G20 Summit: Indonesia handed over the G20 presidency to India for the coming year on Wednesday, as the grouping’s Bali summit concluded with the member states finalizing the joint declaration.
Indonesian President Joko Widodo handed over the G20 presidency to Prime Minister Narendra Modi, who stated that taking over the grouping’s presidency is a source of pride for every Indian citizen.
Today, I want to assure that India’s #G20Presidency will be inclusive, ambitious, decisive, and action-oriented
Over the next year, we will strive to ensure that the #G20 acts as a global prime mover to envision new ideas and accelerate collective action.
— PIB India (@PIB_India) November 16, 2022
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union comprise the G20 (EU).
President of Indonesia Joko Widodo hands over the G20 Presidency to India at the closing ceremony of the Bali Summit.
India will officially assume G20 Presidency from 1st December. pic.twitter.com/T4WofMWGbo
— ANI (@ANI) November 16, 2022
They account for more than 80% of the global GDP, 75% of international trade, and two-thirds of the world’s population.
India will assume G20 Presidency for one year, beginning December 1, 2022.
— PMO India (@PMOIndia) November 15, 2022
PM Modi arrived in Bali on Monday and met President of the Republic of Senegal Macky Sall, Netherland’s PM Mark Rutte, and US President Joe Biden.
The Prime Minister remarked that India’s G-20 presidency is coming at a time of crisis and chaos. He underlined that the world is dealing with the aftereffects of a disruptive once-in-a-century global pandemic, conflicts and lots of economic uncertainty. “The lotus in the logo of G-20 is a symbol of hope in such tough times,” he said. The Prime Minister remarked that even if the world is in a deep crisis, we can still progress to make it a better place. Throwing light on the culture of India, the Prime Minister mentioned that both the Goddesses of knowledge and prosperity are seated on a lotus. The Prime Minister pointed out the earth that is placed on a lotus in the logo of G-20 and said that shared knowledge helps us in overcoming difficult circumstances while shared prosperity enables us to reach the last mile. He further explained the significance of the seven petals of the lotus which represent the seven continents and seven universal musical notes. He added, “When the seven musical notes come together, they create perfect harmony.” Shri Modi said that the G-20 aims to bring the world together in harmony while respecting diversity.