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PM Narendra Modi takes over G20 Presidency from Indonesia

 

PM Narendra Modi takes over G20 Presidency from Indonesia

Prime Minister Narendra Modi was handed over the presidency of G20 by Indonesian President Joko Widodo amid a round of applause, as the two-day bloc leaders’ summit in Bali came to a close on Wednesday.

The Group of 20 major economies adopted a joint declaration and produced other partnerships, Widodo said in his closing comments. Later, he handed over the gavel of the presidency to PM Modi. India will officially assume the presidency on December 1.

PM Modi said India taking over the G20 presidency is a matter of pride for every citizen of the country. “Together with every country’s efforts, we can make the G20 summit a catalyst for global welfare,” he said.

Foreign Secretary Vinay Kwatra said India has contributed ‘constructively’ to the drafting of the G20 outcome document.

The G20 comprises 19 countries — Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the USA and the European Union (EU). Together, they account for over 80 percent of the global GDP, 75 percent of international trade, and two-thirds of the world population.

Chinese President Xi Jinping, US President Joe Biden, UK Prime Minister Rishi Sunak, and French President Emmanuel Macron among others attended the three-day summit.

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