Role played by India in G20

G20

  1. As a major developing economy India has a vital stake in the stability of the international economic and financial system.
  2. India has been actively involved in the G20 preparatory process both at the Sherpas Track and the Financial Track since its inception.
  3. The Prime Ministers of India have participated in all seven G20 summits.
  4. India’s agenda at the G20 Summits is driven by the need to bring in greater inclusivity in the financial system and ensuring that growth prospects of developing countries do not suffer.
  5. India has strived to ensure that the focus of the global community remains on the need to ensure adequate flow of finances to emerging economies to meet their developmental needs.
  6. Prime Minster of India called for the recycling of surplus savings into investments in developing countries to not only address immediate demand imbalances but also developmental imbalances.
  7. India has worked to maintain the dynamism and credibility of G20 deliberations for establishing a framework for strong, sustainable and balanced growth, strengthening international financial regulatory systems, facilitating trade finance, pushing forward the Doha agenda.
  8. India remains committed to the G20 process for achieving a stable, inclusive and representative global economic and financial system.

Conclusion:   In spite of all of these challenges, the formation of G20 signifies an end of an era when developed countries dominated global economic governance. By raising their voices and building on their influence, emerging economies will be able to steer world economy towards a more just, balanced and rational future.

SimplyBiz Private Limited provides managed services in the field of Advisory, Transactions, Business Setup, Compliance, Accounting, and Taxation. SimplyBiz has its Head office in Hyderabad and branch offices in Bengaluru, Chennai, Mumbai, and National Capital Region.

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