G20 Summit 2023. For the first time in history, India has become the host the the Group of 20 Nations (popularly known as G20).
Apart from India, the G20 group comprises--Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US and the European Union (EU). The preparations of the G20 Summit are going with full dedication wherein both the Centre and the Aam Aadmi Party (AAP) governments have taken the credit for the beautification of Delhi.
The Group of Twenty (G20) is the premier forum for international economic cooperation. It plays an important role in shaping and strengthening global architecture and governance on all major international economic issues.
Also read: Flying out of Delhi amid G20 Summit? Police explain how one can easily reach airport The G20 was founded in 1999 after the Asian financial crisis as a forum for Finance Ministers and Central Bank Governors to discuss global economic and financial issues. Also read: G20 Summit 2023: Delhi prepared to host the mega event, showcasing rich culture and cuisine to world leaders The Group of Twenty (G20) comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom and United States) and the European Union.
The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population The G20 Presidency steers the G20 agenda for one year and hosts the Summit. India received the G20 Presidency on 1 December 2022 and now it has handed over the G20
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