Essay On G20 Summit 2023 PDF Free Download

Essay On G20 Summit 2023 PDF Download Info

Essay On G20 Summit 2023 PDF Free Download, India Takes Over Presidency Of G20 PDF Free Download, Presidency, Upsc Notes. Upsc Drishti Ias, Full Form, Countries.

Essay On G20 Summit 2023 PDF Free Download

Construction Working Group (DWG)

Developing Countries (Dc), Least Developed Countries (Ld), And Island Countries (Small Island Developing States/sids) Are The Focus Of The Dwg Meetings.

The Dwg Serves As A Forum For G-20 Members To Come Together, Emphasise Multilateralism, Exchange Ideas That Foster Growth, Restructure Development Strategies, And Meet The Aims Of The Sustainable Development Goals (Sdg). The G-20 Has The Knowledge, Skills, And Financial Resources Necessary To Change Course Once It Has Veered Off Course.

The Debate And Completion Of Important G-20 Agreements Marked The End Of The Dwg, Which Took Place During The Third G-20 In Bali Between August 10 And 12, 2022.

These Include The 2022 G-20 Bali Update, The G-20 Ministerial Vision Statement: Multilateralism For Sustainable Development Goals (Sdgs) Decade Of Action, And The G-20 Roadmap For Stronger Recovery And Resilience In Dcs, Least Developed Countries (Ldcs), And Sids.

The Inaugural Dwg Meeting Will Take Place In Mumbai From December 13–16, 2022, As Part Of India’s Presidency. Sessions On “Data For Development,” “The Role Of The G-20 In Promoting The 2030 Agenda,” “Infusing New Life Into Green Development,” And “Accelerating Progress On The Sdgs” Were Discussed At These Meetings. The Participants Will Take Part In Cultural Activities That Offer Them An Authentic Taste Of India, Stroll Through The Gateway Of India, And Travel On An Excursion To The Kanheri Caves On The Last Day.

India Took Up The G20 Presidency From Indonesia On December 1, 2022, And Will Host The G20 Leaders’ Summit For The First Time In The Nation In 2023. As A Country That Is Steadfastly Committed To Multilateralism And Democracy, India’s G20 Presidency Would Mark A Turning Point In Its History. India Wants To Play A Significant Role In Finding Workable Solutions At The International Level To Ensure Everyone’s Well-being And To Truly Embody The Idea That “The World Is One Family.”

The G20 Is What, Then?

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic Of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United States, And The European Union Make Up The Group Of Twenty (G20), An International Forum.

The G20 Members Account For Nearly Two-thirds Of The World’s Population, Over 75% Of Global Commerce, And 85% Of The World’s Gdp.

As A Platform For The Finance Ministers And Central Bank Governors To Debate International Economic And Financial Concerns, The G20 Was Established In 1999 After The Asian Financial Crisis. After The Global Financial And Economic Crisis Of 2007, It Was Elevated To The Level Of Heads Of State/government, And In 2009 It Was Named The “Primary Platform For International Economic Cooperation.”

What Exactly Is A G20 Summit?

Annually, The G20 Summit Is Conducted With A Rotating Presidency In Charge.

How Is The G20 Organised?

For One Year, The G20 Presidency Sets The Agenda And Hosts The Summit. The Finance Track And The Sherpa Track Are Two Concurrent Tracks That Make Up The G20. Sherpas Are In Charge Of The Sherpa Track, While Finance Ministers And Central Bank Governors Are In Charge Of The Finance Track.

The Finance Track Is Overseen By The Central Bank Governors And Finance Ministers Of The Participating Nations. There Are Topically Focused Working Groups Within The Two Tracks, In Which Representatives From The Member Countries’ Relevant Ministries As Well As Those From Invited/guest Nations And Different International Organisations Take Part.

The Sherpas Of The Participating Nations, Who Serve As The Leaders’ Personal Envoys, Oversee The G20 Process From The Sherpa Track. The Research Innovation Initiative Gathering (Riig) And G20 Empower Initiatives, As Well As Different Engagement Groups, All Of Which Convene Throughout The Year And Produce Issue Notes And Outcome Documents Concurrently, Are Overseen By The Sherpa Track. Following These In-depth Conversations, The Sherpa Meetings Get Recommendations Based On A Consensus. The Leaders’ Declaration, Which Will Be Discussed And Signed (After And If Agreement Is Obtained) At The Final New Delhi Summit In September Of Next Year By The Leaders Of All G20 Member Nations, Is Ultimately Based On The Conclusion Paper Of The Sherpa-level Talks.

Additionally, There Are Engagement Groups That Bring Together Individuals From The G20 Nations’ Civil Society Organisations, Legislatures, Think Tanks, Youth, Labour, Corporations, And Academics. Under India’s G20 Presidency, The Startup20 Engagement Group Will Be Created For The First Time, Recognising The Importance Of Startups In Fostering Innovation In Response To A Fast Changing Global Environment. India’s “Inclusive Ambitious, Decisive, And Action-oriented” G20 Strategy, As Described By Prime Minister Narendra Modi At The Bali Summit This Year, Includes Active Consultation With The Engagement Groups.

The G-20 Presidency Of India

The G20 Is Led By India From December 1, 2022, Until November 30, 2023. The Last New Delhi Summit Will Take Place In September Of Next Year, Attracting 43 Heads Of Delegation, The Most Ever To Attend A G20 Summit.

The Brilliant Colours Of India’s National Flag—saffron, White, Green, And Blue—were Used As Inspiration For The G20 Logo. Planet Earth Is Compared To The Lotus, The National Flower Of India, Which Symbolises Development Over Adversity. India’s Pro-planet Philosophy Of Living In Complete Harmony With Nature Is Reflected In The Earth. “Bharat” Is Inscribed In Devanagari Script Underneath The G20 Logo.

Vasudhaiva Kutumbakam, Which Translates To “One Earth, One Family, One Future,” Is The Slogan Of India’s G20 Presidency. It Is Taken From The Maha Upanishad, An Old Sanskrit Literature. The Topic Essentially Emphasises The Importance Of All Life—human, Animal, Plant, And Microorganism—as Well As Their Interdependence On Earth And Across The Cosmos. The Topic Also Emphasises Life (Lifestyle For Environment), With Its Related Ecologically Sound And Responsible Decisions Made At The Level Of Both Individual Lives And National Development, Leading To Globally Transformational Activities That Result In A Cleaner, Greener, And Bluer Future.

For India, The G20 Presidency Also Heralds The Start Of “Amritkaal,” The 25-year Period Starting From The 75th Anniversary Of Its Independence On 15 August 2022 And Ending With The Centennial Of Its Independence And Aimed At Creating A Future-oriented, Prosperous, Inclusive, And Developed Society That Is Characterised By A Human-centric Approach At Its Core.

Under India’s Presidency, A New Working Group On Disaster Risk Reduction Would Be Created To Promote Group Collaboration Among The G20, Carry Out Multidisciplinary Research, And Share Best Practises On Disaster Risk Reduction.

Bangladesh, Egypt, Mauritius, The Netherlands, Nigeria, Oman, Singapore, Spain, And The United Arab Emirates Are The Special Invitee Guests Of India.

Un, Imf, World Bank, Who, Wto, Ilo, Fsb, Oecd, Au Chair, Nepad Chair, Asean Chair, Adb, Isa, And Cdri Are Among The International Organisations Invited To The G-20 Summit.

The G20 Meetings Won’t Only Be Held In New Delhi Or Other Big Cities. India Will Host More Than 200 Meetings In More Than 50 Cities Across 32 Different Workstreams, Drawing Inspiration From Its G20 Presidency Theme Of “Vasudhaiva Kutumbakam”—”One Earth, One Family, One Future,” As Well As The Prime Minister’s Vision Of A “All Of Government” Approach. This Will Give G20 Delegates And Guests A Glimpse Of India’s Rich Cultural Heritage And Give Them An Authentic Indian Experience. The G20 Secretariat Has The Opportunity To Use The Presidency To Provide Citizens Of The Nation A One-of-a-kind Chance To Participate In India’s G20 History.

A Year-long “India Experience” Has Also Been Planned By The Indian G20 Presidency For G20 Members, Special Invitees, And Others.

What Are The G20 Priorities For India?

Development, Finance, And Life In The Green Economy

The Chance To Lead The G20 Is Presented At A Time When Existential Threats Are Intensifying, As The Covid-19 Pandemic Exposed The Vulnerabilities Of Our Systems To The Cascading Effects Of Climate Change. In This Regard, Addressing Climate Change Is A Top Priority For India’s Presidential Presidency, With A Focus On Ensuring Just Energy Transitions For Developing Countries All Over The World In Addition To Focusing On Climate Finance And Technology.

India Offers The World Life (Lifestyle For Environment), A Behavior-based Movement That Draws From Our Country’s Rich, Ancient Sustainable Traditions To Encourage Consumers, And In Turn Markets, To Adopt Environmentally Conscious Practises. India Recognises That The Issue Of Climate Change Cuts Across Industry, Society, And Sectors. This Is Closely Related To India’s G20 Theme Of “One Earth. One Family. One Future,” Or “Vasudhaiva Kutumbakam.”

Growth That Is Rapid, Inclusive, And Resistant

Sustainable Development Depends On Rapid, Resilient, And Inclusive Growth. India Intends To Concentrate On Areas That Might Lead To Structural Transformation During Its G20 Presidency. This Includes A Desire To Accelerate Small And Medium-sized Business Integration Into International Trade, Foster The Spirit Of Trade For Growth, Advance Labour Rights And Ensure Worker Welfare, Close The Global Skills Gap, And Create Inclusive Agricultural Value Chains And Food Systems, Among Other Things.

Increasing SDGS Progress

The Crucial Halfway Point Of The 2030 Agenda Conflicts With India’s G20 Presidency. India Acknowledges That Covid-19 Had A Negative Effect, Turning The Current Decade Of Action Into A Decade Of Recovery. According To This Viewpoint, India Wants To Concentrate On The G20’s Efforts Being Recommitted To Achieving The Goals Set Out In The 2030 Agenda For Sustainable Development.

Transformation Of Technology And Digital Public Infrastructure

India’s Belief In A Human-centric Approach To Technology Can Be Highlighted As The G20’s Presidency, And It Can Promote Greater Knowledge Exchange In Priority Areas Like Digital Public Infrastructure, Financial Inclusion, And Tech-enabled Development In Industries Ranging From Agriculture To Education.

Institutions Multilateral For The 21st Century

India’s Top Priority At The G20 Will Be To Keep Pushing For Multilateralism Reform That Builds A Multipolar International System That Is More Inclusive, Just, Equitable, And Accountable And Is Capable Of Addressing The Challenges Of The Twenty-first Century.

Development Led By Women

Women’s Empowerment And Representation Are At The Centre Of India’s G20 Discussions, And The Country Hopes To Use The Forum To Highlight Inclusive Growth And Development. In Order To Promote Socioeconomic Development And The Achievement Of Sdgs, This Includes A Focus On Elevating Women Into Prominent Roles.

With A Number Of Cultural Initiatives, Including A Variety Of Jan Bhagidari Activities, A Special University Connect Event With 75 Educational Institutions From All Over The Nation, The Lighting Up Of 100 Asi Monuments With The G20 Logo And Colours, And Showcasing G20 At The Hombill Festival In Nagaland, India Launched Its Presidency Term Agenda. On Puri Beach In Odisha, Sand Artist Shri Sudarshan Pattnaik Also Created A Sand Sculpture Of The G20 Logo For India. Throughout The Whole Calendar Year, Several Other Events, Youth Activities, Cultural Performances, And Site Excursions Showcasing The Sights And Traditions Of Each City-venues Are Also Planned.

What Was The Primary Reason For The Establishment Of G20?

In An Attempt To Extend The Debate Of Policies That Are Helpful For Addressing The Global Economic And Financial Crisis, The Minister Of Finance And The Governor Of The Central Bank First Met In 1999 To Create The Group Of Twenty (G20).

The United States, Argentina, Brazil, Australia, Canada, Mexico, Turkey, Indonesia, South Korea, Japan, China, Germany, Britain, India, Saudi Arabia, South Africa, Italy, France, Russia, And One Regional Organisation, The European Union, Make Up The G20’s Membership As An Economic Forum. As For The Meeting Of The Ministers Of Finance And The Governor Of The Central Bank, The Managing Director Of The International Monetary Fund (Imf) And The President Of The World Bank, Along With The Chair Of The International Monetary And Financial Committee And The Development Committee, Attended As Guests Of Honour.

The Failure Of The G7 To Address The Issues Facing The World Economy At The Time Is Inextricably Linked To The Founding Of The G20 In The Eyes Of The International Community. In Order To Find Answers To The World’s Economic Issues, It Was Believed At The Time That Middle-income Nations And Those With Systemic Economic Power Needed To Be Included In The Discussions.

As One Of The First Steps In Addressing The Global Economic Crisis, The G20 Concentrated On Initiatives To Restructure The International Financial System. The G20 Goals—to Produce Strong, Sustainable, And Balanced Economic Growth—were More Precisely Stated During The 2009 G20 Summit In Pittsburgh, Usa, In Keeping With The Improvement In Global Economic Circumstances.

The G20 Summit In Cannes, France In 2011 Decided That It Is The Group’s Duty To “Coordinate Their Policies And Produce Political Agreements That Are Very Important In Addressing Challenges Due To Conditions Of Global Economic Interdependence” In Order To Achieve This Goal ( To Coordinate Their Policies And Generate The Political Agreement Necessary To Tackle The Challenges Of Global Economic Interdependence).

Various G20 Meetings Promote Dialogue To Strengthen The Political Commitment Of The World’s Major Economic Leaders In Resolving Challenges That Affect Global Economic Growth, Including Issues Of Finance, Trade, Infrastructure And Investment, Energy, Employment, And Climate Change. The G20 Is A Major World Economic Forum That Has A Strategic Position Because It Collectively Represents Around 65% Of The World’s Population, 79% Of Global Trade, And At Least 85% Of The World Economy.

The G20 Is Split Into Two Tracks, The Financial Track And The Sherpa Track, To Debate These Topics. The G20 Nations’ Central Bank Governors And Finance Ministers Make Up The Financial Channel, Which Is Dedicated To Discussing Issues Pertaining To The Financial Sector. The Sherpa Track Prepares Several Papers For Discussion At The Summit And Attends To Other Topics That Are Not Related To The Financial Industry. In Order To Represent Them At Different G20 Meetings Outside Of The Summit, Sherpas Are Often Chosen Directly By The Head Of State Or Government.

There Is No Permanent Secretariat For The G20. The G20 Has A Consensus-based Presidency That Alternates Annually Based On Geographical Rotation In Its Work Method And Structure. Therefore, In Order To Maintain The G20 Agenda, The “Troika”—which Comprises Of The Outgoing President, The In-waiting Presidency, And The Current Presidency—conducts Extensive Communication And Cooperation Every Year.