The experts across the world regarded India’s presidency as an exceptional and unprecedented opportunity with immense scope and potential. India has embarked the year-long journey of G20 presidency with the motto of “Vasudhaiva Kutumbakam.”
There is an immense opportunity for steering international coordination towards economic stability and prosperity which is in general an over arching goal of G20 organization. However, there is something more quintessential to India’s Presidency which led experts and officials to attach a lot of expectations to it.
Beginning as an organisation addressing macroeconomic issues and financial risks, the G20 has shown the spirit of pluralism and contextual relevance by splitting itself into Finance and Sherpa streams. Moreover, the Sherpa track, dealing with various developmental issues across the globe, has over time expanded to include working groups on developmental issues related to the digital economy, environment, education, employment, and so on.
For the Presidency, India’s leadership has already committed itself to exploiting the linkages between economic growth, gender equality, peace, and security and the use of technological innovations for universal benefit.