G20 Summit 2023 India – Check the Details!

The G20 Presidency will be held by India starting on December 1, 2022, for a year. Government sources mentioned that the country will organize more than 200 events scattered across major cities, including Delhi, Chennai, Kolkata, Mumbai, etc., as part of the summit as it intensifies its preparations to host it in 2023. On November 8, Prime Minister Narendra Modi presented the G20 summit 2023 theme, logo, and website. The next summit will be the most significant foreign event that India has ever held.

Since globalisation began to advance and numerous concerns became more intricately connected, recent G20 summits have begun focused not only on macroeconomics and trade, but also on a wide variety of global challenges that have a significant impact on the global economy. These topics included global development, energy and climate change, health, counterterrorism, as well as migration and refugee issues.

Through its contributions to tackling these global concerns, the G20 has aimed to actualize an inclusive and sustainable world.

What is G20 Summit 2023?

The G20 is a gathering place for the largest established and developing economies in the globe. It is comprised of Argentina, Australia, Brazil, Canada, China, France, Germany, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union (EU).

Together, they comprise two-thirds of the world’s population, 75% of the world’s trade, and more than 80% of the world’s GDP.

G20 Summit 2023 in India

On September 9 and 10, 2023, India will be the Presidency and will host the G-20 leaders’ meeting in New Delhi. More than 200 meetings will be required. From December 1, 2022, until November 30, 2023, India will hold the presidency for a year.

India is currently a member of the G20 Troika, which also includes Indonesia and Italy (next host). The troika would be composed of India, Indonesia, and Brazil during India’s Presidency, marking the first time that the troika would include three developing nations.

While the government is still finalising India’s G20 priorities, it has been stated that they will centre on inclusive, equitable, and sustainable growth; LiFE (Lifestyle for Environment); women’s empowerment; digital public infrastructure; tech-enabled development in areas like health, agriculture, and education; commerce; skill-mapping; culture; and tourism; climate financing; circular economy; global food security; energy security; and green hydrogen; disaster risk reduction and resilience; developmental cooperation; fight against economic crime; and multilateral reforms.”

India’s G20 Summit 2023 theme

“Vasudhaiva Kutumbakam,” or “One Earth, One Family, One Future,” is the slogan for India’s G20 Presidency. The government stated that the theme “affirms the worth of all life—human, animal, plant, and microorganisms—and their interconnectedness on the planet Earth and in the larger universe.”

• The G20 Theme embodies India’s efforts to realise its vision of uniting the entire world in pursuit of a common goal and a better future.
• India will work to ensure that there is “just one world,” not a “first world or third world.”

India’s G20 Summit 2023 Logo

The saffron, white, green, and blue hues of the Indian flag serve as the basis for the G20 Logo. “Planet Earth is compared to the lotus, the national flower of India, which symbolises growth over adversity. India’s pro-planet philosophy of living in complete harmony with nature is reflected in the Earth. The word “Bharat” is written in Devanagari script beneath the G20 logo “PIB stated. According to PM Modi, the G20 emblem for India was inspired by the lotus and symbolises “our firm convictions. With this logo and concept, we have conveyed a message of peace and nonviolence.”

In Indian mythology, the Goddesses of prosperity and knowledge are both shown sitting on a lotus flower. shared expertise that aids in overcoming our challenges. Shared prosperity that extends to the very last person. For this reason, the Earth is also positioned on a lotus in the G20 logo.

Significance of Lotus and Earth

The lotus, the national flower of India and a symbol of progress over obstacles, is placed in opposition to Earth in the logo. The lotus is a representation of India’s intellectualism, faith, and mythological heritage. In times of crises and global instability, the lotus symbol in the G20 logo symbolizes hope. The lotus blooms despite the challenging conditions. In Indian mythology, the Goddess of wisdom and wealth sits on a lotus flower. The Prime Minister emphasized the necessity for shared knowledge to overcome difficult conditions and shared prosperity to reach the last individual at the final mile when revealing the logo. For this reason, the Earth is also perched on a lotus in the logo. India’s pro-planet philosophy of living in complete harmony with nature is reflected in the Earth. The seven continents are represented by the seven petals of the lotus in the logo. Seven is also the number of notes in the global language of music, where the seven notes combine to create perfect harmony while maintaining the individuality of each note. PM Modi emphasized that the G20 seeks to unify the world while respecting diversity.

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Significance of India’s presidency in G20

• The G20 is a major force behind the world economy, accounting for 85% of worldwide GDP, 75% of trade, and 90% of global patents. The future of the globe is shaped by the G20’s deliberations and conclusions.
• Due to factors like the ongoing worldwide conflicts, the reorganisation of the global supply networks, the record-high level of global debt, etc., the Presidency this year will be very important.
• It is an excellent chance for India to promote its image and ensure that after the summit, each visitor returns refreshed mentally and spiritually.
• Additionally, it will raise India’s stature and give India possibilities in a variety of industries.

Priority Areas for India as President

• Increasing the rate of inclusive and sustainable growth is the top priority area.
• The second top priority is taking action on climate change and making sure that poor and emerging markets are given enough funding in this area. The secret to growth is climate financing.
• Another topic up for discussion and consideration is the acceleration of technology in a number of industries, including education, health, and others.
• During the presidency, accelerating the adoption of the Sustainable Development Goals will also be a major concern. It is essential that the world develop and grow in a way that is fair and inclusive.
• According to India, individual activities need to be adequately focused on for climate change adaptation and mitigation rather than having long-term goals like 2050 targets. In this regard, discussions will centre on Lifestyle for Environment (LiFE).
• India will discuss a number of additional agenda items during the summit, including green hydrogen, digital public goods, energy transitions, etc.

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