India’s G20 Presidency: Making Progress Toward an Advanced Economy
India assumed the G20 Presidency on December 1 last year with an opportunity to bring more focus on the issues of critical global importance being the fastest-growing major economy among the leading economies. A leading forum of the world’s major economies, G20 seek to develop global policies to address today’s most pressing challenges. The G20 has 19 member countries and the European Union. The G20 grouping represents 90 per cent of global GDP and 80 per cent of global trade and 2/3rds of global population. An analysis of GDP growth of the G20 Countries indicates that India is the growth leader in all the G20 countries. India’s GDP growth rate for the years 2023 to 2026 (average) would be highest at 6.1 per cent followed by China at 4.4 per cent and Turkey at 3 per cent. Being the fastest-growing economy, India holds a great position to enhance its bilateral economic relations with the G20 countries. The G20 is designated as the premier forum for international economic ...