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Arunachal Hosting the G20 Meeting

20 Mar,2023 06:10 PM, by: Posy Lui
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What is G20?

20 major industrialized and developing economies come together as the Group of Twenty (G20). It meets frequently to discuss and address issues related to global economic stability, climate change, sustainable development, and other issues. It is the primary framework for economic cooperation on a global scale.

The European Union and 19 other countries (which comprises: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom and the United States) form the 'Group of 20'. The G20 members account for more than 80 percent of the world's GDP, 75 percent of global trade, and about two-thirds (60 percent) of the world’s population.

In addition to attempting to unite the developed and developing world economies over important concerns, it also plays a vital role in the development and reinforcement of the global network model and governance on all significant international economic issues. Furthermore, from trade to sustainable development, health, agriculture, energy, the environment, climate change, and anti-corruption, the G20's agenda has now broadened from its initial emphasis on broad macroeconomic issues.

Every year, a different Presidency (on a rotating basis) hosts the G20 Summit. The seventeenth gathering of the Group of Twenty (G20) took place in Nusa Dua, Bali, Indonesia, on November 15–16, 2022. The G20 Presidency is in charge of putting up the G20 agenda after consulting with other stakeholders and in relation to changes in the global economy. From December 1, 2022, until November 30, 2023, India will assume the G20 Presidency.

G20 India Presidency:

Assuring the continuity of the G20 agenda is the responsibility of the country generally holding the presidency, which is currently held by India; together with the preceding and succeeding presidency holders, forming the ‘Troika’. The current members of the Troika are Brazil, Indonesia, and India. The theme/motto of India’s G20 Presidency is 'VasudhaivaKutumbakam' translating to 'One Earth, One Family, One Future'.

India will host more than 200 meetings in 50 locations all over the nation as it takes over the G20 presidency for a year, from December 1, 2022, to November 30, 2023. India will then host the major G20 summit in its capital New Delhi on September 9 and 10, 2023. Also, Bangladesh, Egypt, Mauritius, the Netherlands, Nigeria, Oman, Singapore, Spain, and the United Arab Emirates will be invited as guests along with the "Group of 20" by India, which is currently holding the G20 presidency.

 Key Highlights:

 

-       Inclusive, Equitable, and Sustainable Growth,

-       LiFE (Lifestyle For Environment),

-       Women’s Empowerment,

-       Digital public infrastructure and tech-enabled development in areas ranging from health, agriculture, and education to commerce,

-       Skill mapping, culture, and tourism, climate financing, circular economy, global food security, energy security, green hydrogen, disaster risk reduction and resilience,

-       Developmental cooperation, fight against economic crime, and multilateral reforms

 

The G20 summits will be held in less traveled regions of India at different exotic locales. The decision by the Prime Minister of India, Shri Narendra Modi, to hold G20 summits in a "Pan India" format will allow foreign and local delegates who are attending to get a taste of many cultures and traditions. Despite its spectacular biodiversity and rich cultural heritage, North-East India is still largely undiscovered. The G20 presidency is a perfect opportunity to concentrate attention on the infrastructural development of the northeastern region of the country, in which the Indian government is investing extensively. Several meetings of the intergovernmental organization will also be held in the nation's northeast region, including Itanagar, Arunachal Pradesh, during India's one-year G20 presidency.

Arunachal Pradesh's preparation for the G20 summit

The G20 summit meeting, which will include representatives from the G20 countries and others, will be held in Arunachal Pradesh on March 24 and 25, during the year that India holds the G20 presidency. Planning for the event is already well underway and a committee headed by Honourable Speaker Shri PD Sona has been established by the state government, and it is actively overseeing all of the intensive preparations for the two-day event.

Delegate registration has already begun at the time of this writing, and it is estimated that roughly 60 international and 50 Indian local representatives would attend this G20 Meeting. There will be a G20 conference behind closed doors in the banquet hall, Itanagar and the gathering will feature activities including cultural exhibitions and festivities. A number of development activities have been planned for the visitors and foreign delegates. IMC is involved in work to improve civic infrastructure and beautify the area for the upcoming summit.

In sum, Arunachal Pradesh is one of the regions catching up with the developed nations. The region has witnessed several growths and made progress in major developmental areas in recent years, and with the G20 meeting being held in the state capital, it will offer new vistas for foreign investment and international relationships and will highlight the various cultures, tourism-related elements, and other potential of Arunachal Pradesh.

 


Disclaimer: The opinions expressed in this article are those of the author's. They do not purport to reflect the opinions or views of The Critical Script or its editor.

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