Group Discussion Cum Presentation On “G-20 Summit- Its Impact on India and The Roadmap Ahead”

 

The PG Department of Commerce and Management conducted a group discussion cum presentation on the topic “G-20 Summit- Its Impact on India and The Roadmap Ahead”. The 18th Heads of State and Government Summit of the Group of 20 (G20) took place on 9^th & 10^th September 2023 in New Delhi, India. Under the Indian Presidency, the G20 in 2023 focused on the theme, ‘One Earth, One Family, One Future’. The theme affirms the value of humans, animals, plants, and microorganisms and their interconnectedness on planet Earth and in the wider universe.

Ms. Tanuja Parveen of M. Com Sem I initiated the discussion by giving details about G-7 which was converted into the G-8 and then to G20. The G20 is made up of 19 countries and the EU. The 19 countries are Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, the Russian Federation, Saudi Arabia, South Africa, Turkey, the UK, and the US. 

She further reiterated that the motive behind the creation of the leader’s summit was international financial stability, which was essential to recovering from the oil crisis in 1973, the financial crisis in 1998, and the Great Depression in 2008. The first official summit was in 2008 in Washington, at the leader’s level. On December 1, 2022, Indonesia gave the presidency to India, which was further forwarded to Brazil for the 19^th Summit.