 2022
India will host over 200 meetings in over 50 cities across 32 different work
streams
G20 delegates and guests to get a glimpse of India's rich cultural heritage and
a year-long India experience
The theme of India’s G20 Presidency “Vasudhaiva Kutumbakam” or “One Earth · One
Family · One Future” closely ties with LiFE (Lifestyle for Environment)
“India's G20
Presidency will work to promote this universal sense of one-ness. Hence our
theme - 'One Earth, One Family, One Future'” – PM Narendra Modi
·
Development Working Group
(DWG)
The DWG meetings aims to discuss developmental issues in
Developing Countries (DC), Least Developed Countries (LD) and Island Countries
(Small Island Developing States/SIDS).
The DWG is a platform for G-20 member countries to come together
and prioritize multilateralism, share solutions that promote growth, remap
development plans and achieve the Sustainable Development Goal’s targets (SDG).
The G-20 possesses the knowledge, expertise, financial resources required to
reverse trajectories that have gone off track.
The DWG held in the 3rd G-20 at Bali between August 10-12, 2022,
concluded with the discussion and finalization of key G-20 agreements.
These include G-20 Roadmap for Stronger Recovery and Resilience
in DCs, Least Developed Countries (LDCs) and SIDs, the G- 20 principles to
Scale up Blended Finance in DCs, the G-20 Ministerial Vision Statement:
Multilateralism for Sustainable Development Goals( SDGs) Decade of Action and
the 2022 G-20 Bali Update.
The first DWG Meeting during India’s Presidency will be held in
Mumbai from December 13 -16, 2022. In these meetings, sessions on Data For
Development, Role of G-20 in Advancing the 2030 Agenda, Infusing New LiFE into
Green Development and Accelerating Progress on the SDGs. The delegates will
enjoy cultural events that give them a unique India experience, go for a
Gateway of India walk and also an excursion to Kanheri Caves on the last day.
Visit https://www.g20.org/en/ for more information.
Also read https://pib.gov.in/PressReleasePage.aspx?PRID=188014
December 1, 2022 is a red-letter day as India assumed the G20 Presidency from Indonesia
and will convene the G20 Leaders' Summit for the first time in the country in
2023. A nation deeply committed to democracy and multilateralism, India's G20
Presidency would be a watershed moment in her history as it seeks to play an
important role by finding pragmatic global solutions for the wellbeing of all,
and in doing so, manifest the true spirit of 'Vasudhaiva Kutumbakam' or the
'World is One Family'.
So, what is the G20?
The Group of Twenty (G20) is an intergovernmental forum
comprising 19 countries - Argentina,
Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy,
Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey,
United Kingdom and United States and the European Union.
The G20 members represent around 85% of the global GDP, over 75%
of the global trade, and about two-thirds of the world population.
The G20 was founded in 1999
after the Asian financial crisis as a forum for the Finance Ministers and
Central Bank Governors to discuss global economic and financial issues. It was upgraded
to the level of Heads of State/Government in the wake of the global economic
and financial crisis of 2007, and, in 2009, was designated the “premier forum
for international economic cooperation”.
What is the G20
Summit?
The G20 Summit is held annually, under the
leadership of a rotating Presidency.
How does the G20 work?
The G20 Presidency steers the G20 agenda for one year and hosts
the Summit. The G20 consists of two parallel tracks: the Finance Track and the Sherpa Track. Finance Ministers
and Central Bank Governors lead the Finance Track, while Sherpas lead the
Sherpa Track.
The Finance
Track is led by Finance Ministers and Central Bank
Governors of the member countries. Within the two tracks, there are
thematically oriented working groups in which representatives from the relevant
ministries of the members as well as from invited/guest countries and various
international organisations participate.
The G20 process from the Sherpa
Track is
coordinated by the Sherpas of member countries, who are personal emissaries of
the Leaders. The Sherpa Track oversees inputs from 13 Working
Groups, 2 Initiatives – Research
Innovation Initiative Gathering (RIIG) and G20 Empower, and various Engagement Groups, all of whom
meet throughout the year and develop their Issue Notes and Outcome Documents in
parallel. These substantive discussions then feed consensus-based
recommendations to the Sherpa Meetings. The outcome document of the
Sherpa-level meetings eventually forms the basis of the Leaders' Declaration,
which will be debated and signed (after and if consensus is reached) at the
final New Delhi Summit in September next year by the Leaders of all G20 member
countries.
In addition, there are Engagement
Groups which bring together civil societies,
parliamentarians, think tanks, women, youth, labour, businesses and researchers
of the G20 countries. The Startup20 Engagement Group will be
established under India's G20 Presidency for the first time, recognising the
role of startups in driving innovation that responds to a rapidly changing
global scenario. Active consultation with the
Engagement Groups forms an integral part of India's "inclusive ambitious,
decisive, and action-oriented", G20 approach, as outlined by Prime
Minister Narendra Modi in the Bali Summit this year.
India’s G -20 Presidency
India holds the Presidency of the G20 from December 1, 2022 to
November 30, 2023. The 43 Heads of Delegations- the largest ever in G20-will be
participating in the final New Delhi Summit in September next year.
The G20
Logo draws inspiration from the vibrant colours of India’s
national flag – saffron, white and green, and blue. It juxtaposes planet Earth
with the lotus, India’s national flower that reflects growth amid challenges.
The Earth reflects India’s pro-planet approach to life, one in perfect harmony
with nature. Below the G20 logo is “Bharat”, written in the Devanagari script.
The theme of
India’s G20 Presidency - “Vasudhaiva Kutumbakam” or “One Earth · One Family ·
One Future” - is drawn from the ancient Sanskrit text of the
Maha Upanishad. Essentially, the theme affirms the value of all life – human,
animal, plant, and microorganisms – and their interconnectedness on the planet
Earth and in the wider universe. The theme also spotlights LiFE (Lifestyle for
Environment), with its associated, environmentally sustainable and responsible
choices, both at the level of individual lifestyles as well as national
development, leading to globally transformative actions resulting in a cleaner,
greener and bluer future.
For India, the G20 Presidency also marks the
beginning of “Amritkaal”, the 25-year period beginning from the 75th
anniversary of its independence on 15 August 2022, leading up to the centenary
of its independence, towards a futuristic, prosperous, inclusive and developed
society, distinguished by a human-centric approach at its core.
A new working group on Disaster Risk Reduction
will be established under India's Presidency to encourage collective work
by the G20, undertake multi-disciplinary research and exchange best practices
on disaster risk reduction.
India’s special
invitee guest countries are Bangladesh,
Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain and UAE.
G-20’s invited international
organisations are UN, IMF, World Bank, WHO, WTO, ILO, FSB, OECD, AU Chair,
NEPAD Chair, ASEAN Chair, ADB, ISA and CDRI.
G20 meetings will not be limited only to New Delhi or other
metropolises. Drawing inspiration from its G20 Presidency theme of
"Vasudhaiva Kutumbakam'-"One Earth One Family One Future, as well as
the Prime Minister's vision of an 'all of government" approach, India will
host over 200 meetings in over 50 cities across 32 different workstreams, and
would have the opportunity to offer G20 delegates and guests a glimpse of
India's rich cultural heritage and provide them with a unique Indian
experience. The Presidency is also a chance for the G20 Secretariat to provide
the country's citizens with the unique opportunity be a part of India's G20
story.
The Indian G20 presidency has also planned a year-long India
Experience' for G20 member countries, special invitees, and others.
What are India's G20 Priorities?
·
Green Development, Climate
Finance & LiFE
The opportunity to lead G20 comes at a time of compounding
existential threat, with the COVID-19 pandemic having exposed the fragilities
of our systems under the cascading impacts of climate change. In this regard,
climate change is a key priority for India’s presidential Presidency, with a
particular focus towards not only climate finance and technology, but also
ensuring just energy transitions for developing nations across the world.
Understanding that the issue of climate change cuts across
industry, society, and sectors, India offers the world LiFE (Lifestyle for
Environment) -a behaviour-based movement that draws from our nation's rich,
ancient sustainable traditions to nudge consumers, and in-turn markets, to
adopt environmentally-conscious practices. This ties closely with India’s G20
theme: 'Vasudhaiva Kutumbakam' or 'One Earth. One Family. One Future.
·
Accelerated, Inclusive
& Resilient Growth
An
accelerated, resilient and inclusive growth is a cornerstone for sustainable
development. During its G20 Presidency, India aims to focus on areas that have
the potential to bring structural transformation. This includes an ambition to
accelerate integration of MSMEs in global trade, bring in the spirit of trade
for growth, promote labour rights and secure labour welfare, address global
skills gap, and build inclusive agricultural value chains and food systems etc.
·
Accelerating progress on
SDGs
India's G20 Presidency collides
with the crucial midpoint of the 2030 Agenda. As such, India acknowledges the
detrimental impact of COVID-19, which changed the current decade of action into
a decade of recovery. In line with this perspective, India wants to focus on recommitting
G20's efforts to achieving the targets laid out in the 2030 Agenda for
Sustainable Development
·
Technological
Transformation & Digital Public Infrastructure
As G20 Presidency, India can foreground its belief in a
human-centric approach to technology, and facilitate greater knowledge-sharing
in priority areas like digital public infrastructure, financial inclusion, and
tech-enabled development in sectors ranging from agriculture to education
·
Multilateral
Institutions for the 21st century
India's G20 priority will be to continue pressing for reformed
multilateralism that creates more accountable,inclusive just, equitable and
representative multipolar international system that is fit for addressing the
challenges in the 21st century.
·
Women-led development
India hopes to use the G20 forum to highlight inclusive growth
and development, with women empowerment and representation being at the core of
India's G20 deliberations. This includes a focus on bringing women to the fore, and in leading
positions, in order to boost socio-economic development and achievement of SDGs.
India kick-started its presidency term agenda with a series of
cultural initiatives that included various Jan Bhagidari activities, a special
University Connect event with 75 educational institutions from across the
country, the lighting up of 100 ASI monuments with the G20 logo and colours,
and showcasing G20 at the Hombill festival in Nagaland. Sand artist Shri
Sudarshan Pattnaik also created sand art of India's G20 logo on Puri beach in
Odisha. Various other events, youth activities, cultural performances, and site
excursions showcasing the sights and traditions of respective city-venues, are
also planned throughout the year-long calendar.
Visit https://www.g20.org/en/ for more
information.