India's Parliament plays a lesser role in formulation and execution of foreign policy than in other parliamentary democracies. This is not what the founders of modern India envidaged. The record of discussions in the Constituent Assembly soon after Independence shows that India's founding elite wanted Parliament to be supreme in the conduct of international affairs.
It is an international forum that brings together the world's 20 leading industrialized and emerging economies which accounts for 85 per cent of world GDP, 80% of total global trade volume and two-thirds of its population. It serves as a convention for deliberate economic communication between industrialized and developing countries.