India’s Thrust Areas in 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.

India has taken over the Presidency of the G20 from December 01, 2022 to November 30, 2023.

Significance of G20 Presidency

• The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population.
• In this context, the G-20 Presidency offers a unique opportunity for India to contribute to the global agenda on pressing issues of international importance.
• India maintains close relations with developed countries on the one hand, and at the same time understands and expresses the views of developing countries very well.
• It is on this basis that the country will build the blueprint of G-20 Presidency together with all the friends of the 'Global South' who have been India's co-travellers on the path of development for decades.
• India will identify, highlight, develop and strengthen international support for priorities of vital importance in diverse social and economic sectors, ranging from energy, agriculture, trade, digital economy, health and environment to employment, tourism, anti-corruption and women’s empowerment, including in focus areas that impact the most vulnerable and disadvantaged.

India’s Thrust Areas in G20

• Terrorism: A firm and coordinated international action is a must to root out the menace of terrorism.
• Economic Offenders: India has prioritized dealing with economic offenders as a significant policy concern for India and other G20 members.
• Taxation: Another issue that the G20 must address is global taxation. The Base Erosion and Profit Sharing (BEPS) framework was created by the G20 in recognition of this fact.
• New Digital Technologies: Although the advantages of digital technology for economic growth and social development are well-known, there are some concerns to be addressed, such as privacy, data security, and digital governance.

Conclusion

Besides, India hopes to use the G20 forum to highlight inclusive growth and development, with women empowerment and representation being at the core of India's G20 deliberations. This includes a focus on bringing women to the fore, and in leading positions, in order to boost socio-economic development and achievement of SDGs.