India Hosting G20 Summit 2022: Prime Minister Narendra Modi has said that hosting the upcoming meeting of the G-20 group is a matter of pride in the 75th year of India’s independence and a big opportunity for the country. The Prime Minister made the remarks after unveiling the logo, theme, and website of India’s G20 Presidency during an online event. In such a situation, why is organizing this time’s G-20 summit special for the whole world including India?
Increased concern of India’s enemies
Having a G-20 summit in India can be a matter of concern for the enemy countries. Significantly, the countries that organize it are called troikas, so their issues are considered important. If this happens, then the concern of neighbors on issues like border dispute and terrorism is going to increase. The G20 is a group of countries that set the agenda of the world. We want to tell you about the strength of G-20 countries.
Need to understand G-20 in detail
G-20 countries include 20 developed and developing countries of the world. It has countries like America, Britain, Russia, China, France, Germany, Canada including India. We are currently showing you the list of 20 countries on your TV screen.
G-20 economy 85% of the world’s GDP
Overall, the economy of the countries included in the G-20 is equal to 85 percent of the GDP of this world. That is, 85 percent of the world’s production is done in these countries. If seen, all these countries are running the whole world together. Apart from this, the share of these 20 countries in the total international trade of the world is 75 percent. From this, you can understand that almost the whole world is dependent on these 20 countries.
‘Around 67% of the world’s population in the G-20’
67 percent of the world’s population lives in G-20 countries. The world’s 4 most populous countries, China, India, the US, and Indonesia, are part of the G-20. Although our neighboring country Pakistan is the 5th most populous country, it has not been able to join the G-20. While Brazil is the sixth largest country in terms of population, it is part of the G-20.
This time this country guest in G-20
India, which chairs the G20 Summit 2022, is also inviting some visiting countries. This includes Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain, and the UAE.
The initiative of the G-20 countries is very important to improve the situation in the world after the Kovid epidemic. It is possible that this time it will be discussed in the meeting. And India should take the lead.
The eyes of the world are on India
By the way, as far as India is concerned, by organizing this meeting, India is making its mark as a soft power. In the coming time, the eyes of the whole world are on India. At this time the whole world is standing on the verge of economic slowdown. Post-Covid global trade has been affected, poor countries have become poorer, global inequality has increased. At this time, inflation has reached a historic level all over the world. Many developed countries are also facing food insecurity. In such a situation, all the countries are looking towards India with hope.
‘India will be the world’s fastest-growing economy in 2023’
According to the IMF, India will be one of the fastest-growing economies in the world in the year 2023. According to the IMF, next year strong and big economies like Germany, Russia, and Italy will become weak. Britain’s growth rate will be 0.3 percent next year, and America’s growth rate will be only 1 percent. However, even in this critical period, India’s economy will grow at a rate of 6.1 percent.
The eyes of the world are on India for three reasons
It is clear from this IMF data that India will develop into a strong economy next year and this is what is attracting the world to India. All countries are pinning their hopes on India. We tell you three such reasons, why India remains the axle of the wheel of the world.
1. India’s Role in the Ukraine-Russia War
Actually, India has friendly relations with Russia. India also enjoys good relations with Ukraine and its allies in the West. The whole world is requesting India to take initiative to resolve this war. Everyone knows that if any country can stop this war, or make a treaty between the two countries, then it is India. India has so far adopted a neutral stand regarding this war. However, in many global forums, India has spoken of stopping the war and finding a peaceful solution.
2. India leads the world in the corona epidemic
3. Growing food insecurity in the world
India’s initiative towards increasing food insecurity in the world was appreciated by the world. Russia and Ukraine are major suppliers of food grains all over the world, but the ongoing war between these countries has created food insecurity in many countries. Last month, a treaty was signed between Russia and Ukraine, after which the supply of food grains has been started. This treaty was signed between Russia and Ukraine on the initiative of India. The food crisis of the world was averted because of India. The whole world is understanding the importance of India’s initiative in global affairs.
Why is it important to have the G-20 summit in India?
This is the reason why having the G20 Summit 2022 in India is important not only for India but also for many other developing countries. We also spoke to experts about the importance of G20 for India, they said that this meeting has many meanings. Because the G20 Summit 2022 to be held in India will make it an important country on the world stage. With this, he will be able to put his words, his issues, his aspirations, and his hopes firmly before the great powers of the world.
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