India's G20 Presidency| International Relations| Geopolitics
Introduction
The G20 presidency is the mainly consisting of Group of Twenty, its means it is an international forum consisting of 20 countries and the European Union. It brings together the world's major economies to discuss on global economic and financial issues. The G20 was established in 1999.From 1st December 2022 the India became the president of the 20 countries.
The G20 member countries
Here is the name of these 20 countries or the G20 member countries include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States. The European Union is represented by the European Council and the European Central Bank.
Why G20 is important for India
Why 2023 is so important for India, A lot of people say G20 presidency is came by rotation. It was going to come to India at some point or the other so, What is the big deal in this India is not achieved anything by getting G20 presidency and partially they are correct. Getting presidency is no a big deal but how we use the presidency is more important. Let me explain Qatar hosted the FIFA world cup this is the most expensive world cup.
As a country to host a world cup the infrastructure that Qatar built will bring them losses not profit. So are the people from Qatar mad to host the world cup? Not at all because the hosting the world cup in Qatar is important for them this give Qatar an excellent opportunity to show the talent and the progress of the Qatar and the people of Qatar. India G20 is something like this in this we can show our talent, progress, culture and the most important it is the chance to show the world that who we are.
What we are
The world shows how we fail very well in 2021 only saw India's burning pyres when you listen only negative things about that country than the other country's people think that nothing good can happen in this country. We can show to the world that we can shake up the world so, its time to show our talent, progress, economy, and culture to the world.
FAQ's Question/Answer
Ques 1: What is the G20?
Ans: The G20, or Group of Twenty, is an international forum consisting of 19 countries and the European Union. It brings together major economies to discuss and coordinate on global economic and financial issues.
Ques 2: When was the G20 established?
Ans: The G20 was established in 1999, in response to the Asian financial crisis, with the aim of promoting international economic cooperation and stability.
Ques 3: Who are the members of the G20?
Ans: The G20 consists of 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States. The European Union is also a member and is represented by the European Council and the European Central Bank.
Ques 4: What is the purpose of the G20?
Ans: The G20 aims to foster dialogue, cooperation, and coordination among major economies to address global economic challenges, promote financial stability, and achieve sustainable and inclusive growth.
Ques 5: How often does the G20 meet?
Ans: The G20 holds an annual summit where heads of state or government from member countries gather to discuss and address pressing global issues. Additionally, there are ministerial and working group meetings held throughout the year.
Ques 6: What topics does the G20 cover?
Ans: The G20 agenda covers a wide range of topics, including macroeconomic policies, trade, investment, finance, employment, energy, climate change, development, and more. The discussions aim to find common ground and develop policies that support global economic growth and stability.
Ques 7: Does the G20 have decision-making power?
Ans: The G20 operates on a consensus basis, which means that decisions and agreements are reached through negotiations and mutual agreement among its members. While the G20 does not have formal binding authority, its recommendations and commitments hold significant weight in the international community.
Ques 8: What is the role of the G20 presidency?
Ans: The G20 presidency rotates annually among its members. The country holding the presidency is responsible for hosting and organizing the G20 summit, setting the agenda, and leading discussions during its presidency. The presidency plays a crucial role in shaping the global agenda and fostering cooperation among member countries.
Ques 9: How does the G20 contribute to global governance?
Ans: The G20 serves as a platform for major economies to come together, exchange ideas, and coordinate policies. Through its discussions and commitments, the G20 seeks to enhance global economic governance, address imbalances, and promote sustainable development worldwide.
Ques 10: What are some notable achievements of the G20?
Ans: The G20 has played a significant role in addressing global financial crises, coordinating responses to economic challenges, promoting financial regulations, advancing international tax cooperation, fostering sustainable development goals, and facilitating dialogue on trade and investment issues.
Conclusion
Today India has a chance to bring these issues forward, to share our story ourselves with the world and to take talks towards equitable solutions. A few months ago there was an all party meet where leaders from different parties came then we lead an important point that parties can be opposition in internal politics but we'll have to come front of the world as a united India because only then will the citizens benefit there was a G20 meeting in Udaipur where sherpas of different countries got a taste of our vibrant culture. The theme of this G20 2023 is Vasudhaiva Kutumbakam," or "the world is one family."
