The gavel of the G20 (Group of Twenty) presidency that was handed to Prime Minister Narendra Modi at the Bali summit in mid November may appear diminutive. But the size belies the enormous responsibilities that come with it. On December 1, when India formally assumed charge of the G20, its member nations represented 60 per cent of the world’s population but, more importantly, accounted for 85 per cent of global GDP and 75 per cent of international trade. Since its inception in 1999, the G20 has emerged as the world’s most powerful international forum for major economic issues and, recently, for geopolitical concerns too. Coincidentally, India will assume the presidency of the all-powerful United Nations Security Council too in December for a month. It will also be chairing the Shanghai Cooperation Organisation (SCO), the world’s largest regional forum, till September 2023. It is truly India’s moment on the world stage.
"The onus of creating a new order for the post-Covid period lies on our shoulders. I want to assure you that India’s G20 presidency will be inclusive, ambitious, decisive and action-oriented. Together, we will make G20 a catalyst for global change - NARENDRA MODI Prime Minister of India"
This story is from the December 12, 2022 edition of India Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 12, 2022 edition of India Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
On a Roll
After a string of successes in 2024, music composer duo Sachin-Jigar are looking forward to several major releases in 2025
TALK OF THE TOWN
The symposium at Design Milestone by India Today HOME turned into a melting pot of minds, conversation and ideas
CONGRESS READIES TO PIVOT
The party’s moves to jettison allies and rebuild its own poll machinery expose the competing dynamics in the INDIA bloc, blunting the Opposition challenge and the Congress’s place within it
NINTH-GEN CAMRY IS READY TO TAKE ON THE GERMANS
Toyota Kirloskar Motor has launched the ninth-generation Camry sedan. Priced at Rs 48 lakh (ex-showroom), it is being offered in a single trim option called Elegance and gets a price hike of Rs 1.8 lakh over the outgoing model.
MIDDLE CLASS - THE BIG SQUEEZE
HIGH PRICES, CRIPPLING TAX RATES ALONG WITH SHRINKING INCOMES ARE FORCING THIS CRUCIAL DEMOGRAPHIC TO SWALLOW ITS AMBITIONS, AFFECTING INDIA’S GROWTH STORY. HOW BUDGET 2025 CAN END THEIR ECONOMIC DISTRESS
THIRD-GEN HONDA AMAZE STARTS AT RS 8 LAKH
Honda has launched the thirdfrom Rs 8 lakh to Rs 10.9 lakh (ex-showroom).
THE BEST CARS AND BIKES IN INDIA
It is time to celebrate the best of the year, which means it is time to announce the most awaited Indian Car of the Year (ICOTY) and Indian Motorcycle of the Year (IMOTY).
THE AMAZING AURA OF DZIRE
THE FOURTH GENERATION OF THE DZIRE DEBUTED RECENTLY, AND IT CAN TAKE THE COMPACT SEDAN SPACE BY STORM. WE DROVE IT IN GOA AND CAME AWAY SMITTEN
MAHINDRA TURNS HEADS WITH THE BE 6 AND XEV 9e
Mahindra has launched the first two of Ma its Electric Origin SUVs for the Indian market, namely the BE 6 and the XEV 9e.
A BOILING-HOT FIGHT IN MILKIPUR
The upcoming byelection in the assembly constituency of Milkipur, in Ayodhya district, carries immense significance for both the BJP and the Samajwadi Party (SP). Scheduled for February 5, it's a battle that could help shape the initial narrative for the 2027 Uttar Pradesh assembly polls. The Scheduled Caste-reserved seat fell vacant after the 2024 general election, when its veteran SP MLA Awadhesh Prasad famously fought and won the Faizabad Lok Sabha seat-under which Milkipur falls, as does Ayodhya. Coming within months of the Ram temple inauguration, that loss had dealt a bitter blow to the BJP: it was tantamount to Hindutva being humbled in its symbolic homeland. Thoughts of redemption will therefore be uppermost in the party's mind.
