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India joins G20 Troika

India has joined the G20 Troika, which consists of Indonesia, Italy, and India - the current, previous and incoming G20 Presidencies, respectively.

• Italy hosted the G20 summit during October 30-31, 2021.
• On 2^nd December 2021, Indonesia assumed the G20 Presidency and will convene various G20 meetings throughout the year, culminating with the G20 Leaders’ summit on 30-31 October 2022 under the overall theme of "Recover Together Recover Stronger”.
• India will assume the G20 Presidency on December 1, 2022 from Indonesia, and will convene the G20 Leaders’ Summit for the first time in India in 2023.

About G20

• The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union (EU).
• It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.
• The G20 is composed of most of the world's largest economies, including both industrialized and developing nations, and accounts for around 90% of gross world product (GWP), 75–80% of international trade, two-thirds of the global population, and roughly half the world's land area.
• Joko Widodo, the president of Indonesia is the current chairman of G20.

G20 and India

• As a founding member of the G20, India has used the platform to raise issues of vital importance and those that impact on the most vulnerable around the world.
• As a Troika-member, India will work closely with Indonesia and Italy to ensure consistency and continuity of the G20’s agenda.