G20 GATHERING IN INDIA: KEY OUTCOMES AND IMPACT OF THE SUMMIT

India’s first G-20 summit was held in Delhi from 9 – 10 September, 2023 and the Delhi declaration was announced at the end of the leadership summit.

- Chitrika Grover

It univocally voiced a consensus on the common goal for the future and the challenges that they face. The document includes the pledge made by G-20 leaders, gives recommendations and highlights the key areas that were discussed throughout the yearlong G20 meetings. The central idea of the document is ‘Vasudhaiva Kutumbakam’, i.e., One Earth, One Family, and the mission LIFE, that has emphasized on bringing a human-centric energy transition that focuses on People, Planet, and Prosperity.

At the G20 leadership summit, member countries collectively represent 85% of the global GDP, hold 75% of the global trade and about two-thirds of the global population. The outcome vision document of India places the spotlight on building, a strong, sustainable, balanced inclusive future, accelerating progress on SDG (sustainable development goals), green development pact, the role of multilateral institutions, technology transfer digital payment infrastructure, gender equality, and theme on the financial sector.

The summit overcame the geopolitical differences and set the future trajectory for the participating leaders, through the joint statement delivered at the end of the summit in which the members forged a consensus on the language of the contentious Ukraine issue, by reaffirming that G20 is not the platform to resolve geopolitical issues. The declaration received the consensus of all the members as it was delivered without any footnote by the chair, which means that India was able to bring everybody to the same table.

Some key areas touched upon by India include:

Energy Transition and Security