India’s G20 Presidency And All You Need To Know About It

2022 marked a historic year for India in terms of international recognition, as it assumed the presidency of the G20. But, 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, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom and the United States and the European Union.

The G20 members represent around 85% of the global GDP, over 75% of worldwide trade, and about two-thirds of the world population. 

The G20 was founded in 1999 after the Asian financial crisis as a forum for Finance Ministers and Central Bank Governors to discuss global economic and financial issues. It was upgraded to the level of Head of State/Government in the wake of the global economic and financial crisis of 2007. In 2009, it was designated the “premier forum for international economic cooperation”. 

The G20 Summit is held every year, under the leadership of the rotating 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 colors 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.

India has highlighted green development, accelerated, inclusive, and resilient growth, accelerating progress on sustainable development goals, technological transformation, digital public infrastructure, and women-led development as their priorities during their Presidency.