G20 Summit 2023 New Delhi Highlights

 

The G20 New Delhi summit 2023 was the 18^th meeting of G20 (Group of Twenty). G20 summit 2023 was held successfully in Bharat Mandapam, International Exhibition Convention Centre, Pragati Maidan, New Delhi on September 9-10, 2023. It was the first G20 summit held in India.

The theme of summit, “Vasudhaiva Kutumbakam” or “One Earth, One Family, One Future.” Vasudhaiva Kutumbakam is drawn from the ancient Sanskrit text of the Maha Upanishad, which means "The World Is One Family". Indian tradition mentions "Vasudhaiva Kutumbakam" meaning all living beings on the earth are a family.

The G20 New Delhi Summit is chaired by the Indian Prime Minister, Narendra Modi. India's presidency of G20 began on December 1, 2022. India will continue to hold the position until November 30, 2023. The presidency handover ceremony was held at the close of the G20 Bali summit 2022, in which the G20 Presidency Gavel was transferred from Indonesian President Joko Widodo to Indian Prime Minister Narendra Modi. The Presidency is supported by the Troika – previous, current and incoming Presidency. During India’s Presidency, the troika will comprise Indonesia, India and Brazil, respectively. Indian Prime Minister, Narendra Modi formally handed over the G20 presidency for 2024 to Luiz Inácio Lula da Silva, the President of Brazil .

Bharat-Mandapam

 Participating Leaders and Countries in G20 New summit

The Russian President Vladimir Putin and Chinese President Xi Jinping skipped the summit. Their places were taken up by Russian foreign minister Sergey Lavrov and Chinese premier Li Qiang, respectively. India invited representatives of International organizations like the UN, IMF, World Bank and WTO, for the meeting.

 

Country India	Leader Name Narendra Modi (Host)
Argentina	Alberto Fernández
Australia	Anthony Albanese
Brazil	Luiz Inácio Lula da Silva
Canada	Justin Trudeau
China	Li Qiang
France	Emmanuel Macron
Germany	Olaf Scholz
Indonesia	Joko Widodo
Italy	Giorgia Meloni
Japan	Fumio Kishida
Mexico	Andrés Manuel López Obrador
Russia	Sergey Lavrov
Saudi Arabia	Salman bin Abdulaziz Al Saud
South Africa	Cyril Ramaphosa
South Korea	Yoon Suk-yeol
Turkey	Recep Tayyip Erdoğan
United Kingdom	Rishi Sunak
United States	Joe Biden
European Union	Ursula von der Leyen
European Union	Charles Michel

 

G20 Summit Invitees

 

Country	Leader
Bangladesh	Sheikh Hasina
Comoros	Azali Assoumani
Egypt	Abdel Fattah el-Sisi
Mauritius	Pravind Jugnauth
Netherlands	Mark Rutte
Nigeria	Bola Ahmed Tinubu
Oman	Haitham bin Tariq
Rwanda	Paul Kagame
Singapore	Lee Hsien Loong
Spain	Pedro Sánchez
UAE	Mohamed bin Zayed Al Nahyan

 

Key Outcomes of the 2023 G20 Summit

1. G20 Leaders' New Delhi Declaration achieved unanimous consensus, addressing diverse global issues, from Russia-Ukraine tensions to sustainable development.
2. The G20 leaders agreed to admit the African Union as a permanent member of the G20, which is a major step towards increasing the representation of developing countries in the forum.
3. Global Biofuels Alliance (GBA) is an India-led initiative that aims to develop an alliance of Governments, International Organizations, and industry to promote the adoption of biofuels.
4. A MoU was signed between the Governments of India, USA, Saudi Arabia, European Union (EU), UAE, France, Germany and Italy to establish the India-Middle-East-Europe Economic Corridor (IMEC). IMEC is a significant infrastructure project connecting India, Middle East, and Europe. The project aims to establish a network of transport corridors, including railways and sea lanes.
5. The New Delhi Leaders Declaration was adopted with consensus.

G20 New Delhi Leaders’ Declaration

About G20:

The G20 originated in 1999 in response to the Asian financial crisis of 1997-98, initially serving as an informal platform for finance ministers and central bank governors from both developed and developing economies. In 2008, the global financial crisis, the G20 expanded to include the heads of state of member countries.

The G20 Presidency rotates annually under a troika system, involving the current, previous, and next host countries. In 2022, India took over the G20 Presidency from Indonesia, the preceding member of the troika. The presidency has now been passed to Brazil, the next troika country.

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Er. Kamal Chauhan

Founder of World Current Affairs. Inspired to make things looks better.