Summit

The world’s major developed and developing economies forms the G20 which is an intergovernmental forum. The G20 summit will take place on 15 and 16 November in Bali. Along with being the premier forum for international economic cooperation, it also represents nearly 85 per cent of the global gross domestic product

India’s G20 (Group of 20) Sherpa Amitabh Kant said that G20 gives a great opportunity for lending a healing touch to the world while facing challenges, on 8 November.

The world’s major developed and developing economies forms the G20 which is an intergovernmental forum. Reportedly, on 1 December India will assume the presidency of the powerful grouping from the current chair Indonesia. 

The G20 serves a great opportunity for lending a healing touch to the world while facing challenges and bring it back in track of peace and prosperity, said Kant addressing the event by industry chamber PHDCCI. 

Highlighting the G20 being a perfect blend of developed and developing nations, he said India getting handed over the baton in December from Indonesia holding the current presidency role, and then handing it over to Brazil portrays that emerging markets will be playing a major role in the G20 Presidency.

The president of PHDCCI, Saket Dalmia said that the Presidency of the G20 is a watershed moment for India. the industry chamber looks forward to lending support to the government in fulfilling the G20 agenda.

The G20 summit will take place on 15 and 16 November in Bali. It comprises of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US and the European Union (EU).

Along with being the premier forum for international economic cooperation, it also represents nearly 85 per cent of the global gross domestic product. Out of the same, it represents around 75 per cent of the global trade and nearly two thirds of the world population.