Great News for India! This year, our country is hosting the vital international event G20 Summit for the first time in the month of September 2023 in New Delhi. PM Modi welcomed all the world leaders. The G20 Summit is held annually with a rotating presidency and in 2023, India holds the presidency.
The group does not have a permanent secretariat and is supported by the past, present, and future holders of the presidency, known as the troika. This time, the troika consists of Indonesia, Brazil, and India. We will discuss this in detail later in this blog.
The focus of G20 Summit 2023 will be on the theme, ‘One Earth, One Family, One Future’. Let’s delve in deeper to know what’s up with G20 2023.
What does G20 Summit 2023 focus on?
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This Leaders’ Summit is the climax of the G20 process along with the work done over the year through Ministerial Meetings, Working Groups & Engagement Groups.
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The Indian Presidency will also emphasize on Lifestyle for Environment (LiFE). It will also focus on environmentally sustainable and responsible choices at both the individual lifestyle and the national development level for achieving a cleaner, greener, and bluer future.
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The Working Groups will focus on these factors: agriculture, anti-corruption, culture, digital economy, disaster risk reduction, development, education, environment and climate sustainability, energy transitions, employment, health, trade and investment, and tourism.
What happened until now?
Firstly, New Delhi Leaders’ Declaration of G20 is almost ready and will be presented before the grouping’s leaders to secure a consensus, as claimed by India’s sherpa Amitabh Kant.
Addressing a press conference ahead of the G20 Leaders’ Summit on 9-10 September, Kant stated that he would reveal more about the declaration, also referred to as a joint communique, after it has been ratified by the leaders. However, he said the declaration will include the voice of the global south and developing countries.
PM Modi and his Bangladesh counterpart Sheikh Hasina held a bilateral talk in New Delhi & the two countries also signed three memorandum of understanding (MoUs), including one on cooperation in Digital Payment mechanisms.
The African Union formally took its seat as a new member of the G20 Saturday at the invitation of summit host and Indian Prime Minister Narendra Modi.
Now, let's look at the complete schedule of the G20 Summit.
G20 Summit Full Schedule
September 3-6: 4th Sherpa Meeting
September 5-6: Finance Deputies Meeting
September 6: Joint Sherpas and Finance Deputies Meeting
September 9 - 10: Meeting of Ministers at the G20 Summit
September 13-14: 4th Sustainable Finance Working Group Meeting in Varanasi
September 14 - 16: 4th Meeting for the Global Partnership for Financial Inclusion in Mumbai
September 18 - 19: 4th Framework Working Group Meeting in Raipur.
How Presidency is chosen for G20?
The Indonesian President Joko Widodo officially transferred the G20 presidency to India and Prime Minister Narendra Modi at the Bali summit. But how is this Presidency chosen? Firstly, G20 doesn’t have a headquarter, it is an informal grouping which means that unlike the United Nations (UN), it does not have a permanent secretariat or staff.
On 1st December 2016, Germany became the host and President of the G20 and began to work within the so-called G20 Troika meaning 3- past, present, future. The Presidency is supported by this Troika with the troika comprising Indonesia (the previous presidency), India (the present presidency), and Brazil (the incoming presidency)
Source: Oliveboard
G20 Summit 2023: Logo
As the G20 Summit is scheduled in India, the Logo is inspired from our national flag and contains vibrant colors of the ‘Tiranga’, i.e. saffron, white, green, and blue. The beautiful combination of lotus coloured in white, green and blue with the Earth adds on to the beauty of this logo. At a time, when climate change is causing serious loss of life, property and resources, the logo of earth demonstrates the significance to opt for an environmentally conscious approach. Also, below the G20 logo, ‘Bharat’ is written in the Devanagari script.
Source: Moneycontrol
G20 Summit 2023: Theme
The theme of the G20 Summit 2023 is "Vasudhaiva Kutumbakam" or “One Earth · One Family · One Future" which has been deduced from an ancient Sanskrit text, Maha Upanishad. This theme conveys the message of global unity, and is a perfect slogan for international grouping. It affirms the value of human, animal, plant, and microorganisms and their interconnectedness on planet Earth & the universe.
Who will attend the G20 Summit 2023?
Some of the leaders who will attend the event include US President Joe Biden, British Prime Minister Rishi Sunak, French President Emmanuel Macron, and Australian Prime Minister Anthony Albanese while Chinese President Xi Jinping will likely miss the event being held under India's Presidency.
Who all are the G20 members?
The Group of Twenty (G20) constitutes19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkiye, United Kingdom and United States) and the European Union.
International Organizations attending G20 Summit 2023
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Asian Development Bank
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Coalition for Disaster Resilient Infrastructure
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Financial Stability Board
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International Monetary Fund
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International Labour Organization
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International Solar Alliance
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United Nations
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World Bank
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World Health Organization
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World Trade Organization
Wrap-Up of India’s G20 priorities
1. Green Development, Climate Finance & LiFE
India focuses on climate change, climate finance and technology, as well as ensuring just energy transitions for developing countries.
2. Accelerated, Inclusive & Resilient Growth
Emphasizing on areas which bring structural transformation, supports small & medium-sized enterprises in global trade, promoting labor rights and welfare, addressing the global skills gap, and building inclusive agricultural value chains and food systems.
3. Accelerating Progress on SDGs
Recommitment to achieve the targets listed in the 2030 Agenda for Sustainable Development, especially focusing on addressing the impact of COVID-19 pandemic.
4. Technological Transformation & Digital Public Infrastructure
Promotion of a human-centric approach to technology and increased knowledge-sharing in areas like digital public infrastructure, financial inclusion, and tech-enabled development etc.
5. Multilateral Institutions for the 21st century
Efforts to reform multilateralism & create a more accountable, inclusive, and representative international system apt for addressing 21st century challenges.
6. Women-led Development
Focus on inclusive growth & development & emphasizing on women empowerment and representation to motivate socio-economic development along with the achievement of SDGs.