India’s G20 Presidency: From Africa’s Inclusion to IMEC, India’s Rich G20 Legacy

India’s G20 Presidency: From Africa’s Inclusion to IMEC, India’s Rich G20 Legacy

FINEPOINT PLAYLIST Shubhangi Sharma explains on FinepointA year after hosting the 2023 G20 summit in New Delhi, India reflects on the lasting impact of its presidency. The summit, which took place under the theme *Vasudhaiva Kutumbakam* – “One Earth, One Family, One Future” – emphasised global unity and sustainable development. Despite the absence of Russian President Vladimir Putin and Chinese President Xi Jinping, India’s leadership, under Prime Minister Narendra Modi, ensured that the summit left a transformative legacy. Notable achievements included the inclusion of the African Union as a permanent G20 member and the launch of the India-Middle East-Europe Economic Corridor (IMEC), a project poised to reshape global trade routes.India also introduced the Global Biofuel Alliance, demonstrating its commitment to sustainability. Furthermore, the G20 presidency showcased India’s digital innovations, such as the India Stack, highlighting the country’s advancements in financial inclusion and governance. India’s diplomatic finesse was on full display, especially with the New Delhi Leaders’ Declaration, where it brokered a balanced compromise on the Ukraine war.Throughout the presidency, India amplified the voices of the Global South, advocating for reform in development banking to better address the needs of developing nations. A year later, India continues to celebrate the historic outcomes of this summit, which redefined global diplomacy.

Leave a Reply

Your email address will not be published. Required fields are marked *