The group of G20 plays an important role in shaping and strengthening global architecture and governance on all major international economic issues.The G20 was founded in 1999 after the Asian . The G20 Summit Is held annually, under the leadership of a rotating Presidency. A group of countries made a great joint bond to build a rail and shipping corridor linking India with the middle East and Europe called the India- Middle East Europe Economic Corridor. The G20 has sought to realize an inclusive and sustainable world through its contributions towards resolving these global issues.The G20 committed to promoting transparent, fair, and rule based trade in agriculture , food and fertilizer . The G20 leaders emphasize the importance of strengthening the agricultural market information system and the group on earth observationsglobal agricultural monitoring for greater transparency. G20 summit started focusing not only on macro economy and trade, but also on a wide range of global issues which have an immense impact on the global economy since globalisation started progressing. India's G20 presidency is a special opportunity for India to contribute to the global agenda on urgent issues of global significance.

The initial G20 agenda focused on the substantibility of sovereign debt and global financial stability in an inclusive format that would bring in the largest developing economies as equal partners.

1. To One Earth One Family One Future.

2. To promote financial regulations that reduce risks and prevent future financial crises;  

3. To create a new international financial architecture.

4. Green Development, Climate finance & Lifestyle for Environment .

5. Women -led development.

6. Multilateral Institution for the 21st century.

7. Technological Transformation & Digital public infrastructure . There are some more as: Financial focus, inclusive growth.

In conclusion, the G20 is a platform for economic cooperation and development, which brings together the world’s largest economies to address the global economic challenges. Its annual summit provides an opportunity for the leaders of member countries to discuss a wide range of economic issues and work towards promoting strong, sustainable, and balanced economic growth. The most recent G20 summit in Osaka, Japan, addressed issues such as digital inclusion, global trade tensions, climate change, and bilateral relationships. The summit resulted in the agreement between the United States and China to resume trade negotiations, which was seen as a positive step towards resolving the ongoing trade dispute. The G20 is an important forum for economic cooperation and is likely to continue playing a significant role in shaping the global economy in the years to come.

India’s G20 presidency is set to begin in 2023, with India being the first developing country to hold the presidency. The G20 presidency is a rotating position, with each member country taking up the role for a year.India’s G20 presidency is an opportunity for the country to make significant contributions to the global economic agenda and to showcase its role in the global economy. India is the world’s fifth-largest economy and a key player in the Asia-Pacific region, making it an important partner in advancing global economic growth and development.During India’s G20 presidency, the country is expected to prioritize key economic issues such as job creation, digitalization, and innovation. India has been at the forefront of the digital revolution, with the country’s technology sector driving economic growth and creating new job opportunities. The Indian government has also launched several initiatives to promote innovation and entrepreneurship, which has led to the creation of a thriving startup ecosystem in the country.

India’s G20 presidency is an opportunity for the country to share its expertise in these areas and showcase the country’s achievements in digitalization and innovation. The Indian government has already announced plans to create a digital platform for G20 countries to share best practices and promote cooperation in areas such as financial technology and cybersecurity.Review Of Srinivas ‘sG20@2023: The Roadmap to Indian Presidency: A panoramic view,  An insider on India ‘s G20 journey that led to the presidency.As the global monetary governance is a forum or collective body of representative of many countries, it is designed to ensure coordination of action of governments. Another key priority for India’s G20 presidency is expected to be climate change and sustainable development. India has been a vocal advocate for climate action and has taken significant steps to promote sustainable development, including the launch of several renewable energy initiatives.During India’s G20 presidency, the country is expected to offer leadership on climate change and sustainable development, and to work with G20 member countries to find solutions to these pressing global challenges.

Indeed, India’s G20 presidency is also an opportunity for the country to strengthen its economic ties with other G20 member countries. India has been actively pursuing economic reform and liberalization, which has created new opportunities for trade and investment.During its presidency, India is expected to focus on promoting greater trade and investment flows between G20 member countries, particularly in areas such as technology, infrastructure, and innovation.

100^TH G20 Meeting During India's G20 Presidency : 

India hosts the leadership of the G20 from December 2022 to November 2023. The theme of India’s G20 Presidency is – “VasudhaivaKutumbakam” or “One Earth . One Family . One Future”.  The G20 has two parallel tracks:

1- The Finance Track

2- The Sherpa Track.

The G20 process from the Sherpa side is coordinated by the Sherpas of member countries, who are personal emissaries of the Leaders. The Finance Track Is mainly led by the Ministry of Finance. These working groups meet regularly throughout the term of each Presidency.

The Group does not have a permanent secretariat. The Presidency is supported by the Troika – previous, current and incoming Presidency. During India’s Presidency, Representative of the European Union will be included in this meeting and this meeting will be held at Pragati Maidan which is known as " Bharat Mandapan International Exhibition -Convention Centre. India celebrates a key milestone in its G20 Presidency today, with the hosting G20 meeting. 

India’s participation in the G20 process stems from the realization that as a major Developing economy India has a vital stake in the stability of the international economic And financial system.India has been actively involved in the G20 preparatory process both at the Sherpas Track and the Financial Track since its inception. The Prime Minister participated in all Seven G20 summits. India’s agenda at the G20 Summits is driven by the need to bringin greater inclusivity in the financial system, to avoiding protectionist tendencies and Above all for ensuring that growth prospects of developing countries do not suffer. India Has strived to ensure that the focus of the global community remains on the need to Ensure adequate flow of finances to emerging economies to meet their developmental Need. The G20 summit is mainly organized to solve future economic crises.

The G20 is a group comprising of the world’s industrialized and emerging economies, which was formed to address the economic challenges brought about by the global financial crisis of 2008.

The G20 summit,representative of guest countries. The G20 is made up of 19 countries the United Kingdom, and the United States, as well as the European Union. Over the years, the G20 has become a platform for economic cooperation and development, and its annual summit is one of the most important gatherings of world leaders and policy-makers.

The G20 was established In 1999 as a forum for finance ministers and central bank governors of the world’s largest economies. Its purpose was to address the global economic challenges and promote international financial stability. However, after the financial crisis of 2008, the role of the G20 was expanded to include the promotion of strong, sustainable, and balanced economic growth, as well as the coordination of economic policies among its member countries.

The ’20 meets annually to discuss a wide range of economic issues, including fiscal and monetary policies, trade and investment, financial architecture, and global governance. The most recent G20 summit was held in Osaka, Japan, on June 28-29, 2019. The focus of the summit was on promoting fair and sustainable economic growth, as well as addressing the challenges posed by technological innovation and global trade tensions. One of the key issues discussed at the G20 summit was the need to address the growing digital divide and promote the development of a global digital economy. The G20 recognized the importance of digitalization as a driver of economic growth, but also highlighted the need to ensure that the benefits of the digital economy are shared by all. The G20 leaders committed to developing policies that promote digital inclusion and address the challenges posed by the digital economy, such as cybercrime and data protection. 

Another important issue discussed at the G20 summit was the need to promote a rules-based international trading system. The global trade tensions between the United States and China were a major concern for the G20 leaders, who recognized that protectionist measures and unilateralism could threaten the stability of the global economy. The G20 leaders reaffirmed their commitment to a rules-based multilateral trading system and pledged to work towards the modernization of the World Trade Organization.

The summit also addressed the need to address climate change and promote sustainable development. The G20 leaders recognized the urgent need to respond to the challenges of climate change and expressed their commitment to the Paris Agreement on climate change. They also highlighted the importance of accelerating the transition towards a low-carbon economy and promoting sustainable infrastructure development. One of the most significant outcomes of the G20 summit was the agreement reached between the United States and China to resume trade negotiations. The leaders of both countries expressed their desire to find a solution to the ongoing trade dispute and work towards a fair and balanced trade relationship. The resumption of trade negotiations between the two largest economies in the world was seen as a positive development for the global economy.

The G20 summit also provided an opportunity for the leaders of the member countries to discuss bilateral issues and strengthen their relationships. One of the notable bilateral meetings was between the leaders of the United States and Russia, who discussed a range of issues, including arms control and the crisis in Syria. The meeting between the two leaders was seen as a positive step towards improving the strained relations between the two countries.

India’s G20 presidency is a crucial opportunity for the country to make a significant contribution to the global economic agenda, and to showcase its role in the global economy. By prioritizing key issues such as job creation, digitalization, and innovation, as well as climate change and sustainable development, India can offer valuable leadership and work with other G20 member countries to find solutions to pressing global challenges. It is expected that India’s G20 presidency will strengthen the country’s economic ties with other member countries, and promote greater cooperation and collaboration in areas such as trade and investment.

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2. Peter I Hajnal, “ The G20 evolution, interrelationship, documentation” 2014

3. Marina Larionova And John J. Kirton, June 2015, “ The G8-G20 relationship in global governance”

4. Colin I. Bradford wonhyuk Lim, Washington,D.C. 2011 “ Global Leadership In Transition Making” the G20 More Effective and Responsive”

5. Dried Lesage and Jan Wouters,2023 Newyork, “ The G20, Development And The UN Agenda” 2030

6. Manjeet Kripalani,2022; “ India In The G20 Rule-Taker to Rule- Maker”.

7. Parthasarathi Shome;2014, Cambridge University,” The G20 Macroeconomics Agenda India and the Emerging Economies “.