Video Explanation: G20, G20 Members Countries & Working

Welcome to my Blog Mufawad. In this Video lesson, which I delivered to my children of Govt High School Amad on 1st Feb 2023, we discuss about G20, it's member states, its working and G20 2023 leaders summit to be held at New Delhi on 9th and 10th September 2023.

"Click here to read about Importance of Science for sustainable development"

Brief Idea about G20

Group of Twenty also called G20 is a forum for international economic cooperation.

The G20 was founded in 1999 after the Asian financial crisis as a forum for the Finance Ministers and Central Bank Governors to discuss global economic and financial issues as a premier forum for international economic cooperation, G20 plays a vital role in shaping and strengthening global architecture and governance on all major international economic issues. 

G20’s role as international forum was recognized through its initiatives for economic and mutual cooperation of member countries and the Group of Twenty was strengthened and upgraded to the level of Heads of State post global financial crisis of 2007 and designated as the ‘premier forum for international economic cooperation’. This makes G20 truly an international organization for economic cooperation among its member countries. 

G20 comprises 19 countries and an organization of countries known as the European Union as members. The members of G20 are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom and United States and the European Union. The countries are from across the world and these members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population. This is why G20 is an important organization from the current economic, political and socio-cultural contexts as every country endeavors to enable themselves to economic develop and be a self-sustaining country in the context of globalization.

G20 2023

India has assumed its Presidency on 1st December 2022 and will hold it till 30th November 2023. It is a proud moment for all in India as citizens taking over the G20 Presidency at a crucial period of time in history. India is imbedded with the spirit of democracy since more than 3000 years and has been always at the forefront of cooperation. G20 forum gives India the unique opportunity to communicate its democratic ethos to the world.

If we notice closely the G20 was launched as a forum for economic cooperation focusing majorly on broad macroeconomic issues, but in due course of time and recognizing the need it has expanded its agenda and includes trade, climate change, sustainable development, health, agriculture, energy, environment, and anti-corruption. The agenda and mandate of G20 now addresses the needs of the current times in order to deliberate on and benefit its members.

One of the themes in the G20 Agenda is the concept of LiFE (Life Style For Environment) with the aim of living in harmony with nature for a sustainable living. The idea was enunciated by our Prime Minister Shri Narendra Modi at Glasgow in the Conference of Parties (Climate Change Conference of Parties-CoP 26) in 2021. We are aware that the environmental degradation is affecting the lives of people in every region. LiFE envisages a way of living which respects nature and other organisms co-exist with us, the humans for a greener and cleaner earth. 

For India, the G20 Presidency also marks the beginning of ‘Amritkaal’, the 25-year period beginning from the 75th anniversary of its independence on 15 August 2022, leading up to the centenary of its independence, towards a futuristic, prosperous, inclusive and developed society, distinguished by a human-centric approach at its core, the centre.

G20 LOGO

G20 LOGO has been designed to convey the essence and indigenous wisdom of India. It depicts the overarching vision of human existence "Vasudhaiva Kutumbakam", the World is one family. 

The G20 Logo has drawn inspiration from the vibrant colors of India’s national flag – saffron, white and green, and blue. It juxtaposes planet Earth with the lotus, India’s national flower that reflects growth amid challenges. Theme affirms the value of all life –human, animal, plant, and microorganisms – and their interconnectedness on the planet Earth and in the wider universe. • Further, the LOGO, as you can see, has G 2 with earth in place of zero on the lotus, our national flower. Under which it is written Bharath in Hindi 2023 and India in English. The inspiring quote from the ancient Sanskrit text, Maha-Upanishad, Vasudhaiva Kutumbakam - One Earth One Family One future illustrates India’s message to the world -‘The World is one family’. • The need to live together and living with others. This G20 theme underscores the need for peaceful coexistence and mutual care. This makes the countries and peoples of the world understand and realize the importance of making a better world for us and our future generations to come.

G20 Website

G20 website g20.org was recently launched by Honorable Prime Minister of India, Shri Narendra Modi and India took over the official social media handles, including the twitter handle @g20org, from the previous Presidency, Indonesia.