The 18th G20 Summit, 2023

~By Ranveer

India successfully hosted the 18th G20 Summit in New

Delhi. It was the first time India got the honour of
hosting all the leaders in the G20. The event took place
from 9th September to 10th September, 2023 at the
Bharat Mandapam International Exhibition
Convocation Centre, formally known as Pragati
Maidana. The Government of India budgeted Rs. 990
crore (US $120 million) for the G20 events. For the
Security of the event, the government has deployed
130,000 security personnel.
The G20 is a group of 20 intergovernmental forums.
Every year, all the leaders of the G20 countries meet to
address major global issues economic issues, climate
change, and sustainable development. The member
countries of the G2O make up 80% of global GDP, 75%
of international Trade, and two-thirds of the world’s
population.
The theme for this G20 Summit 2023 was “Vasudhaiva
Kutumbakam” which means “One Earth, One family,
One future”. This is inspired by the Maha Upnishad.
The context of the theme shows India’s commitment to
global unity and cooperation.
All the leaders from all the G20 countries attended this
summit, including Prime Minister Narendra Modi,
President Joe Biden, Prime Minister Rishi Sunak, and
other top leaders. India also extended the invitation to
the G20 summit to 11 leaders of other nations to
participate as guests.
This G20 Summit was very successful, and it was a
diplomatic win for India as the Modi administration
successfully released the Delhi Declaration, where all
the countries agreed on several issues.
The key decision from this event was the “Green
Development pact” which envisaged green
development for a sustainable future.
India Middle East-European economic corridor, This is
an ambitious India, Middle East, and Europe economic
corridor announced during the summit. Other key
decisions and outcomes include digital public
infrastructure, permanent membership for the African
Union, launching of the Global Biofuel Alliance (GBA) to
promote the development and adoption of sustainable
Biofuels, adoption of the New Delhi Leaders
Declaration with consensus, and many more.
Overall, the 18th G20 summit in New Delhi was very
significant; it brought all world leaders together to
discuss global economic issues. The outcomes of the
summit are expected to have far-reaching implications
for global economic policies and strategies.