Try GOLD - Free
2023: India displayed statecraft and influence in leading G20
The Business Guardian
|January 01, 2024
In a year marked by great geopolitical unrest, India showed its statecraft by forging an ambitious roadmap to address major global challenges with the support of the G20 and by taking a steely stance to increase its strategic heft in the neighbourhood and beyond in response to China's increasingly assertive actions.
-

Induction of the 55-nation African Union as a permanent member of the G20 and managing to produce a leaders' declaration overcoming deep divisions over the Ukraine conflict were seen as major milestones of India's year-long presidency of the grouping of the world's 20 big economies in 2023.
It was for the first time that India hosted the annual G20 summit, and New Delhi pulled out all the stops in rolling out a grand welcome to the top leaders of the bloc, including US President Joe Biden, German Chancellor Olaf Scholz, French President Emmanuel Macron, and British Prime Minister Rishi Sunak. Chinese President Xi Jinping and Russia's Vladimir Putin skipped the summit.
Under its year-long G20 presidency that ended on November 30, India hosted over 200 meetings in around 60 cities across the country, focusing on a variety of issues like inclusive growth, digital innovation, climate financing, and equitable global health access, with an aim largely to benefit the Global South or developing countries.
"The 21st century is a time that has the potential to give a new direction to the entire world," Prime Minister Narendra Modi said at the G20 summit. The G20 New Delhi leaders' declaration comprised about 83 paragraphs and 87 outcomes, covering a wide range of areas for cooperation as well as possible solutions to some of the pressing global challenges, including renewable energy and climate change.
This story is from the January 01, 2024 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian

The Business Guardian
SEEDING START-UPS IN CLASSROOMS: DELHI'S BOLD NEW STEP IN EDUCATION
Delhi has introduced a groundbreaking school curriculum to nurture entrepreneurship from Class 8 onwards, preparing students to become innovators and leaders of tomorrow.
2 mins
September 25, 2025
The Business Guardian
Rs recovers 2 paise against US dollars
The rupee recovered 2 paise from its all-time closing low to settle at 88.71 (provisional) against the US dollar on Wednesday, as steep tariffs and H-1B visa related issues kept the domestic unit under pressure.
1 min
September 25, 2025

The Business Guardian
Report: Positive long-term outlook for Indian markets
Indian equity markets retain a positive long-term outlook, backed by a normal monsoon, sustained policy reforms, government capex, and the financialization of savings -- which continue to underpin India's growth trajectory, according to PL Wealth, the wealth management arm of PL Capital (Prabhudas Lilladher).
1 min
September 25, 2025

The Business Guardian
Pahang – The Heart of Malaysia Strengthens Tourism Ties with India Through Exclusive 2025 Roadshow
Tourism Pahang is set to deepen its engagement with the Indian travel industry through the highly anticipated Pahang Roadshow to India 2025, taking place on 24 September in New Delhi and 26 September in Chennai.
1 min
September 25, 2025

The Business Guardian
Youth loan growth slows to 6%
Growth in loan originations for younger consumers slowed to six per cent in the quarter ended June 2025, down from nine per cent in the same period last year, according to TransUnion CIBIL’s September 2025 Credit Market Report.
1 mins
September 25, 2025

The Business Guardian
Rahul Gandhi urges PM Modi for Comprehensive Punjab flood relief
Congress leader Rahul Gandhi on Monday again urged Prime Minister Narendra Modi to immediately announce a comprehensive relief package for Punjab following devastation caused by floods in the state.
1 mins
September 25, 2025

The Business Guardian
From textiles to trinkets: Journey through Jaipur's walled city
Jaipur, the capital of Rajasthan, is known worldwide as the Pink City for its distinct rosy-hued architecture and regal heritage.
4 mins
September 25, 2025

The Business Guardian
EC must respond to Rahul's vote theft claims: AAP
Aam Aadmi Party (AAP) Delhi President Saurabh Bharadwaj on Tuesday said that the Election Commission of India (ECI) is dutybound to respond to allegations of “vote chori” (vote theft) made by Congress leader Rahul Gandhi.
1 mins
September 25, 2025

The Business Guardian
Cabinet clears 78-day bonus for railway staff
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved payment of Productivity Linked Bonus (PLB) of 78 days for Rs 1865.68 crore to 10,91,146 railway employees, in recognition of the excellent performance by the railway staff.
2 mins
September 25, 2025

The Business Guardian
Court acquits Sirsa, 9 others in a protest at AIICC case
The Rouse Avenue court in Delhi has acquitted Delhi Minister Manjinder Singh Sirsa, Manjit Singh GK, and other accused in a 12-year-old case linked with the allegations of organising a protest outside the All India Congress Committee (AICC) against former Congress MP Sajjan Kumar.
1 min
September 25, 2025
Translate
Change font size