PM Modi unveils logo and website; Everything you need to know

Prime Minister Narendra Modi today unveiled the logo, theme and website of India’s G20 Presidency at an online event and said it was a proud and inspiring moment. a great opportunity for India.

“It’s a matter of pride for all Indians; it will bring greater glory to all Indians,” Prime Minister Modi said.

He also added that the logo, theme and website of India’s G20 Presidency reflect the country’s “overall message and priorities” to the world.

India will assume the presidency of the powerful G20 grouping from the current Indonesian presidency on December 1.

Highlighting the 75th anniversary of India’s independence in which the government celebrates Azadi ka Amrit Mahotshab, the Prime Minister added that all governments and all people have contributed to the development trajectory of the country since independence. .

Notably, it is very rare for Prime Minister Modi to refer to the contribution of previous governments to India’s development. The common refrain among the right is that India won freedom in 2014 when Modi came to power.

Referring to the democratic traditions of the country, he mentioned that India has the ability to show the world how democracy as a culture reduces the scope of conflicts.

He emphasized environmental sustainability and said that development and environment (Pragati and Prakriti) can walk together while emphasizing sustainable development.

But what is the G20? How did India become its president? Does it have something to do with the power of the country? What is the G20 Troika? Here’s everything you need to know.

What is the G20?

The G20 or Group of 20 is an intergovernmental forum of the world’s major developed and developing economies.

The G20 includes Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA and Europe. European (EU).

The G20 summit takes place on November 15-16 in Bali and, along with several senior leaders, Prime Minister Modi is also expected to attend.

This group is the premier forum for international economic cooperation, representing approximately 85% of global GDP, more than 75% of global trade and approximately two-thirds of the world’s population.

How did India become chair of the G20?

In accordance with the G20 convention, there is no permanent secretariat. On the contrary, member countries select by consensus a president for a single term of one year.

Interestingly, the rotation covers all member countries giving it equal value.

It has nothing to do with the economic prowess or performance of that particular country.

What is the G20 Troika?

The G20 troika is the important group among the countries which includes the last, the future president and the current president. India is now part of it with the last Italian president, the current Indonesian president.

When India assumes the presidency, India will have Indonesia and Brazil in the troika. It is for the first time since the formation of the group in 1999 that two developing economies of the world will be part of the Troika.

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