Indonesia on Wednesday handed over the G20 presidency to India for the next one year with the conclusion of the Bali summit. Indonesian President Joko Widodo handed over the G20 chairmanship to Prime Minister Narendra Modi. India will formally take over the presidency of the G-20 from December 1. Prime Minister Modi said that it is a matter of pride for every Indian citizen to chair the group.
“With the efforts of all countries, we can make the G20 summit a major source of global welfare,” Modi said as the two-day summit in Bali concluded with the transfer of the chairmanship. The leaders of the member countries are finalizing the joint declaration. Foreign Secretary Vinay Kwatra said India played a “constructive” role in preparing the G20 “outcome document”.
The G-20 includes Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union (EU). Are included. G20 is an influential organization of global economic cooperation. It represents about 85 percent of global GDP, more than 75 percent of global trade, and about two-thirds of the world’s population.