Page 22 - NIS English January 16-31,2023

Cover Story India's G20 Presidency

FINANCE TRACK: ENGAGEMENT GROUP:
The G20 Finance Track discusses global Engagement Groups, comprised
macroeconomic issues through its meetings of of non-government participants
finance ministers and central bank governors, their from each G20 member, provide
deputies, and various working group meetings. Some recommendations to the G20
of the key issues dealt with by the Finance Track are Leaders and contribute towards the
the global economic outlook and monitoring of global policy-making process. In previous
economic risks; reforms for a more stable and resilient years, Business 20, Civil 20, Shram
global financial architecture; international taxation; 20, Parliament 20, Science 20, SAI
financing quality infrastructure; sustainable finance; 20, Think 20, Urban 20, Women 20,
financial inclusion; financial sector reforms; financing and Youth 20 were added. India has
for future health emergencies; and investments in proposed the Startup 20 group as a
pandemic prevention, preparedness, and response. partnership for economic progress and
Some of the key achievements of the Finance Track, development this time. India argues
especially in the post-pandemic phase, are the Debt that startups foster collaboration, drive
Service Suspension Initiative (DSSI), the Common innovation, and assist economies in
Framework for debt treatments beyond DSSI, the G20 meeting the Sustainable Development
Sustainable Finance Roadmap, a two-pillar solution Goals. This group will make
to tax challenges arising from the digitalization of recommendations for the removal of
the economy, G20 principles for quality infrastructure development challenges and other
investment, a proposal to create a Financial impediments, as well as for the action
Intermediary Fund (FIF) for pandemic PPR, etc. of G-20 leaders.

than conflict.
The Prime Minister also stated that India has
It will be our the fastest-growing economy at the moment. At
endeavour that there the same time, he has stated that it is critical to
should not be any work together to make India's G-20 presidency one

First World or Third of protection, harmony, and hope. Apart from that,
the agenda that India has emphasised is Data for
World in the world, Development, Mission LiFE, and Development under

but only One World. Women's Leadership, in which India has set a goal.

-Narendra Modi, A symbol of the world's faith in India
Every major forum conference around the world,
Prime Minister such as the G-20, has its own diplomatic and
geopolitical significance. However, the G-20 summit
is more than just a diplomatic gathering for India.

20 New India Samachar January 16-31, 2023