G20 Summit 2023 Delhi Declaration is the 18th meeting of the G20 group in India which is chaired by the summit. You should know that this meeting has a special place in the countries of the Southeast because the leaders of this organization work for economic and strategic development. Various countries like China, Argentina, India, Turkey and others are part of the Group of Twenty (G20). In which the presidency of the G20 summit has been assigned to India on December 1, 2022. The countries will meet at Pragati Maidan on September 9 and 10, 2023, as per the schedule of the G20 Summit 2023, which was recently inaugurated by PM Modi.
You should know that the agenda of these meetings was also decided regarding the G20 Summit 2023 to be held in Kashmir. You can watch the G20 Summit 2023 results live on YouTube news channels or other apps. We have already mentioned the G20 Summit 2023 venue details, according to which the meeting will be held at the India Pavilion of the International Exhibition-Convention Center (IECC), formerly known as Pragati Maidan.
The Objective of G20 Summit
The primary objective of the G20 summit is to act as a platform for leaders of the world’s major economies to come together and discuss important global economic and financial issues. The G20 summit aims to achieve several key objectives:
- Economic Coordination: The G20 brings together leaders from different economies to discuss and coordinate policies that promote global economic stability and sustainable growth. It includes discussions on fiscal and monetary policies, trade, investment and financial regulation.
- Financial Stability: A central goal of the G20 is to address financial crises and enhance the stability of the global financial system. Leaders discuss measures to prevent and mitigate financial crises, as well as reforms to strengthen the international financial architecture.
- Global Challenges: The G20 provides a forum for leaders to address pressing global challenges beyond the economy, such as climate change, sustainable development, poverty reduction and health crises. It promotes collaboration on these issues to find collective solutions.
- Trade and Commerce: G20 leaders discuss international trade issues with the aim of promoting open and fair trade practices. They work to reduce trade barriers, oppose protectionism, and support a rules-based international trading system.
- Development: The G20 focuses on development issues including infrastructure development, food security and poverty reduction in developing countries. It seeks to enhance cooperation and coordination to support sustainable development.
- Global Governance: The G20 summit helps improve global governance by promoting dialogue among leaders. Encouraging cooperation between governments and international organizations.
G20 Summit 2023 Outcome
- First, the African Union (AU) Joined the G20 Organization and became a member this year.
- Second, the New Delhi Leaders Declaration has been signed by the country heads. As per this Inclusive Growth will be emphasised.
- Third, the India-Middle East-Europe-USA Corridor has been proposed and passed by the leaders of these countries.
- Fourth, the Global Biofuel Alliance has been created by the member countries which will emphasise the maximum use of Biofuel.
G20 Summit 2023 – Delhi Declaration
| Event | G20 Summit 2023 |
| President Country | India |
| Host Country | India |
| Chaired by | PM Narendra Modi |
| Participants | All G20 Countries |
| G20 Summit Theme | Vasudhaiva Kutumbakam (one Earth, One Family, One Future) |
| G20 Summit 2023 Venue | Bharat Mandapam (IECC), Pragati Maidan, New Delhi, India |
| G20 Summit 2023 Date | 9th & 10th September 2023 |
| Countries Participating | Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, South Korea, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United States and European Union |
| G20 Summit 2023 Agenda | Global Economy, Cryptocurrency and other similar issues |
| G20 Portal | g20.org |
G20 Summit 2023 Countries (List Of Guests)
| G20 Summit 2023 Countries | Name of the Head | Position |
| Argentina | Alberto Fernandez | President of Argentina |
| Australia | Anthony Albanese | Prime Minister of Australia |
| Brazil | Luiz Inacio | President of Brazil |
| Canada | Justin Trudeau | Prime Minister Of Canada |
| China | Li Chiang | Prime Minister of China |
| France | Emmanuel Macron | President of France |
| Germany | Olaf Scholz | Chancellor of Germany |
| India | Narendra Modi | Prime Minister Of India – Host |
| Indonesia | Joko Widodo | President of the Republic of Indonesia |
| Italy | Giorgia Meloni | Prime Minister of Italy |
| Japan | Fumio Kishida | Prime Minister of Japan |
| Mexico | Andres Manuel | President of Mexico |
| South Korea | Yoon Suk Yeol | President of South Korea |
| Russia | Sergey Lavrov | Minister of Foreign Affairs of the Russian Federation |
| Saudi Arabia | Muhammed Bin Salman | Crown Prince of Saudi Arabia |
| South Africa | Cyril Ramaphosa | President of South Africa |
| Turkey | RC Erdogan | President of Turkey |
| United Kingdom | Rishi Sunak | Prime Minister of United Kingdom |
| United States | Joe Biden | Prime Minister of the United Kingdom |
| European Union | President Of the United States Of America | President of the European Council |
Conclusion:
In short, the G20 summit serves as a forum for the leaders of the world’s major economies to address. A wide range of global challenges with a primary focus on economic stability, financial resilience and sustainable development. It plays an important role in shaping international policies and promoting cooperation among nations.
