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Policy Paper
The G20, since its emergence in 1999, has played a crucial role in maneuvering the economy, envisaging a new global financial architecture, and steering clear of the roadblocks hindering economic development. Also known as a ‘multilateral economic caucus’, the G20 has served as a platform for both developed and emerging economies to engage in constructive dialogue. Having as a theme Vasudhaiva Kutumbakam or ‘One Earth— One Family—One Future’, India has assumed the leadership of the G20 at a time when the entire world is grappling with geopolitical tensions coupled with global economic slowdown. Nevertheless, India must work to ensure that the G20 can at least provide a sense of leadership for the diminution, if not resolution, of tensions and of multilateral disputes, with a focus on the Global South.
