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Great G20 power, great responsibility

GS paper 2

Syllabus: Bilateral, regional and global groupings involving India and affecting India’s interests etc

 

Source: The Hindu

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:

G20

SCO

 

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

Which of the following is/are G20 members?

  1. Indonesia
  2. Turkey
  3. Mexico
  4. Malaysia

Select the correct answer using the codes given below:

a. 1, 2 and 3 only

b. 1, 3 and 4 only

c. 2, 3 and 4 only

d. 1, 2, 3 and 4

Ans: (a)

Justification:

Current Affairs