Q.10. What is the significance of India’s Presidency in G-20? Discuss.

India’s Presidency in the G-20 is highly significant for several reasons:

• Global Leadership Role: India’s G-20 Presidency marks a pivotal moment in its history, showcasing its readiness to assume a larger role on the global stage. It reflects India’s growing economic and geopolitical influence and its capacity to contribute to global policy-making.

• Theme of Unity and Sustainability: The theme of India’s G-20 Presidency, “One Earth, One Family, One Future,” emphasizes the interconnectedness of the world and the need for a united approach to address global challenges. It also highlights the importance of sustainable development and a pro-planet lifestyle.

• Focus on Inclusivity: India’s Presidency aims to bring inclusivity to the forefront, ensuring that the voices of developing countries are heard. This is particularly important as the world seeks to recover from the pandemic and address issues such as climate change, economic disparities, and health crises.

• Strengthening Multilateralism: India’s leadership is seen as an opportunity to revitalize multilateralism and international cooperation. By fostering dialogue and collaboration among the world’s largest economies, India can help to build consensus on pressing global issues.

• Amplifying the Voice of the Global South: India’s G-20 Presidency is expected to amplify the concerns and perspectives of the Global South, advocating for equitable and fair policies that consider the needs and aspirations of all nations.

• Setting the Post-Pandemic Agenda: With its Presidency, India has the chance to shape the global economic agenda post-pandemic, focusing on recovery, resilience, and reform. This includes addressing supply chain disruptions, promoting digital transformation, and enhancing global health governance.

In essence, India’s G-20 Presidency is a testament to its commitment to global well-being and its role as a bridge between the developed and developing worlds. It is an opportunity for India to lead by example, championing a human-centric approach to globalization and sustainable development.