11 Aug 2022 A changing Global Vision for G 20: An analysis of the role of India in this perspective
Context: The summit of G20 is an upcoming summit that is going to be held in Bali (15-16 November 2022) and the next G20 summit will be held in 2023 in Kashmir. In the summit of 2022, India would lead the foundations of the agenda for the summit of 2023
Introduction
G20 is a group of 19 countries and the European Union. It is an intergovernmental organization. It was founded in 1999. Its president is the president of Indonesia. The G20 plays an important role in shaping and strengthening global architecture and governance on all major international economic issues. Global prosperity is interlinked with the programs of the G20. G20 also tackles the global issues of poverty and unemployment as well as other economic challenges
India has played an important role in the G20 summit and being benefited for a long time also. India will emphasize the important issue of energy, agriculture, trade, digital economy, health, and environment to employment, tourism, anti-corruption, and women empowerment, including in focus areas that impact the most vulnerable and disadvantaged. These issues are concerning issues for the developing countries
The inclusive economic development of the world is only possible with global cooperation. The institutions like UNO and WTO can play an important role in this regard. These international institutes should help those countries which are economically deprived. These institutions can play the role in securing cooperation between donor and recipient country groups is losing the centrality
There are now three important socio-economic systems: G7, China-Russia, India, and others. All they will jointly set the global agenda. Because of the Russia Ukrain conflict for a long time, and the expanding influence of the trade and value chains dominated by the U.S. and China developing countries are having few alternatives for getting international economic support.
G 20 countries are the group of those countries that hold 95% of the world’s patents, 85% of global GDP, 75% of international trade, and 65% of the world population. Hence it is obvious that their agenda would influence the world’s economy
Role of India in G20
India should have some collaboration on limited focus areas around science and technology, building on resolutions of the United Nations General Assembly (UNGA) and other multilateral bodies. The following path should be adopted by India ‘
- India should make collaboration with those countries traveling in the same boat as per the economic perspective
- emerging economies are no longer to be considered the source of problems needing external solutions but the source of solutions to shared problems.
- the BRICS provides an appropriate model for governance institutions suitable for the 21st century where a narrow group of states dominated by one power will not shape the agenda.
In the upcoming summit of G20, the common concern of all the countries would be Human rights. There is a growing recognition of economic and social rights. the right to adequate food, housing, education, health, water and sanitation, and work for all would be discussed in this summit.
Besides, another important agenda for pacing up the world’s economy should be investment. How investment should be increased in those countries whose economy has collapsed during the corona pandemic
The issue related to environment conservation should also be discussed
space is the next frontier for finding solutions to problems of natural resource management ranging from climate change-related natural disasters and supporting agricultural innovation to urban and infrastructure planning. this should also be discussed in the upcoming G20
India should raise the issue of the digital-information-technology. The term universal services should be redefined. The internet services should be excessively for all.
Public health is another important issue of Global concern. We could fight the Global health issue jointly. After the COVID -19, it has been proven. A major global challenge is the rapidly growing antimicrobial resistance which needs new antibiotics and collaboration between existing biotechnology facilities.
Conclusion
As per the above discussion, it can be said that the upcoming G20 summit held in Bali would be a more significant Global summit for the world. India is the world’s leading country in population. therefore India’s role in this summit will be more influenceable. India is a developing country that is facing various economic and social issues which can be tackled only through the world’s cooperation
Yojna IAS daily current affairs eng med 11thAugust
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