Buenos Aires: Prime Minister Narendra Modi has announced that India will host the annual G-20 summit in 2022, coinciding with the country’s 75th anniversary of Independence.
Modi made the announcement at the closing ceremony of the two-day G-20 Summit here Saturday. He thanked Italy for allowing India to play the host. Italy was to host the international forum in 2022. ‘In 2022 India completes 75 years since Independence. In that special year, India looks forward to welcoming the world to the G-20 Summit! Come to India, the world’s fastest growing large economy! Know India’s rich history and diversity, and experience the warm Indian hospitality,’ Modi tweeted after making the announcement.
The G-20 is a grouping of the world’s 20 major economies. G-20 members comprise Argentina, Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the UK and the US.
“Playing hosts in 2022! At the concluding session of #G20Argentina, PM @narendramodi announced that coinciding with our 75th anniversary of independence, India will host the #G20Summit in 2022,” External Affairs Ministry spokesman Raveesh Kumar tweeted.
Collectively, the G-20 economies account for nearly 90 per cent of the gross world product, 80 per cent of world trade, two-thirds of the world population, and approximately half of the world land area. Spain is a permanent guest invitee.
Meanwhile, G20 leaders have found the minimum common ground on the global economy at a summit in Buenos Aires with a closing communique that left divisions on clear display. The statement offered virtually no concrete promises and, under pressure from US President Donald Trump, avoided language on fighting protectionism and acknowledged Washington’s disagreement on battling climate change.
Here are key points from the communique by the Group of 20, which accounts for more than four-fifths of the global economy, after the two-day summit: – Climate change – G20 signatories to the Paris Agreement on climate — which is all of them except the US — pledged the “full implementation” of the pact, which they called irreversible.
They also took note, without further pledges, of UN scientists’ call for a more ambitious target of reducing warming to 1.5 degrees Celsius above pre-industrial levels. But the US reiterated its withdrawal from the agreement, “and affirms its strong commitment to economic growth and energy access and security”.