g20 short essay in english

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Essay on G20 Summit in English: 100, 200 and 500 Words

The G-20 consists of the finance ministers and governors of the central banks of 19 of the world's top economies, plus the European Union and African Union. The goals of the G20 are to—coordinate policies among its members to achieve sustainable growth and global economic stability; advance financial laws that lower risks and avert future financial crises; and establish a new global financial architecture. Here are a few sample essays on the G20 Summit in English.

100 Words Essay on G20 Summit

200 words essay on g20 summit, 500 words essay on g20 summit.

The G20 Summit is an international forum for the governments and central bank governors from 21 major Economies. The summit was established in 1999 to discuss policy issues related to international economic cooperation and development. The 21 countries in the G20 account for approximately 85% of the world's GDP and two-thirds of its population. These countries are—Argentina, Australia, Brazil, Canada, China, the African Union, European Union, France, Germany, India, Indonesia, Italy, Japan, Russia, Mexico, Saudi Arabia, South Africa, Turkey, the UK and the USA. The G20 is important for India because it provides a platform for the country to engage with the world's largest economies, promote its economic interests, and address critical global issues.

Importance of G20 For India

The G20 is important for India for several reasons:

Representation: India is one of the countries represented in the G20, giving it a voice in the international forum for discussing policy issues related to the global economy. This provides India with an opportunity to share its perspectives and opinions on key economic issues and to participate in shaping global economic policies.

Economic Growth: The G20 provides a platform for India to engage with the world's largest economies and to promote its economic interests. India can leverage the G20 platform to attract investment and trade, driving its economic growth and development.

Global Issues: The G20 is an important platform for India to address global issues such as climate change, poverty, and inequality. India can work with other G20 countries to solve these issues and promote sustainable and inclusive economic growth.

Financial Stability: The G20 is also relevant for India because it plays a role in enhancing international financial stability. India can participate in discussions on financial regulation and stability, which can help ensure that the global financial system remains stable and resilient.

The G20 also provides India with an opportunity to participate in shaping international economic policies and enhance its financial stability. The 2024 G20 Summit is expected to focus on several key issues, including global economic recovery, promoting sustainable and inclusive economic growth, and addressing inequality and poverty. The leaders will also discuss ways to tackle the climate crisis, strengthen the international trade system, and enhance international financial stability.

One of the major topics of discussion at the 2024 G20 Summit will be around the ongoing climate change issues. The leaders will exchange views on the global response to world climate change. The G20 summit will help in designing some new rules and regulations to save the environment.

Another critical issue to be discussed is the global economy's recovery from the pandemic and the efforts needed to restore growth and create jobs. The leaders will focus on implementing policies that support investment and trade, promoting digital transformation, and addressing the challenges faced by small and medium-sized enterprises.

The 2024 G20 Summit will also provide an opportunity for the leaders to address the climate crisis and work towards a more sustainable and inclusive future. The summit is expected to explore ways to transition to a green economy and reduce greenhouse gas emissions while promoting economic growth and job creation.

The G20 Summit is a critical event for addressing the challenges facing the global community. The leaders will come together to discuss the issues affecting the world's economy, and the need for a sustainable and inclusive economic recovery. The summit will provide an opportunity for leaders to exchange views and work together towards a better future for all. It is a platform that can give new directions to the world.

Relevance of G20 Summit

The G20 Summit is relevant because it provides a platform for the leaders of the world's largest economies to come together and address critical global issues.

The G20 countries represent 85% of the world's GDP and two-thirds of its population, making it a significant forum for international economic cooperation and decision-making.

The G20 Summit allows leaders to exchange views, discuss policy solutions, and coordinate efforts to address major challenges facing the global community. These challenges can range from economic issues such as recession, trade, and investment, to social issues such as poverty, inequality, and climate change.

The G20 Summit is also relevant because it provides a platform for collective action. The leaders can work together to implement policies and initiatives that will have a significant impact on the global economy and society. For example, the G20 has played a crucial role in responding to the global financial crisis of 2008 and in coordinating the global response to the COVID-19 pandemic.

In conclusion, the G20 Summit is relevant because it brings together the leaders of the world's largest economies to address critical global issues and work towards finding solutions. Its significance lies in its ability to facilitate international cooperation and decision-making, and in its potential to drive collective action and create a better future for all.

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Essay on G20 Summit 2023 in English for School Students

Essay on g20 summit delhi: the g20 summit 2023 is being held in new delhi, india. students must understand how important this is for our nation. check this english essay on g20 summit 2023 and amaze your teachers and friends with your knowledge.

About G20 Summit 2023

The 18th G20 Summit is the high point of a year filled with G20 activities. The G20 Summit 2023 is being held in Delhi, India from September 9 and September 10, 2023.

Who are G20 Members?

When did india join the g20, what is the theme of the 2023 g20 summit delhi, which country will host the g20 presidency in 2024, 200 words essay on g20 summit 2023.

The G20 Summit stands as a pivotal international gathering where the leaders and central bank governors from 20 of the world's most influential economies come together to deliberate on matters of global economic significance. Established in 1999, this summit was conceived to facilitate discussions surrounding policy issues concerning international economic cooperation and development.

The G20 member nations collectively wield tremendous economic power, representing a staggering 85% of the world's Gross Domestic Product (GDP) and a majority of the global population. These member countries include Argentina, Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Russia, Mexico, Saudi Arabia, South Africa, Turkey, the United Kingdom, and the United States.

For India, the 2023 G20 is of paramount importance. It serves as a platform through which the nation can engage with the world's foremost economic players, advocating for its economic interests and addressing pressing global concerns. India, with its rapidly growing economy and substantial population, seeks to leverage this forum to not only safeguard its own interests but also to contribute to the resolution of critical global challenges, such as climate change, trade, and economic stability.

Importance of the G20 Summit

Together, the G20 members account for approximately 85% of the world's total economic output (GDP), more than 75% of worldwide trade, and nearly two-thirds of the global population, making it a vital forum for international economic cooperation. The G20 Summit is important as it serves as a platform for the leaders of the world's largest economies to collaborate on pressing global matters. 

At the G20 Summit, leaders exchange ideas, deliberate on policy solutions, and coordinate efforts to tackle various global challenges, encompassing economic issues like recessions, trade, and investments, as well as social concerns like poverty, inequality, and climate change.

Importance of India’s G20 Summit Presidency 2023

G20 is the premier forum for international economic cooperation representing around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population.

During the course of its G20 Presidency, India will host about 200 meetings in 32 different sectors in multiple locations across India.

• According to Prime Minister Modi, this term can be an opportunity for India to share its expertise with the world in areas of women empowerment, democracy and digital technologies.
• As a country with core democratic values, India can show the world that the scope of conflict can come to an end when democracy becomes a culture. This gains significance amidst the ongoing Russia-Ukraine conflict.
• India’s foreign policy is focusing on the ‘global common good’. Through its G20 leadership, India hopes to extend this principle towards finding sustainable solutions to some of the key global challenges emerging out of the interconnectedness of the world, such as climate change, new and emerging technologies, food and energy security, etc.
• This would be the first time when the Troika would consist of three developing countries and emerging economies.
• It is hoped that as a result there would be a shift in the balance of power within the G20 favouring emerging economies to have a greater share in decision-making at this grouping.
• The G-20 Presidency presents a great opportunity for India to correct the long-standing anomalies that go against developing countries, especially in the domain of agriculture and food subsidies.

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Essay on G20 Summit- The G20 Summit is an annual gathering of leaders from the world’s largest economies and the European Union. It serves as a critical forum for international economic cooperation and development. Established in 1999, the G20 Summit plays a significant role in shaping the global economic landscape and addressing pressing global challenges. This essay will explore the origins and evolution of the G20, its organizational structure, the importance of the summit, India’s G20 Summit presidency in 2023, and the key discussions and outcomes of the G20 New Delhi Summit.

Origins and Evolution of the G20

The G20 was created in response to the financial crises that emerged in several emerging economies in the 1990s. It aimed to provide a platform for Finance Ministers and Central Bank Governors to discuss global economic and financial issues. In December 1999, the first informal dialogue took place in Berlin, Germany, with representatives from advanced and emerging economies. Since then, Finance Ministers and Central Bank Governors have met annually.

Organizational Structure of the G20

Unlike other international organizations, the G20 operates without a permanent secretariat or staff. The chairmanship of the G20 rotates annually among its members. The chair, along with the past and future chairs, forms the Troika, which manages the G20’s affairs. The preparatory process for the G20 Summit is conducted through the Sherpa and Finance tracks. The Sherpa track focuses on non-economic and financial issues, while the Finance track addresses economic and financial matters. Expert working groups support both tracks in their technical and substantive work.

Importance of the G20 Summit

The G20 Summit holds immense importance as it brings together countries that represent approximately 85% of global GDP, 80% of global trade, and two-thirds of the world’s population. It serves as a platform for leaders to exchange ideas, deliberate on policy solutions, and coordinate efforts to address global challenges. The G20 Summit has played a crucial role in responding to major crises such as the 2008 global financial crisis and coordinating the global response to the COVID-19 pandemic.

India’s G20 Summit Presidency 2023

India assumes the G20 Summit presidency in 2023, reflecting its growing economic prowess and global influence. As the host of the G20 Summit, India aims to advocate for its economic interests and contribute to resolving critical global challenges. India’s G20 leadership provides an opportunity to showcase its expertise in areas such as women empowerment, democracy, and digital technologies. As a country with core democratic values, India can demonstrate that conflicts can be resolved when democracy becomes a culture.

India’s foreign policy focuses on the “global common good.” Through its G20 leadership, India aims to find sustainable solutions to key global challenges, including climate change, emerging technologies, food and energy security. India’s G20 presidency also presents an opportunity to address long-standing anomalies that disadvantage developing countries, especially in the areas of agriculture and food subsidies.

G20 New Delhi Summit: Discussions and Outcomes

The G20 New Delhi Summit, held on September 9 and 10, 2023, focused on the theme “One Earth, One Family, One Future.” The summit addressed various important issues, including food security, climate and energy, development, health, and digitalization. The discussions aimed to find collaborative solutions to these challenges and promote global economic stability and sustainable growth.

In Session 1, titled “One Earth,” participants discussed the world economy, food security, climate and energy, and the environment. The importance of observing the United Nations Charter and achieving a just and lasting peace in Ukraine was emphasized, given Russia’s aggression. Prime Minister Kishida highlighted the need for cooperation among countries to address global crises and reaffirmed the significance of the G7 Hiroshima Summit’s outcomes being integrated into the G20.

In Session 2, titled “One Family,” inclusive growth, the Sustainable Development Goals (SDGs), and health were discussed. G20 members stressed the importance of reducing poverty and inequality, accelerating efforts towards achieving the SDGs, and preparing for pandemics.

In Session 3, titled “One Future,” leaders discussed multilateral reforms, digitalization, and other issues. Prime Minister Kishida reiterated Japan’s support for the African Union’s membership in the G20, acknowledging the increasing roles of African countries in the international community. He highlighted the necessity of multilateral system reforms to overcome global challenges and shape a better future.

The G20 New Delhi Leaders’ Declaration, issued as a summary of the discussions, highlighted the commitments and actions agreed upon by the participating countries. Prime Minister Kishida engaged in brief talks with leaders from over 29 countries, fostering dialogue and strengthening international cooperation.

The G20 Summit plays a vital role in shaping the global economy and addressing pressing global challenges. As India assumes the G20 Summit presidency in 2023, it has the opportunity to advocate for its economic interests and contribute to finding sustainable solutions to key global issues. The discussions and outcomes of the G20 New Delhi Summit reflect the commitment of participating countries to collaborate and take collective action for global economic stability, inclusive growth, and the well-being of all nations. By working together, the G20 members can shape a better future for the world economy and foster international cooperation on a scale commensurate with their collective influence.

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What is the G20?

This is the first meeting of the Group of 20 (G20) since Italy hosted the 2021 G20 summit in Rome. Image:  Leon Neal/Pool via REUTERS

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This article was first published in 2016 and has been updated in November 2022.

• Leaders from the world’s twenty largest economies are gathering in Bali, Indonesia this week to discuss the world’s most pressing challenges.
• High on the list of agenda items this year are US-China trade relations, the war in Ukraine and the likely economic recession.
• This is the first meeting of the Group of 20 (G20) since Italy hosted the 2021 G20 summit in Rome.

This year’s Group of 20 (G20) summit is being chaired by Indonesian President Joko Widodo, who has hailed the two-day gathering as an opportunity “to build a healthier, more just, and a more sustainable order” in the aftermath of the COVID-19 pandemic.

The G20 is a forum of the twenty largest economies in the world that meets regularly to discuss the most pressing issues facing the global economy.

Together, the G20 accounts for more than 80% of world GDP, 75% of global trade and 60% of the population of the planet. The current members are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States, plus the European Union.

What does the G20 discuss?

The G20 started in 1999, following the Asian financial crisis, as a forum for finance ministers and central bank governors from the major developed and emerging economies to discuss global financial issues.

Amid the global financial crisis in 2008, it grew into the leaders’ summit, a place where presidents and prime ministers could get together for two days to try to solve the world’s economic problems.

Successive meetings of G20 leaders were held in Washington DC in 2008, London in early 2009 and Pittsburgh in late 2009, and have since become annual fixtures.

In the run-up to summits, senior officials known as "sherpas" thrash out the issues for discussion, with the aim of getting G20 members to reach agreement at the summit. Like sherpas in the Himalayas, they help guide their leaders through often difficult terrain, and do the diplomatic legwork.

There are also meetings of finance ministers and central bank governors, trade representatives and anti-corruption working groups.

Who is invited?

The G20 presidency rotates between members and is picked from different regions each year. In 2015, the G20 host was Turkey. This year it is China’s turn, with the theme: “Toward an innovative, invigorated, interconnected and inclusive world economy.”

Spain is a "permanent invitee", and the G20 host also invites a handful of guest countries as a way of reaching out to non-members. However, to invite more nations to join the G20 would make decision-making too cumbersome, the thinking goes.

The heads of a number of international organizations also participate, including the International Monetary Fund, the United Nations, the World Bank and the World Trade Organisation.

Why the summit matters

While the G7 is made up of rich countries, the G20 manages to get leaders from both developed and emerging economies around the table, representing a far broader range of views.

It has been credited with reaching important agreements such as the trillion-dollar pledge in 2009 to help struggling economies during the global financial crisis.

Sometimes, however, it has proved hard for such a diverse group of countries to reach consensus. The hope that the G20 agenda would broaden beyond the global economy to include discussion of political issues, such as security and climate change, has not really materialized.

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What is the G20, who’s in it and what happens at its summits?

The Group of Twenty (G20), a collection of twenty of the world’s largest economies formed in 1999, was conceived as a bloc that would bring together the most important industrialized and developing economies to discuss international economic and financial stability.

Its annual summit, a gathering of G20 leaders that debuted in 2008, has evolved into a major forum for discussing economics as well as other pressing global issues. Bilateral meetings on the summit’s sidelines have occasionally led to major international agreements. And while one of the group’s most impressive achievements was its robust response to the 2008 financial crisis, its cohesion has since frayed, and analysts have criticized its lackluster response to the COVID-19 pandemic.

Under President Donald Trump, the United States clashed with the rest of the group on trade, climate, and migration policy. President Joe Biden promised a return to multilateral cooperation, achieving a new global agreement on corporate taxation, but tensions have continued to grow as high- and low-income countries have increasingly diverged on major issues. The 2023 summit in New Delhi, India, is expected to address climate change, economic development for low-income countries, and the ongoing fallout from the war in Ukraine.

Who is in the G20?

The G20 is a  forum comprising  nineteen countries with some of the world’s largest economies, as well as the European Union (EU). The countries are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom (UK), and the United States. Spain is invited as a permanent guest.

At a summit in late 2022, Biden announced that the United States would support membership for the African Union (AU), a bloc of fifty-five states in Africa. Other G20 members, including China and France, have previously expressed their support. Indian Prime Minister Narendra Modi  has said  that AU membership will be on the agenda at the 2023 summit. If approved, the AU would be the group’s first new member since its inception.

Every year, the leaders of G20 members meet to discuss mainly economic and financial matters and coordinate policy on some other issues of mutual interest. Examples include when the G20 discussed how to address a covert  Iranian nuclear plant  at the 2009 summit and when the forum debated how to administer a  partial cease-fire  in Syria at the 2017 summit. The G20 is not a permanent institution with a headquarters, offices, or staff. Instead, its leadership rotates on an annual basis among its members, its decisions are made by consensus, and implementation of its agenda depends on the political will of the individual states.

Why does the G20 matter?

Together, the nations of the G20 account for around 80 percent of global economic output, nearly 75 percent of global exports, and about 60 percent of the world’s population. These figures have remained relatively stable while the corresponding rates for  Group of Seven  (G7) nations, a smaller group of advanced democracies, have shrunk, as larger emerging markets take up a relatively greater share of the world’s economy.

The G20 was formed in 1999, in the wake of the Asian financial crisis, to unite finance ministers and central bankers from twenty of the world’s largest established and emerging economies. A decade later, at the height of the global economic crisis, the G20 was elevated to include heads of state and government. Many experts credit the G20 with quick action; former CFR fellow Stewart Patrick said the group “ rescued a global financial system in free fall .” In 2008 and 2009, G20 nations agreed to spending measures worth $4 trillion to revive their economies, rejected trade barriers, and implemented far-reaching reforms of the financial system.

Since then, many observers say, the G20 has struggled to achieve similar success on its goals of coordinating monetary and fiscal policies, achieving higher growth, and rooting out corruption and tax evasion. Geopolitical analysts Ian Bremmer and Nouriel Roubini  have argued  against the G20’s utility, saying that a “G-Zero” world is emerging instead—one in which countries go it alone or form ad hoc coalitions to pursue their interests. In 2021, then CFR President Haass and senior fellow Charles A. Kupchan called for a  new concert of powers , contending that “fly-in, fly-out” G20 summits are often bogged down by “haggling over detailed, but often anodyne, communiqués.”

But experts point out that the G20’s membership is still more representative of the current international balance of power than blocs of countries formed earlier, such as the G7. Several rising democracies, including Brazil, India, and Indonesia, belong to the G20, as do other influential autocratic countries, such as China, Russia, and Saudi Arabia. (Russia’s G7 membership was suspended indefinitely in 2014 following its annexation of Ukraine’s Crimea region.) For this reason, Patrick described the 2008 elevation of the G20 as a  watershed moment in global governance  and argued that the group was the  best-suited forum  for tackling the challenges of the COVID-19 pandemic.

What’s been on the agenda?

The G20 initially focused largely on broad macroeconomic policy, but it has expanded its ambit.  The 2016 summit in Hangzhou, China, broke new ground when U.S. President Barack Obama and Chinese President Xi Jinping formally announced their countries’ accession to the Paris Agreement on climate.

Economic and financial coordination remains the centerpiece of each summit’s agenda, but issues such as the future of work, climate change, and global health are recurring focuses as well. Broader agendas became more common in the decade following the global financial crisis, when the G20 was able to turn its attention beyond acute economic crisis management. But at recent summits, countries have struggled to reach a unified consensus—the hallmark of previous iterations of the conference—as the interests of high- and low-income economies continue to diverge.

The COVID-19 pandemic posed a major test for the group, which Patrick has criticized for largely failing to move beyond “uncoordinated national policies.” However, G20 countries did agree to  suspend debt payments  owed to them by some of the world’s poorest countries, providing billions of dollars in relief.

Although climate change has been a focus of recent summits, meetings have yielded  few concrete commitments  on the issue. At the 2021 Rome summit, countries agreed to curb  emissions of methane  and end public financing for most new coal power plants overseas, but they said nothing about limiting coal use domestically. (China, the world’s largest emitter, permitted more domestic coal power plants in 2022 than any year since 2015). At the 2022 gathering, Indonesia agreed to close coal power plants in exchange for $20 billion in financing from high-income countries, including the United States. But as of 2023, it is still building coal-fired plants.

As the 2023 host, India is framing the agenda around issues facing lower-income countries in the so-called Global South. These include rising debt levels, persistently high inflation, depreciating local currencies, food insecurity, and increasing severe weather events associated with climate change. However, analysts expect divisions over the Russian invasion of Ukraine to continue to split the group. None of the ministerial meetings that precede the G20 leaders’ summit has produced a joint communiqué, which prior to the war was a staple of such meetings. With Russian President Vladimir Putin absent at the 2022 summit in Indonesia, leaders issued a joint declaration deploring the “aggression by the Russian Federation against Ukraine.” In August 2023, Putin said he would again skip the summit.

What have been the main points of contention?

Geopolitical tensions, heightened by the Russian invasion of Ukraine but also spurred by strategic competition between China and the United States, have increasingly threatened cooperation. In the United States, bipartisan legislative efforts have aimed to  deny Russia standing in the World Trade Organization  (WTO) and other international institutions. Russia’s participation in the G20 has grown contentious, with some Western countries seeking to exclude Moscow, though members including China and Brazil have opposed that idea.

G20 members could also face divisions over how to address the economic shocks disproportionately affecting emerging economies. The energy crisis resulting from the war in Ukraine has led to food scarcity and soaring energy prices, as well as inflationary pressures that have engendered a  stronger U.S. dollar  at the expense of depreciating currencies in emerging economies. As a result, more countries are turning to international lenders for bailouts; over one hundred countries have requested emergency assistance from the  International Monetary Fund (IMF)  since the beginning of the pandemic. IMF lending to distressed economies  soared to a record high  of $140 billion in 2022. The G20 introduced a common framework for debt treatment ahead of its 2020 summit, but only four countries—Chad, Ethiopia, Ghana, and Zambia—have requested debt relief under the framework. Experts blame divisions between lender countries. “No framework for coordination among official creditors can work if official creditors don’t have enough in common to work together,” CFR senior fellow Brad W. Setser  wrote  in March 2023. “The ‘Common Framework’ exists in name only.” International lenders are now  considering ways  to reform the framework.

The group’s long-standing commitment to an  international order based on WTO principles  of reducing tariffs and other trade barriers has in recent years collided with growing economic competition between great powers. President Trump launched a multifront trade war involving several G20 members, imposing a suite of tariffs on China that the Biden administration has largely left in place. Biden has also pursued other measures meant to “de–risk” the U.S. economy from China’s. In August 2022, he signed the CHIPS and Science Act, which encourages advanced technology manufacturing to move back to the United States. That measure was followed by strict export controls that restricted China’s ability to buy certain chips made anywhere in the world with U.S. inputs, and an  outbound screening regime  prohibiting some U.S. investments in Chinese sensitive technology sectors.

There is also still friction within the group regarding climate change. China, India, Russia, and Saudi Arabia reportedly  blocked an agreement  on phasing out coal use and fossil fuel subsidies at a July 2021 meeting of environment ministers. And following the invasion of Ukraine, Germany and other G20 countries have  reneged on previous promises  to stop financing fossil fuel projects overseas.

What happens on the sidelines of the summits?

Some experts have emphasized the G20’s flexibility compared with other multilateral institutions, noting that it can help shake up a sometimes rigid geopolitical order. This flexibility extends to the summits themselves, where bilateral meetings between heads of state and government often focus on issues outside the formal agenda.

These tête-à-têtes, whether planned or impromptu, often grab headlines due to their diplomatic gravity. In Hamburg, Germany, in 2017, Trump met Putin for the first time, holding multiple meetings that lasted several hours each and  sparked concerns  among U.S. allies within the G20. The following year, a bilateral meeting again overshadowed the G20 summit, this time between Trump and Chinese President Xi Jinping. The two leaders agreed to delay threatened tariff hikes.

The 2022 Bali summit hosted the first in-person meeting between Biden and Xi since Biden was elected in 2020. Though the two leaders did not agree to any tangible measures, they committed to keeping diplomatic lines of communication open.

Many experts stress the substantial effects of personal relationships among leaders on the creation of foreign policy. By gathering so many leaders together, G20 summits offer rare opportunities to develop such relationships and recast bilateral ties.

This article is republished from  the Council on Foreign Relations . Read the  original article .

James McBride is a senior online writer/editor of economics at the Council on Foreign Relations.

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What Biden hopes to accomplish at G20 summit in India and visit to Vietnam

World Sep 08

Essay on G20

Students are often asked to write an essay on G20 in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on G20

Introduction.

G20, short for Group of Twenty, is an international forum for governments and central bank governors. It consists of 19 countries and the European Union.

Members of G20

The member countries are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States.

Importance of G20

The G20 was formed to discuss policy issues pertaining to the promotion of international financial stability. It seeks to address issues that go beyond the responsibilities of any one organization.

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250 Words Essay on G20

Introduction to g20.

The Group of Twenty (G20) is an international forum for the governments and central bank governors from 19 countries and the European Union. Established in 1999, the G20 aims to discuss policy issues pertaining to the promotion of international financial stability.

Member Countries and Influence

The G20 members include a mix of the world’s largest advanced and emerging economies, representing about two-thirds of the world’s population, 85% of global gross domestic product, and over 75% of global trade. The influence of the G20 extends beyond its core members due to its economic and political weight.

Role and Function

The primary role of the G20 is to prevent future international financial crises. It seeks to shape the global economic agenda, by fostering dialogue amongst key countries within the global economic system. The G20 has no permanent staff or headquarters, making it a flexible and informal forum.

Significance and Criticism

The G20’s significance lies in its capacity to facilitate international economic cooperation. However, it has been criticized for its lack of transparency, accountability, and representation of smaller or less developed countries.

Despite its criticisms, the G20 remains an important platform for dialogue and decision-making at the highest levels of government and central banking. Its ability to adapt and respond to global economic challenges will continue to shape its relevance in the years to come.

500 Words Essay on G20

The Group of Twenty, popularly known as G20, is an international forum for governments and central bank governors from 19 countries and the European Union. Established in 1999, the G20 aims to discuss policy issues pertaining to the promotion of international financial stability. It seeks to address issues that go beyond the responsibilities of any one organization.

Member Nations and Structure

The G20 comprises 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, United States, and the European Union. These economies represent around 85% of the gross world product (GWP), 80% of world trade, two-thirds of the world population, and approximately half of the world’s land area. The G20 operates without a permanent secretariat or staff, and its chairmanship rotates annually among its members.

Role and Importance

The G20 plays a pivotal role in global economic governance. Amidst the global financial crisis of 2008, the G20 was instrumental in preventing the global economy from slipping into a depression. It did so by coordinating national fiscal stimulus packages, enhancing the resources of international financial institutions, and initiating a financial sector reform agenda.

Challenges and Criticisms

Despite its significant role, the G20 has been criticized for its lack of representation and transparency. Critics argue that many countries, especially those from Africa, are underrepresented. Furthermore, decisions are often made behind closed doors, with little input from non-member countries. The G20’s effectiveness has also been questioned given the persisting global economic imbalances and the lack of enforceability of its decisions.

Future of G20

The future of the G20 hinges on its ability to adapt and respond to global challenges. Climate change, income inequality, and digital transformation are just a few issues that require a coordinated international response. The G20’s capacity to effectively address these issues will determine its relevance in the coming years.

The G20, as a forum for international economic cooperation, plays a crucial role in the global economic landscape. While it has its share of criticisms, its contribution to mitigating the effects of the 2008 financial crisis is noteworthy. As we move forward, the G20 must strive to enhance its representation, transparency, and effectiveness to address the pressing challenges of our time.

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Explained | What is G20, Why it Matters & How it Works: All About the Int'l Grouping and Its Origins

Curated By : Majid Alam

Last Updated: September 09, 2023, 09:00 IST

New Delhi, India

People stand infront of Nataraja, a statue of Hindu lord Shiva as the cosmic dancer, installed next to 'Bharat Mandapam', the main venue of the G20 Summit, in New Delhi. (Reuters)

G20 was founded in 1999 to bring together financial ministers from 19 countries and the European Union to address issues related to the global economy

Leaders and heads of state from the leading economies of the world arrived in New Delhi to attend the two-day G20 summit, beginning from Saturday. World leaders including US President Joe Biden, German Chancellor Olaf Scholz, French President Emmanuel Macron and others will meet at the Bharat Mandapam, situated in New Delhi’s Pragati Maidan over the weekend and discuss the economic and pressing challenges before the leading markets.

Here is everything you need to know about the G20 – from its members to its origin and about the agenda and common communique.

What is G20?

The G20 or the Group of Twenty is an annual summit of the influential grouping of 20 countries, that represent around 85 percent of the global GDP, over 75 percent of the global trade, and about two-thirds of the world population.

What are G20 Countries?

The grouping comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US and the European Union (EU).

What is G20 Meeting?

The G20 countries meet every year and the summit is the culmination of all the G20 processes and meetings held throughout the year among ministers, senior officials and civil society groups.

The leaders of G20 countries adopt a ‘G20 Leaders’ Declaration’ at the conclusion of the summit stating their commitment towards the priorities discussed and agreed upon the conclusions arrived at the meetings.

When and Why Was G20 Formed?

G20 was founded in 1999 to bring together financial ministers from 19 countries and the European Union to address issues related to the global economy. Earlier, the group was designed to be a forum for finance minister and officials to discuss economic issues.

However, after 2008 financial crisis, the first leaders’ summit was held in view of the financial turmoil to promote better international cooperation. Since then, the finance ministers meet every year under finance track while the heads of states meet under G20 Heads of State and Government Summit.

What has the G20 achieved?

The G20 has been a summit of the global powerhouses to meet and tackle challenges facing the global economy. During the financial crisis, the G20 leaders in 2008 and 2009 summits agreed on a host of measures to tackled economic challenges.

In 2019 summit in Osaka, then US president Donald Trump and Chinese President Xi Jinping agreed to resume talks to settle a major trade dispute.

What Happened at G20 Summit in Bali?

In the last year’s Bali Summit, the deliberation of the world’s 20 biggest economies was hindered by differences over Russia’s invasion of Ukraine. However, Indonesian President Joko Widodo managed to produce a declaration at the eleventh hour after wrangling over the conflict for days.

The Bali Leaders’ Declaration said “most members strongly condemned the war in Ukraine and stressed it is causing immense human suffering and exacerbating existing fragilities in the global economy." It also said that “there were other views and different assessments of the situation and sanctions."

How does the G20 work?

The G20, unlike other formal international bodies, is only an informal grouping. Therefore, unlike the United Nations (UN) or World Bank, it does not have a permanent secretariat or staff.

The G20 works in three major tracks : Finance Track, Sherpa Track and Engagement Groups. While the first two are official, the engagement group is unofficial.

The Finance Track is led by Finance Ministers and Central Bank Governors of the G20 countries, who meet four times a year.

The Sherpa Track is headed by the representative, who are the personal emissaries of the heads of states of the G20 countries. India’s G20 Sherpa is former NITI Aayog CEO Amitabh Kant.

What is the Agenda this Year?

Under India’s presidency, the bloc has centred discussions around more loans to developing nations from multilateral institutions, reforming international debt architecture, regulations on cryptocurrency and the impact of geopolitical uncertainties on food and energy security.

India also intends to focus on the following issues:

• Green Development, Climate Finance and LiFE (Low-carbon Technologies for Fighting Epidemics)
• Accelerated, Inclusive and Resilient Growth
• Accelerating Progress on Sustainable Development Goals
• Technological Transformation and Digital Public Infrastructure
• Multilateral Institutions for the 21st Century
• Women-led Development

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ESSAY ON G20 Summit 2023 for Competitive Exams | Essay on G20

Essay on g20 | g20 essay | g20 essay in english.

Currently India is holding Presidency of G20 , therefore essay on G20 has become most important essay topics for all competitive exams like, UPSC, State PSC, SBI PO, IBPS PO, SIDBI, NABARD, SEBI and other banking exams descriptive papers. Here we have written an essay on G20 which will be helpful for your essay writing preparation. Lets see essay on G20 .

Essay on G20 Summit 2023

G20 Summit is an annual international gathering of leaders from the world's largest economies, representing both developed and developing nations. The summit aims to address global economic challenges, promote financial stability, and facilitate international cooperation on a wide range of issues, including trade, finance, climate change, and global health.

G20 Summit 2023 India

Presently India is holding Presidency of the G20 which is an intergovernmental forum comprising 19 countries and the European Union. The 2023 G20 summit New Delhi India is eighteenth meeting of G20 (Group of Twenty) which is being held between 9 - 10 September 2023 in Bharat Mandapam International Exhibition Convention Centre, Pragati Maidan, New Delhi.

" Vasudhaiva Kutumbakam " or "One Earth, One Family, One Future" is the theme of India's G20 Presidency which official journey was started from 1 December 2022 when India assume the G20 Presidency. G20 Summit 2023 is the first G20 summit held in India as well as in South Asia.  Download PDF of this essay:  Click Here .

What is G20?

The Group of Twenty (G20) is premier intergovernmental forum comprising 19 countries and the European Union aiming for international economic cooperation. This premier forum plays an important role in shaping and strengthening global architecture and governance on all major international economic issues. The G20 members represent around 85% of the global GDP, more than 75% of the global trade, and approx two-thirds of the world population. Download PDF of this essay: Click Here

Members of G20

Members of The Group of Twenty (G20) are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom & United States and the European Union. 

Works of G20

G20 focuses to address major issues related to the global economy such as international financial stability, climate change mitigation and sustainable development. The G20 Summit held annually under the leadership of a rotating Presidency which steers the G20 agenda for one year and hosts the Summit.

Brief History of G20

The G20 was founded in the year 1999 with the aim to address several world economic crises. Since 2008, it has convened at least once a year under the leadership of a rotating Presidency involving each member’s head of Government or State, Finance Minister or Foreign Minister or other high ranking official. At its 2009 London Summit, G20 declared itself primary venue for international economic and financial cooperation. Presently India is holding presidency of G20.

Earlier G20 Summit 2022 was the seventeenth meeting of Group of Twenty, which was held in Nusa Dua, Bali, Indonesia on 15–16 November 2022. The next G20 Summit is scheduled to be held in Rio de Janeiro Brazil in 2024 which is the upcoming nineteenth meeting of Group of Twenty (G20).

G20 Summit 2023 India is significant event for the country. India's role as the host would provide an opportunity to showcase its economic and geopolitical importance on the world stage. It offer a platform for India to engage with other major economies to discuss and collaborate on critical global issues. The agenda of the G20 Summit typically covers a broad spectrum of topics, reflecting the interconnected nature of the global economy and the need for coordinated action among nations. These discussions can have far-reaching implications for international policies and cooperation.

Hope you liked this essay on G20 and it helped you in your exam preparation. This essay on g20 is most important for all competitive exams.

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G20 - Importance, Members, G20 Summit India's Presidency

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GS-II: International Relations & Institutions

Historical Background of G20 Summit

G20 countries list, structure and functioning of g20, significance of g20 summit 2023, issues and limitations of g20, india’s g2o presidency 2023, g20 upsc previous year questions, faqs on g20 summit.

Prelims: Current events of national and international importance

Mains: Bilateral, Regional and Global Groupings and Agreements involving India and/or affecting India’s interests

The G20 Summit is an intergovernmental forum for international economic cooperation that shapes and strengthens global economic architecture and related governance. Although the initial focus of the Group of 20 was primarily on global macroeconomic issues and financial stability, which were the reasons for its genesis, its agenda has been broadened to cover concerns like trade, climate change, sustainable development, health, agriculture, energy, environment, anti-corruption, and so on.

The current G20 Presidency offers a unique opportunity for India to spearhead a collective approach to address various complex economic challenges of the world as well as putting the aspirations of the developing world to the forefront of the platform.

The Group owes its origin to the Financial Crisis in 1997-98 of the Asian Tigers (Countries of East and Southeast Asia), which caused its establishment in 1999. It worked first as a forum for the Central Bank Governors and Finance Ministers of the major industrialised and developing economies to discuss global economic and financial stability.

Elevation to Leader’s Level: After the 2008 global financial crisis , it was upgraded to the level of Heads of State or Government when it became clear that crisis coordination would be possible only at the highest political level.

• In 2009, it was declared as the “premier forum for international economic cooperation”.
• The G20 Leaders have met on a regular basis since then, and the G20 has emerged as the leading platform for global economic cooperation.

G20 comprises 19 countries, namely Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkiye, the United Kingdom, the United States and the European Union .

• These members account for around 85% of the world GDP, 75% of the total international trade, and two-thirds of the global population.
• In addition to these member countries, the G20 each year invites guest countries and international organisations such as the United Nations , World Bank, IMF, OECD, ASEAN , etc., to participate in its meetings.

The G20 operates on the basis of annual meetings of Finance Ministers and Central Bank Governors, with a leaders' summit held once a year. The G20 consists of two parallel tracks called the Finance Track and the Sherpa Track . These two tracks play an active role in shaping ideas and priorities for the host presidency while also guiding the intergovernmental negotiations carried out throughout the presidency. They prepare and follow up on the issues and commitments adopted at the Summits.

• Troika: The G20 does not have a charter or a secretariat. The Presidency is supported by the Troika, which includes the previous, current, and incoming presidencies. The G20 Presidency hosts the Summit and directs the agenda for a calendar year.
• A non-binding forum: Its decisions are not legally binding, and member countries are not required to implement them.
• Working with international organisations: The G20 members also work closely with international organisations such as the International Monetary Fund (IMF), the World Bank, and the World Trade Organization (WTO).
• The G20 summit in Hangzhou (China), 2016, saw the convergence of the US and China on the Paris Agreement. 
• The G20 summit in Argentina, 2018 focused on fair and sustainable development.
• G20 summit in Germany, 2021 focused on the issues regarding money laundering, international tax havens, and corruption. 
• G20 summit in Bali (Indonesia), 2022 focused on financial stability, humanitarian crisis, poverty, and aid to least developed nations, among other things. 
• Food security: The leaders promised to work together to address food security issues and praised the Black Sea grains initiative.
• Promoting gender equality: Recognize the importance of gender equality and commit to promoting it by increasing women's participation in the workforce, reducing the gender pay gap, and improving access to education and healthcare . 
• Global balance of power: The G20 promotes a more equitable distribution of power among developed and developing countries than the earlier formed blocs such as G-7 and P-5 (UNSC), which helps to maintain a balance of power at the global level. 
• Bringing adversaries on a common platform: The importance of the G20 lies in its ability to bring together countries with different ideologies, political systems, and economic interests onto a common platform to discuss and address global economic issues.
• The commitments adopted by the G20 members in the domain of climate change  revolve around the following issues: energy efficiency and renewables; adoption of advanced and clean technologies; resilient infrastructure; tackling environmental challenges like biodiversity loss; adoption of the Circular Carbon Economy etc.
• Networking and collaboration: The G20 provides an opportunity for leaders from different countries to meet and exchange ideas, strengthening relationships and promoting collaboration on economic issues .
• Global economic cooperation: The G20 has played a critical role in responding to economic crises such as the 2008 global financial crisis, the Eurozone debt crisis , and the COVID-19 pandemic.

While the G20 has played an important role in shaping global economic policies, there are several challenges and limitations to its effectiveness:

• For example, during the 2008 global financial crisis , the G20 struggled to come up with a coordinated response.
• There has been friction within the group sometimes regarding the issue of climate change.
• Further, geopolitical tensions such as the Russia-Ukraine crisis also become the bone of contention in reaching the consensus, as observed in the Bali G20 summit as well as during the current India's G20 presidency .
• No Permanent Secretariat: The G20 does not have a permanent secretariat, due to which monitoring becomes cumbersome and inefficient as discussions expand.
• For example, the G20 countries had agreed to a set of guidelines for preventing the financing of terrorism , but there is no mechanism to enforce compliance with these guidelines.
• Limited membership: The G20 only includes 19 countries and the European Union, which means that other important economies are not included. Expanding the membership could help to ensure that the group is more representative of the global economy .

India is hosting the G20 Leaders' Summit  2023 for the first time in history, with 43 Heads of Delegation attending the final New Delhi Summit in September 2023 , the most ever in the G20. Amitabh Kant is the G20 Sherpa of India. India is on a mission to create a shared global future with a rules-based order, peace, and just growth for all through its Amrit Kaal initiative .

• Theme of India’s G20 presidency: “Vasudhaiva Kutumbakam” or “One Earth - One Family - One Future”.
• Troika: During the presidency, the Troika would consist of Indonesia, India and Brazil. 
• Invitees: Other than the members and multilateral institutions, nine countries have been invited - Bangladesh, Netherlands, Oman, Singapore, Nigeria, Spain and the United Arab Emirates, Egypt, and Mauritius.
• African representation: To make G20 more inclusive, India has proposed to include the African Union as a full-time member.
• Challenge for India presidency: In its various G20 meetings, India as a host, has been unable to draft a final joint statement acceptable to all members due to Russia-Ukraine tensions.

India's G20 Priorities

• Green Development, Climate Finance and Lifestyle for Environment (LiFE): India's emphasis on combating climate change, with a focus on climate technology and finance, as well as ensuring equitable energy transitions for developing nations.
• Accelerated, Inclusive & Resilient Growth: Focus on initiatives that could result in structural change, such as: assisting small and medium-sized businesses in international trade, advancing labour rights and welfare, addressing the global skills gap, and constructing inclusive agricultural value chains and food systems.
• Accelerating progress on SDGs: Recommitment to achieving the goals outlined in the 2030 Agenda for Sustainable Development, with an emphasis on addressing the COVID-19 pandemic's effects.
• Technological Transformation and Digital Public Infrastructure: Encouragement of a human-centric view of technology and increased knowledge exchange in areas like financial inclusion, digital public infrastructure, and tech-enabled development in industries like agriculture and education.
• Multilateral Institutions for the 21st century: Efforts to reform multilateralism and build a more accountable, inclusive, and representative global order capable of addressing the challenges of the twenty-first century.
• Women-led Development: In order to promote socio-economic development and the achievement of the SDGs , emphasis should be placed on inclusive growth and development, with a focus on women's empowerment and representation.

Significance of India’s G20 Presidency

• India’s growing economic influence: As the fastest-growing large economy, India’s role in the G20 is critical, and its presidency will help it further strengthen its economic ties with other G20 members.
• India’s leadership on climate change: India has been a strong advocate for climate action. As the world grapples with the challenge of climate change, India’s presidency can help set the tone for global cooperation on this issue.
• India’s focus on inclusive growth: By prioritising inclusive growth, India’s presidency will focus on issues such as infrastructure development, job creation, and women’s empowerment.
• India’s strategic importance: The presidency of the G20 will provide a platform for India to engage with other major powers, including the United States , China , and Russia , on issues of global importance.
• Becoming the voice of Global South: By holding the meeting of the Global South countries along with G20 meetings, India has become the voice of the erstwhile sidelined Global South.
• India’s role in quality healthcare: India has played a leading role in ensuring that developing and low-income countries have access to vaccines, financing, and other resources they need to recover from the pandemic. Thus, India can ensure universal, quality, and affordable health services.

Question 1: With reference to the “G20 Common Framework”, consider the following statements (UPSC Prelims 2022)

• It is an initiative endorsed by the G20 together with the Paris Club.
• It is an initiative to support Low Income Countries with unsustainable debt.

Which of the statements given above is/are correct?

• Both 1 and 2
• Neither 1 nor 2

Answer: (c)

Question 2: In which one of the following groups are all four countries members of G20? (UPSC Prelims 2020)

• Argentina, Mexico, South Africa and Turkey
• Australia, Canada, Malaysia and New Zealand
• Brazil, Iran, Saudi Arabia and Vietnam
• Indonesia, Japan, Singapore and South Korea

Answer: (a)

What is the G20?

The Group of Twenty (G20) is an intergovernmental forum comprising 19 countries - Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom and the United States and the European Union.

When will India host the G20?

India will convene the G20 Leaders' Summit for the first time in 2023, as 43 Heads of Delegations- the largest ever in the G20–will participate in the final New Delhi Summit in September later this year.

What is the theme of India's G20 presidency in 2023?

India has set “Vasudhaiva Kutumbakam” or “One Earth - One Family - One Future” as the theme for its G20 Presidency, rightly aiming to instil a sense of unanimity essential for addressing these global challenges collectively and effectively.

Where was the first summit of G20 held?

The first G20 Summit was held in 2008 in Washington DC (USA). It set the scene for the reforms of global finance.

Which international organisation is represented as a single entity within the G20?

The European Union (EU) is represented as one entity in the G20. While each member state of the EU is a separate sovereign entity, the EU has a single representation in international organisations such as the G20.

Which country will host the G20 summit in 2024?

Brazil, for the first time, will host the annual meeting of the heads and prime ministers of the Group of Twenty, the group of the 20 largest economies on the planet, in 2024.

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Essay on Group of twenty (G20)

Essay – group of twenty (g20).

Group of twenty (G20) Essay: The group of twenty or G20 is the premier level intergovernmental forum to manage international economic actions with cooperation of all member countries. The forum plays significant role in monitoring and strengthening major economic issues all over the world. India holds the presidency for G20 forum for 20222 which will occur from December 1 2022 to November 30 2023. The theme of G20 presidency by India is confirmed as “VasudhaivaKutumbakam” or “one Earth. Our family. One future.” India is all set with its structured strategies for successful economic actions of G20. In the present essay, all the aims and work procedures of G20 will be discussed.

Members of G20:

There are total 19 members namely Australia, Argentina, brazil, china, Canada, France, Germany, Indonesia, India, south Africa, Saudi Arabia, Italy, japan. Republic of Korea, Mexico, Russia, Turkiye, united, kingdom, united states and the European union which are all members of G20. All the G20 member countries cover 85% of the global GDP, 75% of the global trade and two thirds of the world population in its various objectives. With the aim of creating better future and sustainable growth I economy all countries are working together with their active participation and shared knowledge.

Main initiatives of G20:

The G20 presidency presents the entire G20 agenda for one long year by hosting the summit first. The G20 is divided into two parts which are finance track and Sherpa track. The finance track is maintained by finance ministry, ministers and banks which the Sherpa track is regulated by Sherpa track. Sherpas from member countries also take part in Sherpa track who are personal emissaries of the leaders. During each presidency the working groups of different member countries meet to work together on accomplishing the objectives. In the Sherpa track, member countries follow the same strategy to complete the tasks as per the formulated agenda. There are also additional groups to support financial activities like civil societies, think tanks, parliamentarians, women, youth group, labour, business and researchers’ group from the G20 countries. The G20 group is supported by the Troika as it does not have a permanent secretariat and it includes the previous, present and upcoming presidency of G20. Like this time of India’s presidency the troika will be formed by India, Indonesia and Brazil together.

Planned priorities:

G20 focuses on sustainable growth and development in finance for which it constructed lifestyle for environment which give stress on green development and climate finance. The G20 programs mainly focus on accelerating inclusive and resilient growth through sustainable development goals. To grab people’s attention into technological development G20 has focused in technological transformation by digital infrastructure in public finance services. For encouraging women empowerment it has suggested women-led development in various services to present equality in all aspects and giving chances for growing among women. India initiated the presidency summit program agenda with some selective cultural initiatives like Jan Bhagidari activities, one university connecting the event with 75 educational institutions of our country, lit up 100 ASI monuments with G20 logo and colours, showed the hornbill festival of Nagaland. The famous sand artist Shri SudarshanPattnaik created an amazing G20 logo at sea beach of Puri, Orissa. Various other cultural activities, youth initiatives, performances, cite excursions were the sights and traditions which were worth viewing parts of the India presidency summit agenda.

Conclusion:

Being Indians it is proud moment for us when India is presenting the G20 presidency summit with its full agenda. In the summit program, India showcased many of its traditional and cultural events in the global platform which proved the diversity of India. All the aims and objectives of the G20 agenda are announced and discussed with member countries’ views. We are hopeful that we will get positive outcome of present G20 summit in financial section and services soon.

FAQs on Group of twenty (G20) Essay Writing:

• What is G20?

Answer. G20 is the group of 20 countries which are members of a collaborative economical functions for the betterment of global economic infrastructure.

• Which country took the presidency of G20 for 2022?

Answer. India took the responsibility of G20 summit for 2022 which will be longed till 2023.

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G20 Essay Competition

Selection criteria, points to remember, gratification, terms & conditions.

• To invite students to share their ideas and visions for India’s G20 Presidency
• To create awareness and enhance knowledge about India’s G20 Presidency
• To increase understanding about India’s G20 Presidency
• To encourage young Indians to relate to different parameters of G20.
• Originality of thought and depth of knowledge
• Quality of Content, Relevance to the topic.
• Structure, articulation and writing style
• The competition is open to only Indian Citizens.
• The Essay can be submitted in either Hindi or English languages in the following categories/ age groups:
• The length of the Essay must not exceed 1500 words.
• The Essay must be typed in an A-4 size MS word document using Arial font for English and Mangal font for Hindi, having size 12 with 1.5” spacing and should be submitted in the form of PDF.
• The participants must be the same person who has written the essay. The Essay should reflect original thinking and presentation.
• The Competition is open to only Indian Citizens.
• Category: 12 - 14 years of age
• Category: 14 -16 years of age
• All entries must be submitted through the MyGov.in portal only. Entries submitted through any other medium/mode will not be considered for evaluation.
• A participant can submit only once. In case it is found that any participant has submitted more than one entry, all his/her entries will be considered as invalid.
• The entry should be original. Copied entries or plagiarized entries will not be considered under the contest. Winning entries will also be suitably publicized by the G20 Secretariat/ Ministry of External Affairs.
• There are no charges/registration fee for participation in the competition.
• The Essay must be typed in an A-4 size MS word document using Arial font for English and Mangal font for Hindi, having size 12 with 1.5” spacing. The essay must be uploaded in the PDF format.
•  Please note that the Essay must be original and should not violate any provision of the Indian Copyright Act 1957. Anyone found infringing on others’ copyright would be disqualified from the competition. G20 Secretariat/Ministry of External Affairs does not bear any responsibility for copyright violations or infringements of intellectual property carried out by the participants.
•  Mention of the Author’s name /email etc., anywhere in the body of the essay will lead to disqualification.
•  G20 Secretariat/Ministry of External Affairs reserves the right to verify original documents such as proof of age etc., before awarding the prizes.
•  Participant is to make sure that their MyGov profile is accurate and updated since G20 Secretariat/Ministry of External Affairs would be using this for further communication. This includes details such as name, photo, complete postal address, email ID and phone number. Entries with incomplete profiles would not be considered.
•  The G20 Secretariat/Ministry of External Affairs reserve all the rights and any dispute, amendments or any issue related to this competition / guidelines / evaluation criteria etc., shall be decided by the G20 Secretariat/ Ministry of External Affairs which will be final and binding.
•  G20 Secretariat/Ministry of External Affairs reserves the right to cancel or amend all or any part of the competition/guidelines/evaluation criteria etc., at any time. 
•  Any changes to the Terms and Conditions/ Technical Parameters/ Evaluation Criteria, or cancellation of the Contest, will be updated / posted on the MyGov platform. It would be the responsibility of the participants to keep themselves informed of any changes in the Term & Conditions/ Technical Parameters/ Evaluation Criteria stated for this Contest.
•  If any entry is found to violate the guidelines, it will be removed from the evaluation process without giving any intimation or explanation to the participant.
•  For Verification purposes original documents may be asked by G20 Secretariat/ MEA at any given point of time during the Competition process.
•  G20 Secretariat/Ministry of External Affairs shall have an exclusive, royalty-free, perpetual and irrevocable license to copy, store, edit, distribute, transmit and publish competition entries.
•  Decision of the Evaluation Committee will be final and binding on all participants.
•  Non- conformity to guidelines will lead to disqualification of the participants.

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G20 Summit 2023

Last updated on September 12, 2023 by ClearIAS Team

The G20 Summit 2023 just concluded in New Delhi under the Indian Presidency. The PM of India passed the gavel to Brazil, the next G20 President. The 18 th meeting of the Group of Twenty was the first G20 summit to be held in India. Read here to learn about the outcomes of the summit.

The G20 (Group of 20) is an international forum that includes 19 of the world’s largest economies and the European Union.

G20 is a forum for economic, financial, and political cooperation. It addresses the major global challenges and seeks to generate public policies that resolve them.

The Leaders’ Summit is the climax of the G20 process and the work carried out over the year through Ministerial Meetings, Working Groups, and Engagement Groups.

Table of Contents

G20 India Presidency

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.

India holds the Presidency of the G20 from 1 December 2022 to 30 November 2023.

Indonesia held the presidency in 2022, which concluded in the Bali declaration .

Under the Indian Presidency, the G20 in 2023 focussed on the theme, ‘One Earth, One Family, One Future’.

• The theme affirms the value of human, animal, plant, and microorganisms and their interconnectedness on planet Earth and in the wider universe.
• The Indian Presidency will also spotlight Lifestyle for Environment (LiFE), with an emphasis on environmentally sustainable and responsible choices at both the individual lifestyle and the national development level, to achieve a cleaner, greener, and bluer future.

The summit had India showcase its cultural richness through diverse elements like:

• Bharat Mandapam, inspired by Lord Basavaeshwara’s concept of Anubhav mandapam. The “culture corridor,” features a display of diverse traditions from 29 countries, including India and the special invitees to the G20.
• The Chola-style bronze statue of Lord Nataraja.
• Konark Chakra of Odisha’s sun temple and the image of Nalanda University were used as backdrops.
• Showcase of Thanjavur Paintings and Dhokra art
• A brass statue of Lord Buddha under the Bodhi tree.
• Hindustani, Folk, and Carnatic musical heritage of India

Indian Prime Minister formally handed over the G20 presidency to the President of Brazil. India will continue to hold the position until 30 November 2023.

The invited countries for the year were:

• Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain and UAE.

Six agendas were put forth for the G20 Dialogue 2023:

• Green Development, Climate Finance & LiFE
• Accelerated, Inclusive & Resilient Growth
• Accelerating progress on SDGs
• Technological Transformation & Digital Public Infrastructure
• Multilateral Institutions for the 21st Century
• Women-led development

The working groups focused on areas like:

• agriculture, anti-corruption, culture, digital economy, disaster risk reduction, development, education, employment, environment and climate sustainability, energy transitions, health, trade and investment, and tourism.

Major outcomes of the G20 summit 2023

• The African Union joined the G20 as a permanent member.
• A new organization called the Global Biofuel Alliance (GBA) was launched, to promote the development and adoption of sustainable biofuels, and set relevant standards and certification.
• The New Delhi Leaders Declaration was adopted with consensus.
• A group of countries made a joint agreement to build a rail and shipping corridor linking India with the Middle East and Europe called the India-Middle East-Europe Economic Corridor . The group comprises India, Saudi Arabia, the United Arab Emirates, Jordan, Israel and the European Union.

New Delhi declaration

The G20 2023 joint consensus declaration called the New Delhi Leaders Declaration is an official non-binding declaration that seeks to place emphasis on strong, sustainable, balanced, and inclusive growth.

Global Economic Situation

• To protect the vulnerable, through promoting equitable growth and enhancing macroeconomic and financial stability. Such an approach will help resolve the cost-of-living crisis and unlock strong, sustainable, balanced, and inclusive growth.
• To support the progress towards the 2030 Agenda for Sustainable Development to achieve strong, sustainable, balanced, and inclusive growth (SSBIG).
• To create inclusive, sustainable, and resilient global value chains, and support developing countries to move up the value chain.

Unlocking Trade for Growth

• To ensure a rules-based, non-discriminatory, fair, open, inclusive, equitable, sustainable, and transparent multilateral trading system, with WTO at its core.
• Recognize challenges MSMEs, particularly in developing countries, face concerning access to information and thus, welcome Jaipur Call for Action for enhancing MSMEs’ access to information to promote the integration of MSMEs into international trade.

Also read: G20 Generic Framework for Mapping Global Value Chains (GVC)

Fighting Corruption

• Strengthening Law Enforcement International Cooperation and Information Sharing for Combating Corruption, Strengthening Asset Recovery Mechanisms for Combating Corruption.
• To enhance global efforts to seize, confiscate, and return criminal proceeds to victims and states, in line with international obligations and domestic legal frameworks, including through support to the Financial Action Task Force (FATF) and operationalization of the GlobE Network.

Recommitting to Achieving SDGs

• To accelerate progress on SDGs, we commit to taking collective action for effective and timely implementation of the G20 2023 Action Plan to Accelerate Progress on the SDGs.

Strengthening Global Health and Implementing One Health Approach

• To strengthen the global health architecture, with the World Health Organization (WHO) at its core, and build more resilient, equitable, sustainable, and inclusive health systems to achieve Universal Health Coverage, implement the One Health approach, enhance pandemic preparedness, and strengthen existing infectious diseases surveillance systems.

Designing a Circular Economy World

• Resource Efficiency and Circular Economy Industry Coalition (RECEIC) to enhance environmentally sound waste management, substantially reduce waste generation by 2030, and highlight the importance of zero waste initiatives.

Other major outcomes:

• Overcoming major differences in the Russia-Ukraine war
• Call for full implementation of the Black Sea Grain Initiative
• Action Plan against Fugitive Economic Offenders
• Countering terrorism and money laundering
• Globally fair, sustainable, and modern international tax system
• Digital Public Infrastructure (crypto, Al, etc.)
• Gender equality and women empowerment
• G20 Deccan High-Level Principles on Food Security and Nutrition 2023

G20 Summit 2023 reiterates that cooperation is essential in determining the course the world takes. Headwinds to global economic growth and stability persist.

Years of cascading challenges and crises have reversed gains in the 2030 Agenda and its Sustainable Development Goals (SDGs) . Global greenhouse gas (GHG) emissions continue to increase, with climate change, biodiversity loss, pollution, drought, land degradation, and desertification threatening lives and livelihoods.

Rising commodity prices, including food and energy prices, are contributing to cost of living pressures. Global challenges like poverty and inequality, climate change, pandemics, and conflicts disproportionately affect women and children, and the most vulnerable.

The G20 Summit 2023 commit to:

• Accelerate strong, sustainable, balanced, and inclusive growth.
• Accelerate the full and effective implementation of the 2030 Agenda for Sustainable Development.
• Pursue low-GHG/low-carbon emissions, climate-resilient, and environmentally sustainable development pathways by championing an integrated and inclusive approach.
• Improve access to medical countermeasures and facilitate more supplies and production capacities in developing countries to prepare better for future health emergencies.
• Promote resilient growth by urgently and effectively addressing debt vulnerabilities in developing countries.
• Scale up financing from all sources for accelerating progress on SDGs

-Article by Swathi Satish

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The Group of Twenty (G20)

The Group of Twenty (G20) is the premier intergovernmental forum for international economic cooperation. The forum plays an important role in shaping and strengthening global architecture and governance on all major international economic issues.

India holds the Presidency of the G20 from 1 December 2022 to 30 November 2023. The theme of India's G20 Presidency is - " VasudhaivaKutumbakam " or " One Earth . One Family . One Future "

G20 Members

The Group of Twenty (G20) comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom and United States) and the European Union. The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population.

• The G20 Presidency steers the G20 agenda for one year and hosts the Summit. The G20 consists of two parallel tracks: the Finance Track and the Sherpa Track. Finance Ministers and Central Bank Governors lead the Finance Track while Sherpas lead 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. Finance Track is led by Finance Ministers and Central Bank Governors of the member countries. Within the two tracks, there are thematically oriented working groups in which representatives from the relevant ministries of the members as well as from invited/guest countries and various international organisations participate.
• The Finance Track is mainly led by the Ministry of Finance. These working groups meet regularly throughout the term of each Presidency. The Sherpas oversee negotiations over the course of the year, discussing agenda items for the Summit and coordinating the substantive work of the G20.
• In addition, there are Engagement Groups which bring together civil societies, parliamentarians, think tanks, women, youth, labour, businesses and researchers of the G20 countries.
• The Group does not have a permanent secretariat. The Presidency is supported by the Troika - previous, current and incoming Presidency. During India’s Presidency, the troika will comprise Indonesia, India and Brazil, respectively.

India's G20 Priorities?

• Green Development, Climate Finance & Lifestyle for Environment (LiFE)
• Accelerated, Inclusive & Resilient Growth
• Accelerating progress on Sustainable Development Goals (SDGs)
• Technological Transformation & Digital Public Infrastructure
• Multilateral Institutions for the 21 st century
• Women-led development

India kick-started its presidency term agenda with a series of cultural initiatives that included various Jan Bhagidari activities , a special University Connect event with 75 educational institutions from across the country, the lighting up of 100 ASI monuments with the G20 logo and colours, and showcasing G20 at the Hombill festival in Nagaland . Sand artist Shri Sudarshan Pattnaik also created sand art of India's G20 logo on Puri beach in Odisha. Various other events, youth activities, cultural performances, and site excursions showcasing the sights and traditions of respective city-venues, are also planned throughout the year-long calendar.

For details : Visit

Related Links

• Lifestyle for Environment (LiFE)
• Sustainable Development Goals (SDGs)

Latest Education and Career News

Essay on G20 Summit- 100, 200, and 500 words

What if you have to write an essay on G20 Summit in school or anywhere else? Do you know what

Reported by Pankaj Bhatt

Published on 15 February 2024

What if you have to write an essay on G20 Summit in school or anywhere else? Do you know what it is and why we have the number 20 in it ? If you don’t know anything about G20 or know a little bit and want to know more and, most notably, how you can write an essay on this complicated yet exciting topic, then do read this article because we have everything for you on this page.

The G20, commonly known as The Group of Twenty, is an international platform where many nations participate and discuss the cardinal points regarding the global financial and economic agendas. Moreover, one of the main objectives of this forum is to bring together all the economies emerging with the world’s advanced economies.

Furthermore, the Group of Twenty provides a forum for International Cooperation regarding economics. The G20 group was introduced in the year 1999.

In 2023, India was the presidential candidate of the G20, which was held in September. The next edition of G20 will be held in Rio De Janeiro, Brazil. The other critical details about the G20 we have shared are in essay format. In this article, we have provided essays on the G20 summit. The essay has been divided into three sections of 500, 200 and 100 words in the forthcoming paragraphs.

500 Words Essay on G20 Summit

The Group of Twenty, also known as G20, is an international platform for economic cooperation. The G20 forum plays a crucial role in reinforcing the global architecture and the governance or administration of all the economic issues that have been doing rounds worldwide. The presidency of G20 for the year 2024 is handed over to Brazil, which will be held on 18 and 19 November 2024 in Rio De Janeiro. In 2023, the 20 summit was headed by India.

Moreover, after discussing establishing the G20 summit, the Group of Twenty was founded in 1999. It was established in the wake of the Asian Financial Crisis.G20 is a platform in which the Central Bank Governors and the Finance Ministers of many countries participate in the summit to discuss financial and economic issues worldwide.

The G20 summit is held once every year under the leadership of the presidency, which is rotated among all the participating countries. The G20 comprises 19 countries in the current situation. The participating countries are as follows Indonesia, Argentina, Canada, Australia, Japan, Mexico, South Africa, United Kingdom, Türkiye, the United States, the Republic of Korea, Australia, China,  Germany, France, Saudi Arabia, Brazil, Russia, Italy and the European Union. In terms of GDP, 85% of the world GDP is represented by the G20 members. Along with this, global trade of over 75% is also done by the G20 members. The various G20 summits held in the previous years have been stated below:

• The First Summit was held in the year 2008 and was hosted by the US in Washington.
• The Second Summit was held in April 2009 and was held in London.
• The Third Summit was held in September 2009 in Pittsburgh.
• The Fourth Summit was held in June 2010 in Toronto.
• The Fifth Summit was held in November 2010 in Seoul.
• The Sixth Summit of G20 was held in November 2011 in Cannes.
• The Seventh Summit of G20 was held in June 2012 in Mexico.

The summits mentioned above are the G20 summit held in 2012. However, after 2012 also, the G20 summit was held every year. The 2023 G20 summit will be held in India and this will be the 18th G20 summit. The 17th G20 summit was held in Bali, i.e. the G20 summit 2022.

As we have mentioned earlier, this year the G20 summit will be held in India. The theme of the G20 Summit 2023 will be ‘One Earth · One Family · One Future’ or ‘Vasudhaiva Kutumbakam’.The inspiration for the theme is the ancient Sanskrit text i.e., Maha Upanishad. The theme indicates the importance of life for every creature present on the earth. The objective of the G20 Summit 2023 is as follows:

• To discuss the policies regarding global economic stability as well as sustainable growth.
• To discuss the crisis of the climate.
• Apart from this, the G20 members are expected to discuss the recovery of many nations from the recent pandemic and the impact of the pandemic on jobs.
• Discussing the Ukraine-Russia Conflict.

Also Check:

Essay on Dowry System for Students and Children

Essay on mahatma gandhi, 200 words essay on g20 summit.

The G20 summit to be held in the year 2023 will be very important for India. The primary point of the discussion for the participating countries will be as follows.

• Economic Growth: The G20 platform is one of the biggest platforms for many developing and developed countries. From this perspective of India, it will provide India with the opportunity to get engaged with many larger and more developed economies all over the world. India will get the opportunity to attract investment into the country, and it will help the nation in its overall development along with its economic growth.
• Financial Stability: Regarding financial stability, India can gain from the discussion regarding financial stability and regulations at the G20 Summit to be held in India.
• Global Issues: The G20 summit is always considered an important platform for discussing global issues. Therefore, India can be considered a platform in which it can address various issues such as the Ukraine-Russia conflict. The G20 summit 2023 can be a game changer regarding this conflict.

World Happiness Index 2023

100 words essay on g20 summit.

The G20 is a forum mainly regarding economic cooperation. Since its inception and implementation, it has played an important role in strengthening world architecture. In addition to this, it has also helped in governing the major economic issues countered by the world. Furthermore, this year the G20 summit will be held in India.

The G20 summit will be from the 9th of September to the 10th of September, 2023 in New Delhi. It will be held under the presidency of India only. The theme of the G20 Summit 2023 will be ‘ One Earth. One Family. One Future’ and ‘Vasudhaiva Kutumbakam’.The G20 Summit 2023 will be important for India from many perspectives.

You can also follow the G20 India Official Twitter Page for more updates on this.

Important Links

Which Country will host the G20 Summit in 2024?

G20 Summit 2024 will be headed by Brazil.

Which country host the G20 in 2023?

India hosts the G20 summit for 2023.

When will the G20 summit be held in 2024?

It is scheduled for 18 and 19 November 2024.

Pankaj Bhatt

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