Know all About G20 Summit 2023! Key Insights into the Premier Forum for International Economic Cooperation
The G20 Summit is a crucial international gathering that brings together leaders from the world’s most influential economies. Established in 1999, the Group of Twenty (G20) comprises 19 individual countries and the European Union, representing two-thirds of the world’s population and over 80% of global GDP. This annual summit plays a crucial role in shaping global economic policies and addressing pressing global challenges. As the G20 summit 2023 is on the rounds let’s get to know all about it in detail.
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The primary objective of the G20 Summit is to promote international financial stability and sustainable economic growth. Leaders discuss a wide range of issues, including trade, climate change, poverty reduction, and pandemic response. With its informal and inclusive format, the G20 allows for candid discussions and cooperation on pressing global problems.
Over the years, the G20 Summit has addressed critical issues such as the 2008 financial crisis and the ongoing COVID-19 pandemic. It has also tackled trade disputes, environmental concerns, and development goals. The outcomes of these summits can have a profound impact on the global economy, making it a significant event for policymakers, businesses, and citizens worldwide.
G20 Summit 2023: Delhi Closure, Presidency, and More
The G20 Summit 2023 is set to take place in New Delhi on September 9-10. The government of Delhi has announced that from September 8-10, various offices, organisations, and educational institutions will remain closed, ensuring a smooth G20 experience. This year marks India’s first-ever G20 presidency, the 18th G20 Summit in history.
Delhi is all set for G-20.#G20Summit2023 pic.twitter.com/IwROZSWydt
— Kamaljeet Sehrawat (@kjsehrawat) September 4, 2023
The Summit 2023’s logo is inspired by India’s national flag and features the Lotus, Earth, and the word “India” in Devanagari script. It symbolises growth in harmony with nature and showcases India’s eco-friendly approach to life.
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The theme for this year’s G20 Summit, “Vasudhaiva Kutumbakam” (One Earth, One Family, One Future), reflects the interconnectedness of all life forms with Earth and the universe, drawn from the ancient Sanskrit text of Maha Upanishad.
Theme of India's G20 Presidency 'Vasudhaiva Kutumbakam' not just slogan but comprehensive philosophy derived from our cultural ethos: #PMModi #G20Summit2023
— mishikasingh (@mishika_singh) September 3, 2023
With over 40 countries and heads of state participating, this year’s G20 Summit is set to be a global event of economic significance. The eyes of the world will be on New Delhi for this two-day summit, highlighting India’s growing role in the global economic landscape.
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