Policy Frameworks & their Effects at G20
As the world grapples with unprecedented challenges and seeks new avenues for global cooperation, there’s one nation that stands at the forefront, ready to lead the way – India. The world’s largest democracy is set to take the center stage as it boasts the prestigious G20 Summit, ushering in a new era of diplomacy, innovation, economic collaboration, and an invaluable window of opportunities. India’s leadership is of utmost importance, and this significance is clearly encapsulated in the theme of India’s G20 presidency: ‘One Earth, One Family, One Future.
The G20 members represent around 85% of the global GDP, over 75% of global trade, and about two-thirds of the world population. Given the platform to engage with major global economic players, India’s role as a forum coincides with a pivotal moment when blooming India seeks to expand its global presence after navigating through the challenges posed by the pandemic remarkably well. At this juncture, India’s G20 presidency is perfectly timed to exert a more substantial influence on shaping global policies across various sectors, including economics, social issues, the environment, and the digital realm. All this unfolds as India stands as the world’s fastest-growing major economy in an increasingly polarized world characterized by mounting debt, slowing growth, and heightened uncertainty.
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