The G20 Summit 2023, gathering leaders from the world’s most influential nations, is set to grace New Delhi on September 9-10 this year. As India wraps up its year-long presidency, the summit will culminate with the adoption of the G20 Leaders’ Declaration, solidifying the commitment of participating leaders to the priorities established during various ministerial and working group sessions.
The theme for G20 Summit 2023 is ‘Vasudhaiva Kutumbakam — One Earth, One Family, One Future.’ This theme draws its inspiration from the ancient Sanskrit text of the Maha Upanishad, highlighting the intrinsic value of all life forms, from humans and animals to plants and microorganisms. It underscores their interconnectedness on planet Earth and in the broader cosmos.
Additionally, the theme sheds light on ‘LiFE’ (Lifestyle for Environment), emphasising environmentally sustainable and responsible choices, both at the individual and national levels. This approach aims to spark global transformations towards a cleaner, greener, and more sustainable future.
India assumes the role of host for the G20 Summit 2023. The selection of the host nation is a pivotal aspect of the G20 dynamics, with the hosting responsibility rotating among its members. India’s tenure as host holds the promise of shaping the group’s agenda for the year.
The G20 Summit 2023, comprising 19 individual nations and the European Union, collectively represents a significant international consortium. These nations account for approximately 85% of the global gross domestic product, over 75% of global trade, and nearly two-thirds of the world’s population. The G20 Summit 2023 presidency rotates among five groups of member countries. Each country within a group becomes eligible for the presidency during its group’s turn, with negotiations among eligible countries determining the group’s presidency.
The G20 presidency is an esteemed privilege that comes with substantial responsibilities. The presiding nation plays a central role in setting the G20 agenda, hosting meetings and the G20 Leaders’ Summit, and providing logistical support. In the absence of a permanent secretariat, the host country mobilises human and material resources to facilitate the forum’s functioning throughout the year. Furthermore, the G20 president extends invitations to guest countries and organisations to participate in G20 processes. In short, the G20 presidency is a major honour and responsibility, one which allows the country to determine the workings of the group for a year.
The G20 Summit 2023‘s journey from obscurity to prominence traces back to the global financial crisis of 2008. During this crisis, France, holding the EU presidency, advocated for an emergency summit to address the escalating economic turmoil. The G8, consisting of Canada, France, Germany, Italy, Japan, Russia, the UK, and the US, lacked the collective influence to stabilise the crisis. Hence, the G20 emerged as the fitting solution. The first G20 Leaders’ Summit, titled the ‘Summit on Financial Markets and the World Economy,’ convened in Washington DC in November 2008. It featured the leaders of the 20 member nations, along with key figures from the IMF, the World Bank, the United Nations, Spain, and the Netherlands. Since then, annual summits have become integral to the global agenda.
The G20 Summit 2023 in New Delhi is anticipated to draw participation from over 40 world leaders. As preparations for this significant event are underway, it’s crucial to examine the confirmed attendees and notable absences.
Ukraine’s President Volodymyr Zelensky will not be present at the New Delhi summit as he has not received an invitation to attend.
Several countries have not yet confirmed their attendance, including Saudi Arabia, South Africa, Mexico, Japan, Italy, Germany, Indonesia, Brazil, and Argentina.
Furthermore, the summit will witness the participation of “guest countries,” including the Netherlands, Singapore, Spain, the UAE, Oman, Bangladesh, Egypt, Mauritius, and Nigeria.
As the G20 Summit 2023 unfolds, the world will closely watch the outcomes and commitments made by participating countries. From addressing climate change to fostering economic resilience, the summit’s agenda encompasses critical aspects of global governance.
In addition to the formal discussions and meetings, the summit offers opportunities for bilateral and multilateral engagements, providing leaders with a platform to strengthen diplomatic ties and explore collaborative initiatives.
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The G20 Summit 2023 is a meeting of leaders from the world’s most influential nations. It is set to take place in New Delhi on September 9-10, 2023, at the newly constructed Bharat Mandapam exhibition center.
The theme of the G20 Summit 2023 is ‘Vasudhaiva Kutumbakam — One Earth, One Family, One Future.’ It emphasizes the interconnectedness of all life forms on Earth and promotes environmentally sustainable choices.
The host country for the G20 Summit is determined through a rotating system among G20 member countries. Each country within a group becomes eligible for the presidency during its group’s turn, with negotiations among eligible countries determining the group’s presidency.
The G20 emerged as a significant global forum during the global financial crisis of 2008. It became necessary to address the economic turmoil as the G8, which lacked collective influence, was insufficient. The first G20 Leaders’ Summit took place in November 2008 in Washington DC.
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