NEW DELHI India will assume the presidency of the G20 from December and host the summit of leaders of the world’s twenty largest economies in New Delhi during September 9-10, 2023. India is set to take over the presidency of G20 for a year from Indonesia, which is set to host the leaders’ summit in November. The country will hold the presidency from December 1, 2022 to November 30, 2023.
Under its Presidency, India is expected to host more than 200 preparatory and other meetings across the country, beginning in December this year. An exercise is already underway to identify suitable venues in places ranging from Tamil Nadu to the Union Territory of Jammu and Kashmir for hosting these meetings.
India will take over after twice swapping the presidency of the G20, first with Italy in 2021 and then with Indonesia in 2022.
“The G20 Leaders’ Summit at the level of Heads of State [or] Government is scheduled to be held on 09 and 10 September, 2023, in New Delhi,” the external affairs ministry said in a statement on Tuesday. Indonesia has invited both the Russian and Ukrainian presidents to the G20 Summit to be held in Bali during November 15-16. Russia’s presence in preparatory meetings this year has already led to some tensions with other member states.
The Group of Twenty is an intergovernmental forum of the world’s major developed and developing economies. It comprises 19 countries – Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK and the US – and the European Union (EU).
Collectively, the G20 accounts for 85% of the global GDP, 75% of international trade and two-thirds of the world population, making it the premier forum for international economic cooperation.
India is currently part of the G20 Troika, which comprises the current, previous and incoming G20 presidencies and includes Indonesia, Italy and India. During its presidency, the troika will include India, Indonesia and Brazil. This will be the first time that the troika will consist of three developing countries and emerging economies, “providing them a greater voice”, the statement said.
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