The roads of the national capital are adorned with plants, lights, and billboards, and the traffic movement around the city’s heart Connaught Place and posh South Delhi has slowed, Shivlings are installed in the form of fountains and every single lane has now become spick and span, the city is illuminating–Thanks to the G20 Summit 2023. For the first time in history, India has become the host the the Group of 20 Nations (popularly known as G20). Apart from India, the G20 group comprises–Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US and the European Union (EU). The preparations of the G20 Summit are going with full dedication wherein both the Centre and the Aam Aadmi Party (AAP) governments have taken the credit for the beautification of Delhi.

So, what is G20, and why it is important?

The Group of Twenty (G20) is the premier forum for international economic cooperation. It plays an important role in shaping and strengthening global architecture and governance on all major international economic issues

When was G20 founded?

The G20 was founded in 1999 after the Asian financial crisis as a forum for Finance Ministers and Central Bank Governors to discuss global economic and financial issues.

Who are G20 members?

The Group of Twenty (G20) comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom and United States) and the European Union. The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population