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Gulshan Kumar Project File
Gulshan Kumar Project File
JULY 2023
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MY BIO DATA
I AM STUDY IN CLASS X A
I AM 16 YARS OLD
The G-20 was formed in 1999 with 19 counties and European Union. The G-20 are top
economies of the world accounting for nearly 90% of global GDP , 70-80% of world trade ,
2/3rds of global population and 50% of land area of globe. Initially it was formed for economic
reasons and stability but now it’s focusing on issues like climate change , global warming ,
international trade etc.This years G-20 summit was at Rome. WHO has made a self target to
achieve vaccination of 40% of global population by end of 2021 and of 70% by mid 2022. G-
20 have shown commitment to assist to achieve this target. They also discussed that by when
the economic stimulus will continue to the economy, so it was decided that till economy is out
of the shock of pandemic, stimulus will continue. For this money is needed which will come
tax, hence also agreed on global minimum tax which most likely shall be effective from
2023.Then COP26 also happened around same time. Here, developing countries reiterated
that promise made by developed countries to provide financial assistance of $100B per year
from 2020 for transition towards a green economy. The developed countries took a pledge
again to focus on this. So collectively also these decisions coming at a circular time when the
world needs to be financially stable to keep its economy stable. Implementation of plans and
achieving the targets set here will play a vital role in keeping global political environment
stable and conducive for growth of economies.