How India has made the G20 more inclusive

Source: The post is based on the article “How India has made the G20 more inclusive” published in “The Indian express” on 5th September 2023.

Syllabus: GS2- International relation- Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests

News: The article talks about India’s leadership in the G20 presidency. It focuses on global unity, making changes to the global economy and finance, and involving regular people in discussing important global topics to make the G20 more inclusive.

How is India taking forward its stewardship of the G20?

Promoting Global Unity:

India introduced “Vasudhaiva Kutumbakam” as the G20 slogan, emphasizing the interconnectedness of cultures and their shared responsibilities in the global family.

Democratizing the Global Economy:

India is championing the democratization and decentralization of the global economy.

Challenges like the US’s Inflation Reduction Act and the EU’s plans for a carbon border tax are viewed as moving away from the core principles of globalization, and India aims to rectify this.

Reforming Global Finance:

Recognizing the misalignment post-2008, India points out that most future global growth will come from emerging economies.

The goal is to ensure finance supports this growth, channeling resources where they are most needed.

Making G20 Inclusive:

India has transformed the G20 summit from a technocrat-centric summit to a more inclusive “people’s festival.” This shift includes a broader range of voices in discussions, focusing on global challenges like food security, health, and climate change adaptation.

Shifting Focus to the Global South:

Under India’s leadership, the G20 is recognizing the potential of the Global South. This promotes a vision of sustainable, digital, and inclusive growth, reframing the Global South as a leader in these areas.

How does India address previous G20 protests?

Engaging the Public: The focus has shifted to issues that matter to everyday people, like food, health, jobs, and climate change adaptation.

Democratic Global Governance: By democratizing the G20’s approach, India believes it can address and include concerns raised by past protesters.

Wider Involvement: The broader and inclusive approach has garnered support from various groups, even those led by the opposition, showcasing its non-partisan nature.

What does India’s G20 leadership mean for the Global South?

Reclaiming Identity: Under India’s G20 leadership, the Global South’s perception has shifted from being a mere beneficiary to a proactive growth leader.

Changing Narratives: India’s leadership has worked to ensure the Global South isn’t viewed pejoratively, highlighting its potential for green, digital, and equitable growth.

Developmental Legacy: India’s G20 presidency marks a pivotal shift, ensuring the Global South is the pathfinder for future global growth, emphasizing greener and inclusive solutions.