GS paper 2
Syllabus: Bilateral, regional and global groupings involving India and affecting India’s interests etc
Context:
- The 17th G20 Heads of State and Government Summit will take place in Bali.
- After Indonesia, India will assume the presidency of the G20 from December 2022 to November 2023.
Benefits of G20 Presidency:
- Global agenda: India will have the opportunity to assume centre stage in proposing and setting the global agenda and discourse.
- Global economic growth: The G20 holds a strategic role in securing global economic growth and prosperity as it represents more than 80% of the world’s GDP.
- Leadership potential: The country’s leadership potential and diplomatic foresight in organizing such a big event and in arriving at meaningful outcomes will be tested.
What should India do for a successful presidency?
- Following Indonesia: India can take cues from Indonesia’s presidency and observe how it is managing the group which is deeply divided on various issues.
- Indonesia has focused on three key pillars:
- Global health architecture
- Sustainable energy transition
- Digital transformation.
- This template could be useful for India in forging a comprehensive agenda.
- Bridging the divide: India might have to address issues that help in bridging the emerging divide in the world order.
- Global concern: India can find a common ground for setting its G20 agenda by addressing issues of global concern.
- Domestic and regional issues: It needs to promote its specific priorities related to domestic and regional issues such as economic recovery, trade and investment etc
- Greater cooperation with many G20 members: such as the European Union, the U.K., and Canada, thereby accelerating their coordination on realizing free trade agreements.
- Invite and engage countries from Africa and South America: To ensure better and more balanced representation at the G20.
Prioritized areas:
- Technology transfer
- Assistance toward the green economy
- Greater access to trade for developing countries
- Addressing debt distress of countries by offering sustainable aid and loan programmes
- Tackling food and energy prices/security for vulnerable economies
Conclusion:
- Work shop of meaningful actions: India has to be central in outlining key priority areas and in ensuring that the forum does not remain just a ‘talk shop’ but translates into a ‘walk shop’ in terms of meaningful actions and outcomes.
Insta Links:
Mains Links:
Q. The long sustained image of India as a leader of the oppressed and marginalized nations has disappeared on account of its newfound role in the emerging global order.’ Elaborate(UPSC 2019)
Prelims Links:
- G20 members
- SCO
- QUAD
- FTA