G20: India’s moment

As the chair of the most powerful grouping of nations, India can build consensus on major global concerns and emerge as a world leader

Raj Chengappa

date of issue: December 12, 2022 , Updates: December 2, 2022 19:28 IST

Left to right: Japanese Prime Minister Fumio Kishida;  Indonesian President Joko Widodo;  Australian PM Anthony Albanese;  Italian Premier Giorgia Meloni;  German Chancellor Olaf Scholz;  Mexican President Andrés Manuel López Obrador;  European Commission President Ursula von der Leyen;  British PM Rishi Sunak;  Russian President Vladimir Putin;  Chinese President Xi Jinping;  French President Emmanuel Macron;  US President Joe Biden;  Brazilian President-elect Luiz Inacio Lula da Silva;  Canadian Premier Justin Trudeau;  Argentine President Alberto Fernandez;  Narendra Modi, Prime Minister of India;  South Korean President Yoon Suk Yeol;  Turkish President Recep Tayyip Erdogan;  Saudi Crown Prince Mohammed bin Salman;  South African President Cyril Ramaphosa;  (Imaging by Amarjit Singh Nagi)

Left to right: Japanese Prime Minister Fumio Kishida; Indonesian President Joko Widodo; Australian PM Anthony Albanese; Italian Premier Giorgia Meloni; German Chancellor Olaf Scholz; Mexican President Andrés Manuel López Obrador; European Commission President Ursula von der Leyen; British PM Rishi Sunak; Russian President Vladimir Putin; Chinese President Xi Jinping; French President Emmanuel Macron; US President Joe Biden; Brazilian President-elect Luiz Inacio Lula da Silva; Canadian Premier Justin Trudeau; Argentine President Alberto Fernandez; Narendra Modi, Prime Minister of India; South Korean President Yoon Suk Yeol; Turkish President Recep Tayyip Erdogan; Saudi Crown Prince Mohammed bin Salman; South African President Cyril Ramaphosa; (Imaging by Amarjeet Singh Nagi)

TeaThe gift given to Prime Minister Narendra Modi for the presidency of the G20 (Group of Twenty) at the Bali summit in mid-November may seem small. But size belies the heavy responsibilities that come with it. On 1 December, when India formally took over the G20, its member-nations represented 60 per cent of the world’s population, but more importantly, 85 per cent of global GDP and 75 per cent of international trade Is part of. Since its establishment in 1999, the G20 has emerged as the world’s most powerful international forum for major economic issues and, more recently, geopolitical concerns as well. Incidentally, India will also assume the presidency of the all-powerful UN Security Council for a month in December. It will also hold the presidency of the world’s largest regional forum, the Shanghai Cooperation Organization (SCO), until September 2023. This is truly India’s moment on the world stage.