4. The G20, or Group of Twenty, is an international forum
comprising 19of the world's largest economies and the European
Union. It was established in 1999 to promote global economic
stability and cooperation. G20 member nations meet annually
to discuss economic policies, financial regulations, and
international issues. The group plays a pivotal role in addressing
global economic challenges, such as financial crises and trade
disputes. Its members represent a significant portion of the
world's GDP, making the G20 a crucial platform for coordinating
global economic strategies and fostering international
collaboration.
About G20
5. G20 Vision
1. Economic Stability: The G20 aims to promote global economic stability by
coordinating policies among member countries. This includes efforts to address financial
crises, reduce economic volatility, and ensure the sound functioning of financial systems.
1. International Trade: Facilitating open, fair, and inclusive international trade is a key
priority. G20 members work to promote trade policies that remove barriers, reduce
protectionism, and enhance global trade cooperation to boost economic growth.
1. Sustainable Development: The G20 addresses various aspects of sustainable
development, including climate change, poverty reduction, and infrastructure
development. It seeks to align economic growth with environmental and social goals to
ensure a more sustainable and equitable future.
7. India’s Hosting of G20
India is set to host the G20 summit, markinga significant
milestone for the nation.As the host country, India will take
on a leadership role in shaping the summit's agenda,
fosteringdiscussions on global economic issues, and
facilitating international cooperation amongthe world's
major economies.
India plays a significant role in the G20 summit as one of
its member nations. It actively contributes to discussions
on global economic and financial issues, advocates for
sustainable development, and engages in diplomatic efforts
to promote its interests on trade, climate change,and other
key topics on the international agenda.
