{"id":27091,"date":"2024-02-13T11:57:01","date_gmt":"2024-02-13T11:57:01","guid":{"rendered":"https:\/\/edukemy.com\/blog\/?p=27091"},"modified":"2024-02-13T11:57:03","modified_gmt":"2024-02-13T11:57:03","slug":"g20-summit-in-india-upsc-post-independence-notes","status":"publish","type":"post","link":"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/","title":{"rendered":"G20 Summit in India &#8211; UPSC Post-Independence Notes"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-history?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=History\" target=\"_blank\" rel=\"noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1280\" height=\"300\" src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/13.png\" alt=\"\" class=\"wp-image-42408\" srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/13.png 1280w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/13-1170x274.png 1170w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/13-585x137.png 585w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/a><\/figure>\n\n\n\n<p>On September 9 and 10, 2023, New Delhi, India hosted the 18th G20 Summit. The G20 Leaders&#8217; Summit was held in India for the first time.<\/p>\n\n\n\n<p>&#8220;Vasudhaiva Kutumbakam,&#8221; which translates to &#8220;The world is one family,&#8221; served as the summit&#8217;s theme.<\/p>\n\n\n\n<p>The Global Biofuel Alliance was established, and the G20 Leaders&#8217; New Delhi Declaration addressed a wide range of global challenges, including the conflict between Russia and Ukraine, sustainable development, food security, and these tensions.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-6a01855d5602e\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a01855d5602e\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Major_Outcomes_of_G20_Summit_2023\" title=\"Major Outcomes of G20 Summit 2023\">Major Outcomes of G20 Summit 2023<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Admittance_of_the_African_Union_to_the_G20_G21\" title=\"Admittance of the African Union to the G20 (G21):\">Admittance of the African Union to the G20 (G21):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Global_Biofuels_Alliance_GBA\" title=\"Global Biofuels Alliance (GBA):\">Global Biofuels Alliance (GBA):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#India_%E2%80%93_Middle_East_%E2%80%93_Europe_Economic_Corridor_IMEC\" title=\"India \u2013 Middle East \u2013 Europe Economic Corridor (IMEC):\">India \u2013 Middle East \u2013 Europe Economic Corridor (IMEC):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#The_document_highlights_key_initiatives_that_have_been_instrumental_in_shaping_the_DPI_landscape\" title=\"The document highlights key initiatives that have been instrumental in shaping the DPI landscape:\">The document highlights key initiatives that have been instrumental in shaping the DPI landscape:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Here_are_the_key_highlights_of_the_G20_Summit_2023\" title=\"Here are the key highlights of the G20 Summit 2023:\">Here are the key highlights of the G20 Summit 2023:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Tripling_Global_Renewable_Energy_Capacity_by_2030\" title=\"Tripling Global Renewable Energy Capacity by 2030:\">Tripling Global Renewable Energy Capacity by 2030:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Dedication_to_Global_Food_Security_and_Nutrition\" title=\"Dedication to Global Food Security and Nutrition:\">Dedication to Global Food Security and Nutrition:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Advancements_in_Agriculture\" title=\"Advancements in Agriculture:\">Advancements in Agriculture:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Promotion_of_Transparent_and_Fair_Trade\" title=\"Promotion of Transparent and Fair Trade:\">Promotion of Transparent and Fair Trade:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Strengthening_Agricultural_Market_Information_and_Monitoring\" title=\"Strengthening Agricultural Market Information and Monitoring:\">Strengthening Agricultural Market Information and Monitoring:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Small_Arms_and_Terrorist_Safe_Havens\" title=\"Small Arms and Terrorist Safe Havens:\">Small Arms and Terrorist Safe Havens:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Healthcare_Resilience_and_Research\" title=\"Healthcare Resilience and Research:\">Healthcare Resilience and Research:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Finance_Track_Agreements\" title=\"Finance Track Agreements:\">Finance Track Agreements:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#India-Mercosur_Preferential_Trade_Agreement_PTA\" title=\"India-Mercosur Preferential Trade Agreement (PTA):\">India-Mercosur Preferential Trade Agreement (PTA):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Climate_Financing_Commitment\" title=\"Climate Financing Commitment:\">Climate Financing Commitment:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Indias_Cultural_Showcase\" title=\"India\u2019s Cultural Showcase:\">India\u2019s Cultural Showcase:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Transition_of_G20_Presidency\" title=\"Transition of G20 Presidency:\">Transition of G20 Presidency:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#New_Delhi_Leaders_Declaration_G20_2023\" title=\"New Delhi Leaders Declaration (G20 2023):\">New Delhi Leaders Declaration (G20 2023):<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Global_Economic_Situation\" title=\"Global Economic Situation:\">Global Economic Situation:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Priorities_for_the_Global_Economic_Situation\" title=\"Priorities for the Global Economic Situation:\">Priorities for the Global Economic Situation:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Trade_Facilitation_for_Growth\" title=\"Trade Facilitation for Growth:\">Trade Facilitation for Growth:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Recognition_of_MSME_Challenges\" title=\"Recognition of MSME Challenges:\">Recognition of MSME Challenges:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Fighting_Corruption\" title=\"Fighting Corruption:\">Fighting Corruption:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Recommitting_to_Achieving_SDGs\" title=\"Recommitting to Achieving SDGs:\">Recommitting to Achieving SDGs:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Strengthening_Global_Health_and_Implementing_One_Health_Approach\" title=\"Strengthening Global Health and Implementing One Health Approach:\">Strengthening Global Health and Implementing One Health Approach:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Designing_a_Circular_Economy_World\" title=\"Designing a Circular Economy World:\">Designing a Circular Economy World:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Other_Major_Outcomes\" title=\"Other Major Outcomes:\">Other Major Outcomes:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#The_G20_Summit_in_2023_commits_to_a_range_of_critical_initiatives\" title=\"The G20 Summit in 2023 commits to a range of critical initiatives:\">The G20 Summit in 2023 commits to a range of critical initiatives:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Q1_When_and_where_is_the_G20_Summit_in_India_scheduled_to_take_place\" title=\"Q1: When and where is the G20 Summit in India scheduled to take place?\">Q1: When and where is the G20 Summit in India scheduled to take place?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Q2_What_is_the_theme_of_the_G20_Summit_in_India\" title=\"Q2: What is the theme of the G20 Summit in India?\">Q2: What is the theme of the G20 Summit in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-34\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Q3_What_are_the_key_priorities_on_the_agenda_for_the_G20_Summit_in_India\" title=\"Q3: What are the key priorities on the agenda for the G20 Summit in India?\">Q3: What are the key priorities on the agenda for the G20 Summit in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-35\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Q4_How_will_India_leverage_the_G20_Summit_to_strengthen_its_global_leadership_role\" title=\"Q4: How will India leverage the G20 Summit to strengthen its global leadership role?\">Q4: How will India leverage the G20 Summit to strengthen its global leadership role?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-36\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#In_case_you_still_have_your_doubts_contact_us_on_9811333901\" title=\"In case you still have your doubts, contact us on 9811333901.&nbsp;\">In case you still have your doubts, contact us on 9811333901.&nbsp;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-37\" href=\"https:\/\/edukemy.com\/blog\/g20-summit-in-india-upsc-post-independence-notes\/#Visit_our_YouTube_Channel_%E2%80%93_here\" title=\"Visit our YouTube Channel &#8211;&nbsp;here\">Visit our YouTube Channel &#8211;&nbsp;here<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Major_Outcomes_of_G20_Summit_2023\"><\/span><strong>Major Outcomes of G20 Summit 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Admittance_of_the_African_Union_to_the_G20_G21\"><\/span><strong>Admittance of the African Union to the G20 (G21):<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The inclusion of the African Union (AU) as a permanent member of the G20 is a significant milestone for global representation. This move holds several implications:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Enhanced Representation of Developing Nations:<\/strong><ul><li>The admission of the AU into the G20 is a substantial step towards providing a stronger voice to developing countries within this influential forum.<\/li><\/ul><\/li><li><strong>Reshaping Global Dynamics:<\/strong><ul><li>The AU&#8217;s membership in the G20 provides an opportunity to influence and reform global trade, finance, and investment, potentially leading to more equitable international economic relations.<\/li><\/ul><\/li><li><strong>Recognition of African Interests:<\/strong><ul><li>African perspectives and interests will now be acknowledged and taken into account within the G20. This inclusivity is vital for addressing global challenges and shaping policies that benefit all nations.<\/li><\/ul><\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Global_Biofuels_Alliance_GBA\"><\/span><strong>Global Biofuels Alliance (GBA):<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Overview:<\/strong> The GBA is an initiative primarily led by India, with the objective of establishing a coalition involving governments, international entities, and industry players to advocate for the adoption of biofuels. The main goal of this initiative is to position biofuels as a critical element in the shift towards cleaner energy and to contribute to job creation and economic development. It will also work to expedite India&#8217;s existing biofuel initiatives, including PM-JIVANYojna, SATAT, and the GOBARdhan scheme. According to the International Energy Agency (IEA), there is a substantial growth potential of 3.5-5 times for biofuels by 2050, primarily due to Net Zero targets, which presents a significant opportunity for India.<\/li><li><strong>Formation and Founding Members:<\/strong> The alliance was launched with an initial group of nine founding members, including India, the United States, Brazil, Argentina, Bangladesh, Italy, Mauritius, South Africa, and the United Arab Emirates. These members are major players in both the production and consumption of biofuels. Notably, the USA (52%), Brazil (30%), and India (3%) collectively account for around 85% of biofuel production and approximately 81% of its consumption.<\/li><li><strong>Membership Expansion:<\/strong> So far, 19 countries and 12 international organizations have committed to joining the GBA. Among the G20 countries, Bangladesh, Singapore, Mauritius, and the UAE are supporting the GBA. Outside the G20, countries like Iceland, Kenya, Guyana, Paraguay, Seychelles, Sri Lanka, Uganda, and Finland are also providing their support.<\/li><li><strong>International Organizations Involved:<\/strong> Numerous international organizations are participating in the GBA, including the World Bank, Asian Development Bank, World Economic Forum, World LPG Organization, UN-Energy for All, UNIDO, Biofutures Platform, International Civil Aviation Organization, International Energy Agency, International Energy Forum, International Renewable Energy Agency, and the World Biogas Association.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"India_%E2%80%93_Middle_East_%E2%80%93_Europe_Economic_Corridor_IMEC\"><\/span><strong>India \u2013 Middle East \u2013 Europe Economic Corridor (IMEC):<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Background:<\/strong> The Governments of India, the US, Saudi Arabia, the European Union, the UAE, France, Germany, and Italy have signed a Memorandum of Understanding (MoU) to create the India \u2013 Middle East \u2013 Europe Economic Corridor (IMEC). This corridor is part of the broader Partnership for Global Infrastructure Investment (PGII) initiative.<\/li><li><strong>Partnership for Global Infrastructure Investment (PGII):<\/strong> The PGII was initially introduced at the G7 summit in the UK in June 2021. It aims to fund infrastructure projects in developing nations by combining resources from both the public and private sectors.<\/li><li><strong>IMEC Project Overview:<\/strong> IMEC stands as a major infrastructure endeavour that links India, the Middle East, and Europe. The primary objective is to establish an extensive network of transportation routes, including railways and sea routes.<\/li><li><strong>Response to China&#8217;s Belt and Road Initiative (BRI):<\/strong> IMEC is viewed as a strategic response to China&#8217;s Belt and Road Initiative (BRI), offering an alternative infrastructure network that aims to enhance connectivity and economic cooperation among the participating regions.<\/li><li>The G20 Global Partnership for Financial Inclusion report, produced by the World Bank, commends the significant impact of India&#8217;s Digital Public Infrastructure (DPI) implemented by the Central Government over the last decade.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_document_highlights_key_initiatives_that_have_been_instrumental_in_shaping_the_DPI_landscape\"><\/span><strong>The document highlights key initiatives that have been instrumental in shaping the DPI landscape:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Swift Progress in Financial Inclusion:<\/strong><ul><li>India&#8217;s DPI approach achieved nearly five decades&#8217; worth of financial inclusion progress in just six years.<\/li><li>The Jan Dhan-Aadhar-Mobile (JAM) Trinity elevated the financial inclusion rate from 25% in 2008 to over 80% within six years.<\/li><li>Regulatory frameworks, national policies, and Aadhaar-based verification supported the DPIs.<\/li><\/ul><\/li><li><strong>Success of Pradhan Mantri Jan Dhan Yojna (PMJDY):<\/strong><ul><li>The number of PMJDY accounts surged from 147.2 million (March 2015) to 462 million (June 2022).<\/li><li>Among these, women own a majority at over 260 million.<\/li><li>PMJDY stimulated savings among low-income women, attracting over 12 million customers by April 2023.<\/li><\/ul><\/li><li><strong>Government to Person (G2P) Payments:<\/strong><ul><li>India&#8217;s digital G2P framework facilitated transfers of USD 361 billion to beneficiaries from 53 ministries across 312 schemes.<\/li><li>This resulted in total savings of USD 33 billion by March 2022, equivalent to 1.14% of GDP.<\/li><\/ul><\/li><li><strong>Preeminence of Unified Payments Interface (UPI):<\/strong><ul><li>In May 2023 alone, there were over 9.41 billion UPI transactions, valued at Rs 14.89 trillion.<\/li><li>UPI transactions in FY 2022\u201323 approached 50% of India&#8217;s nominal GDP.<\/li><\/ul><\/li><li><strong>Enhanced Efficiency in the Private Sector:<\/strong><ul><li>DPI streamlined operations for private organizations, reducing complexity, costs, and time.<\/li><li>Some Non-Banking Financial Companies (NBFCs) achieved 8% higher Small and Medium-sized Enterprises (SME) lending conversion rates, 65% savings in depreciation costs, and a 66% reduction in fraud detection costs.<\/li><li>Banks&#8217; customer onboarding costs in India decreased from USD 23 to USD 0.1 with DPI implementation.<\/li><\/ul><\/li><li><strong>Reduced Compliance Costs for KYC:<\/strong><ul><li>Compliance costs were slashed from USD 0.12 to USD 0.06, making services more accessible to lower-income clients.<\/li><\/ul><\/li><li><strong>Facilitating Cross-Border Payments:<\/strong><ul><li>The UPI-PayNow connection enables faster and more cost-effective cross-border payments with Singapore.<\/li><\/ul><\/li><li><strong>Account Aggregator Framework:<\/strong><ul><li>This framework enabled 1.13 billion accounts for data sharing, with 13.46 million consents obtained.<\/li><\/ul><\/li><li><strong>Data Empowerment and Protection Architecture (DEPA):<\/strong><ul><li>DEPA grants individuals control over their data, fostering innovation and competition.<\/li><\/ul><\/li><\/ol>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-cse-gs-integrated-course?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=GS+Integrated\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"1280\" height=\"300\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/8.png\" alt=\"\" class=\"wp-image-42401 lazyload\" data-srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/8.png 1280w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/8-1170x274.png 1170w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/8-585x137.png 585w\" data-sizes=\"(max-width: 1280px) 100vw, 1280px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1280px; --smush-placeholder-aspect-ratio: 1280\/300;\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Here_are_the_key_highlights_of_the_G20_Summit_2023\"><\/span><strong>Here are the key highlights of the G20 Summit 2023:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tripling_Global_Renewable_Energy_Capacity_by_2030\"><\/span><strong>Tripling Global Renewable Energy Capacity by 2030:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>G20 nations committed to working towards a threefold increase in global renewable energy capacity by 2030.<\/li><li>If achieved, this step could lead to a reduction of seven billion tonnes of carbon dioxide emissions between 2023 and 2030, according to the International Energy Agency (IEA).<\/li><li>This aligns with worldwide endeavours to limit global warming to 1.5 degrees Celsius and signifies a significant shift towards cleaner energy alternatives, departing from reliance on fossil fuels.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dedication_to_Global_Food_Security_and_Nutrition\"><\/span><strong>Dedication to Global Food Security and Nutrition:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>G20 leaders acknowledged the importance of addressing rising commodity prices, encompassing food and energy, which contribute to cost-of-living pressures.<\/li><li>They expressed a commitment to eradicating hunger and malnutrition, recognizing that global challenges like poverty, climate change, pandemics, and conflicts disproportionately affect vulnerable groups, particularly women and children.<\/li><li>The G20 declaration underscored the human suffering and repercussions of the conflict in Ukraine on global food and energy security, supply chains, inflation, and economic stability.<\/li><li>Notably, there was a call for the full and timely implementation of the Black Sea grain initiative.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Advancements_in_Agriculture\"><\/span><strong>Advancements in Agriculture:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>The G20&#8217;s agriculture working group reached a historic consensus on two significant aspects:<ul><li><strong>Deccan G20 High-level principles on Food Security and Nutrition:<\/strong> These encompass humanitarian aid, increasing food production, climate-smart approaches, inclusivity of agriculture food systems, a one-health approach, digitalization of the agriculture sector, and scaling responsible public and private investment in agriculture.<\/li><li><strong>MAHARISHI (Millets And OtHer Ancient Grains International ReSearcH Initiative):<\/strong> This initiative aims to advance research collaborations and raise awareness about millets and other ancient grains during the International Year of Millets 2023 and beyond.<\/li><\/ul><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Promotion_of_Transparent_and_Fair_Trade\"><\/span><strong>Promotion of Transparent and Fair Trade:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>G20 leaders pledged to promote transparent, fair, and rule-based trade in agriculture, food, and fertilizer.<\/li><li>They committed to refraining from imposing export restrictions, reducing market distortions, and aligning with World Trade Organization (WTO) rules.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strengthening_Agricultural_Market_Information_and_Monitoring\"><\/span><strong>Strengthening Agricultural Market Information and Monitoring:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>The importance of bolstering the Agricultural Market Information System (AMIS) and the Group on Earth Observations Global Agricultural Monitoring (GEOGLAM) was emphasized for enhanced transparency.<\/li><li>This includes expanding AMIS to include vegetable oils and enhancing collaboration with early warning systems to mitigate food price volatility.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Small_Arms_and_Terrorist_Safe_Havens\"><\/span><strong>Small Arms and Terrorist Safe Havens:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>The 2023 New Delhi Declaration builds on past G20 statements, particularly the 2015 Turkiye declaration, strongly condemning terrorism.<\/li><li>In contrast to the 2022 G20 Bali Leaders Declaration, which primarily focused on terrorism financing and strengthening the Financial Action Task Force (FATF), the New Delhi Declaration covers a broader spectrum of concerns.<\/li><li>G20 leaders, in the New Delhi Declaration, unequivocally denounce all forms of terrorism.<\/li><li>The declaration supports efforts by the FATF to enhance global networks for recovering criminal proceeds.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Healthcare_Resilience_and_Research\"><\/span><strong>Healthcare Resilience and Research:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>The G20 New Delhi Leaders&#8217; Declaration places significant emphasis on healthcare, highlighting the need to establish a resilient healthcare system.<\/li><li>It commits to reinforcing the global health framework for more robust, equitable, sustainable, and inclusive health systems, with the World Health Organization (WHO) at its core.<\/li><li>The objective is to elevate primary healthcare, the healthcare workforce, and essential health services to levels surpassing pre-pandemic conditions within the next two to three years.<\/li><li>Besides addressing ongoing epidemics like tuberculosis and AIDS, the G20 acknowledges the significance of research on long Covid.<\/li><li>India&#8217;s G20 presidency advocates for integrating evidence-based traditional medicine practices with modern medicine while stressing the importance of a one-health approach to combat antimicrobial resistance.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Finance_Track_Agreements\"><\/span><strong>Finance Track Agreements:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>India&#8217;s G-20 presidency lays the groundwork for a coordinated and comprehensive policy and regulatory framework for cryptocurrencies.<\/li><li>There&#8217;s an emphasis on achieving global consensus on regulating crypto assets.<\/li><li>G-20 leaders recognize the urgent need for more robust and effective Multilateral Development Banks (MDBs) to meet high developmental demands worldwide.<\/li><li>The India Stack model, which pertains to digital public infrastructure for financial inclusion, is acknowledged as a promising approach.<\/li><li>The New Delhi Declaration of G-20 leaders emphasizes the monitoring of risks associated with rapid developments in the crypto-asset ecosystem.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"India-Mercosur_Preferential_Trade_Agreement_PTA\"><\/span><strong>India-Mercosur Preferential Trade Agreement (PTA):<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>India and Brazil have agreed to collaborate on expanding the India-Mercosur PTA to bolster economic ties.<\/li><li>Mercosur, a trade bloc in Latin America comprising Brazil, Argentina, Uruguay, and Paraguay, formed the basis for this agreement, which came into effect on June 1, 2009, aimed at eliminating customs duties on a select range of goods.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/edukemy.com\/refer-and-earn\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"1280\" height=\"300\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/09\/Attempt-our-Daily-Weekly-Current-Affairs-Quiz-now-10-1.png\" alt=\"\" class=\"wp-image-46428 lazyload\" data-srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/09\/Attempt-our-Daily-Weekly-Current-Affairs-Quiz-now-10-1.png 1280w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/09\/Attempt-our-Daily-Weekly-Current-Affairs-Quiz-now-10-1-1170x274.png 1170w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/09\/Attempt-our-Daily-Weekly-Current-Affairs-Quiz-now-10-1-585x137.png 585w\" data-sizes=\"(max-width: 1280px) 100vw, 1280px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1280px; --smush-placeholder-aspect-ratio: 1280\/300;\" \/><\/a><figcaption><a href=\"https:\/\/edukemy.com\/refer-and-earn\" target=\"_blank\" rel=\"noopener\" title=\"\">Refer &amp; Earn NOW<\/a><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Climate_Financing_Commitment\"><\/span><strong>Climate Financing Commitment:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>The declaration underscores a substantial increase in climate financing, calling for a significant leap from billions to trillions of dollars.<\/li><li>It emphasizes the need for substantial financial resources, including USD 5.8-5.9 trillion in the pre-2030 period for developing countries and USD 4 trillion annually for clean energy technologies by 2030, to achieve net-zero emissions by 2050.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Indias_Cultural_Showcase\"><\/span><strong>India\u2019s Cultural Showcase:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Bharat Mandapam:<\/strong> Inspired by Anubhav Mandapam, a cultural pavilion showcasing India&#8217;s rich heritage.<\/li><li><strong>Bronze Statue of Lord Nataraja:<\/strong> Crafted in the intricate Chola style, depicting the divine dance of Lord Shiva.<\/li><li><strong>Konark Chakra and Nalanda University Image:<\/strong> Iconic representations, with the Konark Chakra from Odisha&#8217;s Sun Temple and an image of the historic Nalanda University as backdrops.<\/li><li><strong>Thanjavur Paintings and Dhokra Art:<\/strong> Displaying the exquisite artistry of Thanjavur paintings and the traditional Dhokra craft.<\/li><li><strong>Brass Statue of Lord Buddha:<\/strong> Depicting Lord Buddha in a meditative posture under the Bodhi tree.<\/li><li><strong>Diverse Musical Heritage:<\/strong> Showcasing a rich spectrum of musical traditions, including Hindustani, Folk, Carnatic, and Devotional music.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Transition_of_G20_Presidency\"><\/span><strong>Transition of G20 Presidency:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>The Prime Minister of India ceremoniously passed the customary gavel of the G20 chair to Brazilian President Luiz Inacio Lula da Silva. He is set to officially assume the G20 presidency on December 1, 2023.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"New_Delhi_Leaders_Declaration_G20_2023\"><\/span><strong>New Delhi Leaders Declaration (G20 2023):<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Global_Economic_Situation\"><\/span><strong>Global Economic Situation:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>The G20 2023 joint consensus, known as the New Delhi Leaders Declaration, is an official, non-binding statement emphasizing the importance of robust, sustainable, balanced, and inclusive economic growth.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Priorities_for_the_Global_Economic_Situation\"><\/span><strong>Priorities for the Global Economic Situation:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li>Prioritizing the protection of vulnerable populations by promoting equitable growth and enhancing macroeconomic and financial stability. This approach aims to address the cost-of-living crisis and facilitate strong, sustainable, balanced, and inclusive growth.<\/li><li>Supporting progress towards the 2030 Agenda for Sustainable Development to achieve robust, sustainable, balanced, and inclusive growth.<\/li><li>Focusing on creating inclusive, sustainable, and resilient global value chains, and providing support for developing countries to move up the value chain.<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trade_Facilitation_for_Growth\"><\/span><strong>Trade Facilitation for Growth:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Ensuring a rules-based, non-discriminatory, fair, open, inclusive, equitable, sustainable, and transparent multilateral trading system, with the World Trade Organization (WTO) as its core.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recognition_of_MSME_Challenges\"><\/span><strong>Recognition of MSME Challenges:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Acknowledging the challenges faced by Micro, Small, and Medium-sized Enterprises (MSMEs), particularly in developing nations, concerning access to information. The declaration welcomes the Jaipur Call for Action, which aims to enhance MSMEs&#8217; access to information and promote their integration into international trade.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fighting_Corruption\"><\/span><strong>Fighting Corruption:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Strengthening international cooperation and information sharing for combating corruption, as well as bolstering mechanisms for asset recovery.<\/li><li>Commitment to seizing, confiscating, and returning criminal proceeds in alignment with global obligations and domestic legal frameworks, including support for the Financial Action Task Force (FATF) and operationalization of the GlobE Network.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommitting_to_Achieving_SDGs\"><\/span><strong>Recommitting to Achieving SDGs:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Pledging collective action for effective and timely implementation of the G20 2023 Action Plan to Accelerate Progress on the Sustainable Development Goals (SDGs).<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strengthening_Global_Health_and_Implementing_One_Health_Approach\"><\/span><strong>Strengthening Global Health and Implementing One Health Approach:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Focus on enhancing the global health framework with the World Health Organization (WHO) at its core.<\/li><li>Aims to build more resilient, equitable, sustainable, and inclusive health systems, achieving Universal Health Coverage.<\/li><li>Emphasis on implementing the One Health approach, bolstering pandemic preparedness, and strengthening infectious diseases surveillance systems.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Designing_a_Circular_Economy_World\"><\/span><strong>Designing a Circular Economy World:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Establishment of the Resource Efficiency and Circular Economy Industry Coalition (RECEIC) to improve waste management and significantly reduce waste generation by 2030.<\/li><li>Promoting the importance of zero waste initiatives.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Other_Major_Outcomes\"><\/span><strong>Other Major Outcomes:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Addressing significant differences in the Russia-Ukraine war.<\/li><li>Advocating for the full implementation of the Black Sea Grain Initiative.<\/li><li>Implementing an Action Plan against Fugitive Economic Offenders.<\/li><li>Taking steps to counter terrorism and money laundering.<\/li><li>Aiming for a globally fair, sustainable, and modern international tax system.<\/li><li>Focus on Digital Public Infrastructure, including areas like cryptocurrency and artificial intelligence.<\/li><li>Commitment to gender equality and women&#8217;s empowerment.<\/li><li>Introduction of the G20 Deccan High-Level Principles on Food Security and Nutrition in 2023.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_G20_Summit_in_2023_commits_to_a_range_of_critical_initiatives\"><\/span><strong>The G20 Summit in 2023 commits to a range of critical initiatives:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Accelerating Inclusive Growth:<\/strong> The G20 is dedicated to promoting strong, sustainable, balanced, and inclusive growth.<\/li><li><strong>2030 Agenda Implementation:<\/strong> A strong commitment to expediting the full and effective implementation of the 2030 Agenda for Sustainable Development.<\/li><li><strong>Environmental Sustainability:<\/strong> The pursuit of low greenhouse gas (GHG) emissions, climate-resilient, and environmentally sustainable development pathways, with an emphasis on integrated and inclusive approaches.<\/li><li><strong>Health Preparedness:<\/strong> Enhancing access to medical countermeasures and boosting supplies and production capacities in developing countries to better prepare for future health emergencies.<\/li><li><strong>Debt Management:<\/strong> Urgently and effectively addressing debt vulnerabilities in developing countries to promote resilient growth.<\/li><li><strong>SDG Financing:<\/strong> Scaling up financing from all sources to accelerate progress on the Sustainable Development Goals.<\/li><\/ol>\n\n\n\n<p>The G20 Summit 2023 recognizes the pressing need for concerted action to address these pressing global challenges and to pave the way for a more sustainable and equitable future. Cooperation among nations is seen as the linchpin for finding solutions and charting a course toward a better world.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-essay?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Essay\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/UPSC-Essay-Course-1280\u00d7300-1-3.svg\" alt=\"\" class=\"wp-image-42688 lazyload\" width=\"781\" height=\"182\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 781px; --smush-placeholder-aspect-ratio: 781\/182;\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>In conclusion, the G20 Summit 2023 underscores the critical importance of international cooperation in shaping the trajectory of the world. The global community continues to face significant challenges and headwinds that impact economic growth and stability.<\/li><li>Despite years of cascading crises, there remains an urgent need to redouble efforts to achieve the Sustainable Development Goals (SDGs) outlined in the 2030 Agenda. The world is grappling with rising greenhouse gas emissions, climate change, biodiversity loss, pollution, drought, land degradation, and desertification, all of which pose severe threats to lives and livelihoods.<\/li><li>Moreover, escalating commodity prices, including those of food and energy, are exerting pressure on the cost of living. Global challenges such as poverty, inequality, climate change, pandemics, and conflicts disproportionately affect vulnerable groups, particularly women and children.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q1_When_and_where_is_the_G20_Summit_in_India_scheduled_to_take_place\"><\/span>Q1: When and where is the G20 Summit in India scheduled to take place? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A1: The G20 Summit in India is scheduled to take place in New Delhi from April 29 to April 30.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q2_What_is_the_theme_of_the_G20_Summit_in_India\"><\/span>Q2: What is the theme of the G20 Summit in India? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A2: The theme of the G20 Summit in India is &#8220;Building Consensus for Fair and Sustainable Development.&#8221;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q3_What_are_the_key_priorities_on_the_agenda_for_the_G20_Summit_in_India\"><\/span>Q3: What are the key priorities on the agenda for the G20 Summit in India? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A3: Key priorities on the agenda for the G20 Summit in India include addressing global economic challenges, fostering international cooperation on climate change, advancing digital transformation, and enhancing global health resilience.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q4_How_will_India_leverage_the_G20_Summit_to_strengthen_its_global_leadership_role\"><\/span>Q4: How will India leverage the G20 Summit to strengthen its global leadership role? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A4: India aims to leverage the G20 Summit to showcase its commitment to multilateralism, advocate for equitable development, and foster partnerships for inclusive growth, thus enhancing its global leadership role in shaping the agenda for sustainable development and economic resilience.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_case_you_still_have_your_doubts_contact_us_on_9811333901\"><\/span><strong>In case you still have your doubts, contact us on 9811333901.<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>For UPSC Prelims Resources,&nbsp;<a href=\"https:\/\/edukemy.com\/upsc-cse-prelims-resource-centre\" target=\"_blank\" rel=\"noreferrer noopener\">Click here<\/a><\/p>\n\n\n\n<p>For Daily Updates and Study Material:<\/p>\n\n\n\n<p>Join our Telegram Channel &#8211;&nbsp;<a href=\"https:\/\/t.me\/WithEdukemy4IAS\" target=\"_blank\" rel=\"noreferrer noopener\">Edukemy for IAS<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>1. Learn through Videos &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3vOD8sU\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>2. Be Exam Ready by Practicing Daily MCQs &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3Q9z2nF\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>3. Daily Newsletter &#8211; Get all your Current Affairs Covered &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3bE2y5J\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>4. Mains Answer Writing Practice &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3mZuVxl\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Visit_our_YouTube_Channel_%E2%80%93_here\"><\/span>Visit our YouTube Channel &#8211;&nbsp;<a href=\"https:\/\/www.youtube.com\/@ShabbirsEduKemyforIAS\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>On September 9 and 10, 2023, New Delhi, India hosted the 18th G20 Summit. The G20 Leaders&#8217; Summit was held in India for the first time.<\/p>\n","protected":false},"author":17,"featured_media":27092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1770],"tags":[1920,186,232,213,140],"class_list":["post-27091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-post-independence-general-studies","tag-g20-summit","tag-general-studies-1","tag-upsc","tag-upsc-notes","tag-upsc_preparation_strategy"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/27091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/comments?post=27091"}],"version-history":[{"count":1,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/27091\/revisions"}],"predecessor-version":[{"id":27093,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/27091\/revisions\/27093"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media\/27092"}],"wp:attachment":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media?parent=27091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/categories?post=27091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/tags?post=27091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}