India’s G20 Presidency UPSC Relevance
India’s G20 Presidency Logo: PM Modi Launched G20 Logo, Theme and Website of India’s G20 Presidency. G20 Presidency of India is important for UPSC Prelims Exam (International Organizations) and UPSC Mains Exam (International Relations).
India’s G20 Presidency in News
- Prime Minister Narendra Modi has unveiled India’s logo, theme and website for its presidency of the G20, which reflects the country’s message and overarching priorities to the world.
- The logo, theme and website of our G20 Presidency would reflect India’s message and overarching priorities to the world.
India’s G20 Presidency Logo
- India’s G20 presidency is coming at a time of crisis and chaos in the world.
- The world is going through the after-effects of a disruptive once-in-a-century pandemic, conflicts and a lot of economic uncertainty.
- Lotus Symbol Meaning: The symbol of the lotus in the G20 logo is a representation of hope in this time. No matter how adverse the circumstances, the lotus still blooms.
- Seven Lotus Petals represent the seven continents.
- Seven is also the number of notes in the universal language of music.
- In music, when the seven notes come together, they create a perfect harmony. But each note has its own uniqueness.
- Similarly, the G20 aims to bring the world together in harmony while respecting diversity.
- In Indian culture, both the Goddesses of knowledge and prosperity are seated on a lotus. Shared knowledge that helps us overcome our circumstances.
- Shared prosperity that reaches the last person at the last mile. This is why, in the G20 logo, the Earth is placed on a lotus too.
India’s G20 Presidency Theme
- G20 theme: India’s G20 Presidency Theme is “Vasudhaiva Kutumba-kam” or “One Earth One Family One Future”.
- G20 Theme represents the India’s working on the vision of bringing the whole world together for a common objective, for a better future
- It will be India’s endeavour that there should not be any “first world or third world”, but “only one world”.
- Earlier, India working in the similar spirit launched-
- ‘One Sun, One World, One Grid’, has called for a renewable energy revolution in the world.
- Campaign of ‘One World, One Health’ to strengthen global health.
India’s G20 Presidency
- G20 Presidency: The presidency of the G20 rotates every year among members. Presently Indonesia have the G20 Presidency.
- G20 Presidency 2023: India will inherit the G20 Presidency for the year 2023. India will assume G20 Presidency from 1st December, 2022.
- Significance: The G20 Presidency offers a unique opportunity to India to contribute to the global agenda on pressing issues of international importance.
- During its G20 presidency, India will hold about 200 meetings in 32 different sectors in multiple locations across the country.
G20 Summit
- Background: The G20 was formed in 1999 in the backdrop of the financial crisis of the late 1990s that hit East Asia and Southeast Asia in particular.
- The first G20 Summit took place in 2008 in Washington DC, US.
- About: G20 is a global grouping that aims to secure global financial stability by involving middle-income countries.
- In addition to G20 Summits, the Sherpa meetings (that help in negotiations and building consensus), and other events are also organised throughout the year.
- G20 Members: Full members of G20 are- Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States and the European Union.
- Each year, the presidency invites guest countries.
- G20 Secretariat: The G20 has no permanent secretariat.
- G20 Sherpas: The agenda and work are coordinated by representatives of the G20 countries, known as ‘Sherpas’, who work together with the finance ministers and governors of the central banks.
- India recently said ex-NITI Aayog CEO Amitabh Kant would be the G20 Sherpa after Piyush Goyal.
- Significance: Together, the G20 countries include 60 per cent of the world’s population, 80 per cent of global GDP, and 75 per cent of global trade.
- G20 Troika: Country holding the G20 presidency, together with the previous and next presidency-holder, forms the ‘Troika’ to ensure continuity of the G20 agenda.
- Italy, Indonesia, and India are the Troika countries right now.
The Editorial Analysis- India’s G20 Presidency and Food Security
The Editorial Analysis- India’s G20 Presidency and Food Security
