Towards a Brighter Tomorrow: India’s G20 Presidency and the Dawn of a New Multilateralism

Today marks 365 days since India assumed the G20 Presidency. It is a moment to reflect, recommit, and rejuvenate the spirit of ‘Vasudhaiva Kutumbakam, ‘One Earth, One Family, One Future.’

As we undertook this responsibility last year, the global landscape grappled with multifaceted challenges: recovery from the Covid-19 pandemic, looming climate threats, financial instability, and debt distress in developing nations, all amid declining multilateralism. In the midst of conflicts and competition, development cooperation suffered, impeding progress.

Moody’s: India’s economy to outperform, G20 growth to moderate

Moody’s expects global G20 growth to moderate in 2024 to 2.1 per cent from 2.8 per cent in 2023 and accelerate in 2025 to 2.6 per cent, the firm said in its Global Macroeconomic Outlook 2024-25 report. Economic strength across emerging market countries varies considerably, with some like India, Brazil, Mexico and Indonesia outperforming expectations, while outlooks for Turkey and Argentina are highly uncertain, the report states. The report states that India’s sustained domestic demand growth is propelling the country’s economy.

President Joe Biden heads to India for G20 summit, says US wants to show commitment to forum

President Joe Biden on Thursday headed for the G20 Summit, which is scheduled to take place on September 9 and 10 in New Delhi, India. As the President boarded the flight for India, Biden, on his social media account X, said, “I’m headed to the G20 — the premier forum for international economic cooperation — focused on making progress on Americans’ priorities, delivering for developing nations, and showing our commitment to the G20 as a forum that can deliver.”

President Joe Biden tests Covid negative ‘again’, will travel to India for G20 Summit

President Joe Biden on Tuesday tested negative for COVID-19 again, the White House said. “An update on the President and the first lady Jill Biden since she tested positive for COVID-19 last night. I can tell you that the first lady is experiencing mild symptoms and will remain in Delaware for the week. President Biden tested negative last night for COVID-19 and tested negative again today,” White House Press Secretary Karine Jean-Pierre said in a briefing.

Political storm erupts over BJP govt using “President of Bharat” in G20 invitation

The BJP government came under fire over the “President of Bharat” printed on a G20 dinner invitation instead of the customary “President of India” on September 5, 2023. The invitation from President Droupadi Murmu heckled the opposition parties and the Congress claimed that the BJP is “scared” of the INDIA bloc and is diverting people’s attention from more relevant issues facing the nation like price rise and mushrooming joblessness.