2023 will be India's year. This year New Delhi has been the capital for global diplomacy the key reason being India's G20 presidency and the whole world is looking at us with great hope . This as we know is because of India's growing interest in global affairs that India being a member of the top 20 economies in this world is now leading the presidency of G20; a presidency of hope , healing and harmony. G20 serves as a forum for international economic cooperation representing two-thirds of the world's population 90% of global GDP and 80% of global trade. It can shape the future of global economy and this is why it matters.
India is in a position to set the agenda for the group and the world and the opportunity could not have come at a better time, the world is in a state of flux. G20 has to grapple with many pressing problems :- Russia's war in Ukraine , climate change , western sanctions on energy and resources, an impending global recession and the fears of a new pandemic wave. As the president for G20 India will have to put forth the agenda and get consensus in an increasingly divided world, which seems like an impossible task when every country is driven by its own interests. Most importantly to emphasize on the fact that national interests should be handled with international responsibility .
India's G-20 Presidency places multilateral reform as one of its top presidential priorities as India stated that its agenda would be inclusive, ambitious, action-oriented, and decisive. Presently, the world is going through a polycrisis. Food, fuel, and fertilizers have engulfed various countries and led to the disruption of supply chains. India has the trust and legitimacy and bridges of partnership across all of the corners of the world . Many of today’s problems need global solutions and global cooperation. However, we should also acknowledge the limitations of multilateral cooperation. To overcome the trust, legitimacy and utility crises of multilateralism, the world requires a model, and the G-20 can be one to fit the purpose, the group needs to be more inclusive without sacrificing efficiency.
Focus on areas that have the potential to bring structural transformation, including supporting small and medium-sized enterprises in global trade, promoting labour rights and welfare, addressing the global skills gap, and building inclusive agricultural value chains and food systems. Efforts to reform multilateralism and create a more accountable, inclusive, and representative international system that is fit for addressing 21st century challenges.
"Even if the world is in a deep crisis , we can still progress and make the world a better place this is what the world needs today. Shared knowledge that helps us overcome our circumstances, and shared prosperity that reaches the last person at the last mile." As our prime minister said these words as India assumed the presidency he emphasized on the proverb "vasudhaiva kutumbakam - one earth, one family, one future . " It's India's pitch that's ambitious but it is worth pursuing .
India being the president of G20 and by the virtue of being president it can enjoy certain powers like inviting the countries which are not a part of the group . With this one small move , we can establish better international relations and development an inclusive and multidimensional strategic partnership with these countries . Getting the presidency is not important but how we use it matters the most. It's is a chance to show the world who we are. The world shows how we fail very easily. But the truth is we are making huge leaps in green energy , our fintech is one of the most advanced globally but we never show our accomplishments , we focus on our shortcomings and failures and through the G20 presidency we can show the world that we are a leader and a peacemaker for countries.
Today India has a chance to bring these issues forward , to share our stories and solutions with the world and most importantly take talks towards equitable solutions . India’s participation in the G20 process stems from the realization that as a major developing economy India has a vital stake in the stability of the international economic
and financial system and can help in initiating and expanding international relationships with the world through inclusive development and Multilateralism .
- Vaadasabha Member
Harshata Gotephode
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