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<p id="1">India&rsquo;s presidency of G20 beginning this December &ndash; it hosts the leaders&rsquo; summit in September next year &ndash; comes at a complex moment in global politics. The world today is being increasingly divided by the strategic-security competition between US-led G7 and the China-Russia compact. Caught in the middle are a large number of developing nations who are being forced to choose sides despite this not being in their best interests. It is against this backdrop that G20 aims to serve as a vital platform to voice concerns of the Global South.</p>
<p id="2">True, challenges before the forum are many. From climate change and reforming global finance to tackling the current energy and food crises, the G20 agenda under India&rsquo;s presidency is expected to be full. This will give New Delhi the perfect opportunity to showcase its leadership skills. That Bangladesh is on the guest list along with UAE and Oman for the leaders&rsquo; summit highlights India&rsquo;s regional prioritisation. But a dispute is already brewing over Russian President Vladimir Putin&rsquo;s expected attendance at the Bali leaders&rsquo; summit this November. Some Western leaders want to exclude Russia from G20 until the war in Ukraine abates. The Indian presidency will inherit this problem. Remember, though, that kicking Russia out of G8 not only failed to deter Moscow vis-&agrave;-vis Ukraine but also pushed it closer to China. Therefore, India must make it clear that isolating Russia is not the answer.</p>
<p id="5">Meanwhile, on substantive matters, the Indian presidency should ensure that the G20-OECD pact on a 15% minimum global tax rate for large corporations should stick to the 2023 delivery schedule. MNCs&rsquo; tax avoidance via using multiple geographies can only be tackled by multilateral, coordinated action. Getting this tax going will be a test of G20&rsquo;s efficacy.</p>
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