Jammu and Kashmir will host the 2023 meetings of the G20, an influential group of the world’s major economies. J&K government has set up a five-member high-level committee for overall coordination of G20 meetings to be held in the Union Territory.
Commerce and Industry Minister Piyush Goyal was appointed as India’s Sherpa for the G20 in September 2021. According to the Ministry of External Affairs, India will hold the G-20 presidency from December 1, 2022, and convene the first G20 leaders’ summit in 2023.
India’s representation at G20 summits has been led by Prime Minister Modi since 2014.
What is G20?
The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union (EU). It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.
The G20 is composed of most of the world’s largest economies, including both industrialized and developing nations, and accounts for around 90% of gross world product (GWP), 75–80% of international trade, two-thirds of the global population, and roughly half the world’s land area.
- Formation 26 September 1999
- Membership – 20 members
- Chairman – Joko Widodo, President of Indonesia
The G20 countries include Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United States and the United Kingdom.