India is hosting the pivotal G20 summit on September 10-11, gathering leaders and chiefs of major world organisations to address pressing global challenges including concerns of the Global South and the ramifications of the Ukraine conflict.
At the helm is Prime Minister Narendra Modi, orchestrating dialogues with figures such as US President Joe Biden, German Chancellor Olaf Scholz, and French President Emmanuel Macron. Leaders are meeting amidst New Delhi’s rejuvenated backdrop, courtesy of the significant preparations undertaken by the Indian government to facilitate successful discussions.
First-time Host India Focuses on Inclusive Growth and Unity
As the president of the G20, India seeks to emphasise inclusive growth and digital innovation, while fostering solutions with a global benefit in alignment with the philosophy of ‘Vasudhaiva Kutumbakam,’ translated as ‘the world is a family.’ Prime Minister Modi, an ardent advocate for uniting voices of the Global South, notably proposes the inclusion of the African Union as a permanent G20 member, a motion that enjoys broad support.
Global Leaders Navigate Complex Topics Amidst Divisions
Despite the harmonious aspirations, consensus eludes leaders on the critical issue of articulating the Ukraine conflict within the joint leaders’ declaration. Top negotiators delve into intense discussions, seeking to bridge the gap between the Western perspectives and the Russia-China stance. The absence of a unified front threatens to conclude the summit sans the anticipated declaration, putting the principle of consensus that governs G20 into a stringent test.
Potential African Union Membership Marks a Silver Lining
Offering a beacon of hope is the largely favourable reception to India’s invitation to the African Union for permanent membership in the G20 bloc, enhancing the representation of the African continent comprising 55 nations. The European Council President, Charles Michel, signalled EU’s endorsement of this inclusive initiative.
Summit Highlights Pressing Issues Including Cryptocurrency Regulation
Amidst a global economic downturn, the summit’s discourse spans reshaping international debt structures and instituting regulatory frameworks for emergent domains like cryptocurrency and artificial intelligence. India, heralding successful national initiatives, positions itself as a repository of solutions with a potential global impact.
Prime Minister Modi expressed optimism in a recent interview with PTI, noting significant advancements emanating from India’s presidency, including strides in climate finance and sustainable development.
A Milestone in India’s Global Leadership Journey
With around 200 preparatory meetings since assuming the presidency in December 2022, India has endeavoured to create a collaborative and resilient roadmap for the G20 nations representing a substantial portion of the global economy and population.
The summit delineates India’s evolving role on the world stage, echoing the sentiments of unity and collaborative progress to foster a better future for all, embodying the spirit of ‘Vasudhaiva Kutumbakam.’
As the world attentively watches, the summit outcomes hold promises of landmark decisions, including prospective positive developments on India’s proposals around digital public infrastructure and global health access.
Globally revered for steering critical conversations among powerhouse nations, the G20 summit stands as a testament to India’s commitment to nurturing inclusive growth and fostering global well-being. The stage is set for impactful dialogues that aim not only to shape India’s path but to carve a resilient and inclusive pathway for the global community.
