The New Delhi Declaration was a win for us and the world at large

Source: The post is based on the article “The New Delhi Declaration was a win for us and the world at large” published in Live mint on 10th October 2023.

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

News: The article discusses India’s significant achievements and leadership during its presidency at the G20 Summit in New Delhi. It highlights consensus on global issues like sustainable development, digital transformation, climate change, and inclusive growth. India effectively brought nations together, emphasizing shared commitments, especially considering the interests of the developing world and enhancing multilateral cooperation.

What are the major concerns addressed by the New Delhi Declaration?

Sustainable Growth: Focusing on startups and MSMEs as engines for strong, sustainable growth.

Financial Inclusion: Endorsing the G20 2023 Financial Inclusion Action Plan, which seeks to enhance financial accessibility for individuals and MSMEs, especially in vulnerable groups.

Digitalization: Adopting principles for digitalizing trade documents and fostering digital upskilling and reskilling through a comprehensive G20 Toolkit.

Global Health: Developing an Interim Medical Countermeasures Coordination Mechanism to ensure access to medical aids like vaccines and also recognizing traditional and complementary medicine.

Climate Change: Committing to triple the renewable energy technologies capacity worldwide by 2030, and affirming the G20 High-Level Voluntary Principles on Hydrogen.

Women’s Empowerment: Establishing a new Working Group aimed at empowering women, with its first meeting scheduled during Brazil’s G20 presidency next year.

Multilateralism: Enhancing global cooperation and multilateral development banks, and increasing representation from developing countries in international financial institutions.

How did India handle the G20 presidency?

Facilitating Dialogues: Conducting over 200 meetings in 60 cities, involving a myriad of discussions on global issues.

Inclusive Participation: Engaging over 25,000 delegates from more than 120 nationalities, emphasizing inclusive international participation.

Highlighting Priorities: Making Sustainable Development Goals a central priority and bringing a focused approach towards global sustainable development.

Encouraging Consensus: Successfully uniting leaders from various nations to agree on the New Delhi Declaration despite diverse viewpoints.

Emphasizing Multilateralism: Pushing for enhanced multilateral development and involving more voices from developing countries in global decision-making.

Addressing Various Sectors: Exploring and addressing critical global sectors, such as digital transformation, healthcare, and climate change, effectively.