How you see India as a Start-Up Na

18th G20 Summit, New Delhi Updates 

        The 18th G20 Summit in New Delhi was the culmination of all the G20 processes and meetings held throughout the year among ministers, senior officials and civil societies.

About G20 

       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.

        The G20 Summit is held annually, under the leadership of a rotating Presidency. The G20 initially focused largely on broad macroeconomic issues, but it has since expanded its agenda to inter-alia include trade, sustainable development, health, agriculture, energy, environment, climate change, and anti-corruption.

Read Further | How well do you understand Geo-Politics ??

About 18th G20

     Now, this year for India, the G20 Presidency also marks the beginning of “Amritkaal”, the 25-year period beginning from the 75th anniversary of its independence on 15 August 2022, leading up to the centenary of its independence, towards a futuristic, prosperous, inclusive and developed society, distinguished by a human-centric approach at its core.

     The Group of Twenty (G20) comprises 19 countries —

• India,
• Argentina,
• Australia,
• Brazil,
• Canada,
• China,
• France,
• Germany,
• Indonesia,
• Italy,
• Japan,
• Republic of Korea,
• Mexico,
• Russia,
• Saudi Arabia,
• South Africa,
• Türkiye,
• United Kingdom
• 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.

“India's G20 Presidency will work to promote this universal sense of one-ness. Hence our theme - 'One Earth, One Family, One Future”

– Prime Minister, Narendra Modi

Key Points of G20 Summit :

• Softer Language on Ukraine War

G20 nations agreed that states cannot grab territory by force and highlighted the suffering of the people of Ukraine, but avoided direct criticism of Russia for the war.

• African Union Inside the Club

The 55-member African Union was formally made permanent member of the G20, on par with the European Union, in order to make the grouping more representative.

Until now only South Africa was a member of the G20. The entry of the AU would provide greater voice to the Global South within the G20 where the G7 countries have long played a dominant role.

• U.S., Saudi, India join hands for Transport Corridor

Leaders of the United States, India and Saudi Arabia among others announced plans to set up rail and ports links between the Middle East and South Asia and eventually to Europe which U.S. President Joe Biden said was a "real big deal."

• Incremental Progress on Climate Change

The G20 leaders agreed to pursue tripling renewable energy capacity globally by 2030 and accepted the need to phase-down unabated coal power, but stopped short of setting major climate goals.

Read Further | How do you see India as a 'Start-Up Nation' ?

How you see India as a Start-Up Na