Goodbye G20, welcome G21
Financial Express Mumbai|September 10, 2023
With African Union joining, grouping now has 97 nations
MUKESH JAGOTA
Goodbye G20, welcome G21

THE 18TH SUMMIT of the G20 got off the ground with the addition of the African Union to the grouping, giving it more political and economic heft, and India, the incumbent president of the grouping, a significant achievement to showcase.

The inclusion of AU brings the voice of 54 more countries to the group that already accounts for 85% of the world's GDP. Of the 55 AU members, South Africa is already a G20 member.

AU has a population of 1.4 billion and estimates put the combined size of the union's economy at $3 trillion.

Taking into account 24 other countries who find representation at the G20 through their membership of the EU, G20 (now G21) now represents 97 countries directly or indirectly.Key members - France, Germany and Italy - also have their individual membership of the grouping.

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