G-20 declaration reflects India's growing global role

Abstract

The G20 was established in 1999 by finance ministers and central bank governors from the leading industrialised, advanced and developing economies to discuss issues of global economic stability and financial stability, in response to the Asian financial crisis. Since its inception, the G20 has regularly held annual meetings of finance ministers and central bank governors to promote and adopt measures to enhance global financial stability and to promote sustainable economic growth and development. India took over the Presidency of the G20 from Indonesia on 1 December 2022 and will hold the position for one year. During its Presidency, India aims to identify, mobilise, build and deepen international support for critical issues across various social and economic sectors. India seeks to highlight inclusive growth and development at the G20 Summit, focusing on women empowerment and representation at the core of G20 discussions. The aim of this article is to analyse the country's strengths, weaknesses, opportunities and challenges in the context of India at the G-20 Summit. The present study has been carried out using secondary data from books, government publications, open-source databases and other literature sources. It is based on both descriptive and analytical research methods.