look | PM Narendra Modi takes over the presidency of G20 from Indonesia

look |  PM Narendra Modi takes over the presidency of G20 from Indonesia

Indonesian President Joko Widodo handed over the G20 chairmanship to Prime Minister Narendra Modi amid thunderous applause because the two-day bloc’s leaders’ summit in Bali concluded on Wednesday.

In his closing remarks, Widodo stated the Group of 20 main economies adopted a joint declaration and cast different partnerships. Later, he handed over the reins of the presidency to PM Modi. India will formally assume the presidency from 1 December.

PM Modi stated that it’s a matter of satisfaction for each citizen of the nation that India is chairing the G20. “With the efforts of every country, we can make the G20 summit a catalyst for global well-being,” he stated.

Foreign Secretary Vinay Kwatra stated India has made a “constructive” contribution to the drafting of the G20 “Outcome Document”.

G20 consists of 19 nations – Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA and U.Okay. s. European Union (EU). Together, they account for 80 p.c of worldwide GDP, 75 p.c of worldwide commerce, and two-thirds of the world inhabitants.

The three-day summit was attended by Chinese President Xi Jinping, US President Joe Biden, UK Prime Minister Rishi Sunak and French President Emmanuel Macron, amongst others.

Ahead of his Bali go to, PM Modi had stated that India’s G20 presidency can be primarily based on the theme ‘Vasudhaiva Kutumbakam’ or ‘One Earth, One Family, One Future’.

with inputs from businesses

With inputs from TheIndianEXPRESS

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