India’s G20 Presidency will focus on “equitable growth, shared future for all”: PM Modi

On Monday, November 14, Prime Minister Narendra Modi left for Bali in Indonesia to participate in the crucial G-20 Leaders Summit. “During my interactions at the G20 Summit, I will highlight India’s achievements and our unwavering commitment to addressing global challenges collectively,” the Prime Minister said in his departure statement. He also said that India’s G20 Presidency would be grounded in the theme “Vasudhaiva Kutumbakam”, or “One Earth, One Family, One Future”, which underlines the message of “equitable growth and shared future for all”. Indonesia will chair the 17th G20 Leaders’ Summit. Mr. Modi also said during the Bali Summit, and he will have extensive discussions with other G20 Leaders “on key issues of global concern, such as reviving global growth, food & energy security, environment, health, and digital transformation”.

The Prime Minister further said on the side-lines of the G20 Summit, he would meet with Leaders of several other participating countries and review the progress in India’s bilateral relations with them. “I look forward to addressing the Indian community in Bali at a Reception on November 15, 2022,” he said. Mr. Modi stated, “In a significant moment for our country and citizens, President of Indonesia Joko Widodo will hand over the G20 Presidency to India at the closing ceremony of the Bali Summit. India will officially assume the G20 Presidency from December 1, 2022.” The Prime Minister will personally extend an invitation to G20 Members and other invitees to our G20 Summit next year. Mr. Modi unveiled the Logo, Theme and Website of India’s G20 Presidency on November 8.

It may state that experts say India’s concerns about black money and tax avoidance have been taken on board at the G20. It has also been noted that the G20 must “do everything in its power” to keep inflation in range to protect the living standards for vulnerable people. Moreover, the issues of climate financing, digital assets and capital flows are also likely to continue to feature in the G20 agenda.