India is hosting the G20 Leaders' Summit in 2023 for the first time in history. The summit will be held in New Delhi in September and will be attended by 43 heads of delegation, the largest number ever to participate in a G20 summit. The summit will take place from September 9 to September 10, and over 200 meetings and events will be held across 55 cities.
This historic event is a testament to India's growing influence on the global stage and its commitment to fostering international cooperation. The G20 Leaders' Summit in New Delhi will provide a platform for world leaders to discuss pressing global issues, such as economic growth and climate change with the aim of finding collaborative solutions that benefit all nations involved.
Also Read | G20 Quiz: GK Questions and Answers on G20 Summit 2023
Who is the current President of G20?
India is hosting a G20 Summit for the first-timer ever. For 2023, the Presidency of G20, which changes on a rotational basis, is held by India. The theme of India's G20 presidency is "Vasudhaiva Kutumbakam," which means "the world is one family." This theme reflects India's belief in the importance of cooperation and solidarity among nations. The purpose of this summit is to address the challenges of climate change, terrorism, and inequality.
G20 Summit 2023: Schedule
The G20 Summit will take place in the nation’s capital, New Delhi. The two-day summit will be held at Bharat Mandappam which is located within the ITPO Convention Centre in, Pragati Maidan, New Delhi. Leaders and representatives from 40 nations, including the 19 member states and EU (European Union), will attend the summit.
Related | List of G20 Countries
Where is the Headquarters of G20?
G20 does not have a permanent headquarters unlike other international organizations. Instead, it operates as a forum for international economic cooperation, and its meetings are hosted by member countries on a rotating basis. There is no permanent secretariat for the Group as well. The Presidency is backed by the Troika, which includes the former, current, and incoming Presidency. The current troika consists of Indonesia, India, and Brazil under India's presidency.
How many times has India hosted the G20 Summit?
India had never hosted a Group of Twenty Summit till now. The country is hosting its first ever G20 summit on September 9 and 10 in New Delhi.
The G20 is divided into two tracks: the Finance Track and the Sherpa Track. Finance Ministers and Central Bank Governors lead the Finance Track, followed by Sherpas on the Sherpa Track.
Related | G-20 Summits: List of Summits and Members
Why is G20 Important?
The G20 comprises 19 nations and the European Union (EU). It is important because it brings together the world's major economies, representing around 85% of global GDP and about two-thirds of the world's population. It serves as a forum for dialogue and decision-making on key economic and financial issues, helping to shape global policies and promote stability in the international financial system. Additionally, the G20 plays a crucial role in addressing global challenges and promoting sustainable development through its focus on issues such as poverty eradication, inclusive growth, and gender equality.
When and where is the next G20 meeting?
India will hand over its G20 Presidency to Brazil in 2024. Hence, the next G20 summit will be held in 2024 in Brazil. The exact venue has not been decided yet. Before India, the Presidency of G20 was held by Indonesia in 2022.
The Bottom Line
The G20 Leaders' Summit is a significant event that brings together the world's major economies to discuss global issues and promote international cooperation. As the host country, India has the opportunity to showcase its economic growth and diplomatic prowess on a global stage. This summit will provide a platform for India to engage with other nations and shape the agenda for global economic development and sustainability.
Also Read | G20 Summit 2023: Which Indian cities will host the event?
You May Also Like | G20 Summit 2023: What Is Open In Delhi? What Is Closed? Here's Every Detail You Were Waiting For!
Comments
All Comments (0)
Join the conversation