G20 Summit 2023: Key Highlights Of G20 Summit As India Hands Over Presidency To Brazil

The upcoming G20 Summit is likely to address several global level issues with its theme of “Vasudhaiva Kutumbakam: One Earth, One Family, One Future”. The event is set to take place on September 9 and 10 in New Delhi, and will mark the end of India’s year-long presidency of the international forum. According to a recent statement from the White House, the partners will address economic, geopolitical, and climate issues at the summit.

As the host, India will put forward the issue of sustainability to promote environment-friendly practices. LiFE, a global movement led by India, will be a part of the discussion. The mission aims to mobilise at least one billion Indians and other global citizens to take individual and collective action to protect and conserve the environment in the period between 2022 and 2028. Read more

The 18^th G20 Summit is being held at the state-of-the-art Bharat Mandapam Convention Centre in New Delhi on September 9 and 10. A Leaders Declaration will be adopted at the conclusion of the New Delhi Summit.

The Quad, comprising India, US, Japan and Australia, has been focusing on practical cooperation to ensure a free and open Indo-Pacific in the backdrop of China's increasing military muscle-flexing in the region.

The New Delhi Leaders’ Declaration of G20 is almost ready and will be presented before the grouping’s leaders to secure a consensus, India’s sherpa Amitabh Kant said.

The world's 20 major countries formed an economic grouping after the Asian financial crisis in 1999 on the understanding that crises spilling across borders needed better international economic co-operation to tackle them, Reuters reported.

The bloc accounts for 80% of global gross domestic product (GDP) and 75% of international trade.

It includes Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United States and the European Union.

Although only treasury chiefs met in initial years, the heads of all member nations decided to meet once a year for a summit after the 2008 financial crisis.

The G20 is discussing a plan for the African Union to join.

The introductory handshake shared by all leaders with Prime Minister Modi will feature the Konark Wheel originating from Odisha. Constructed during the 13th century under the rule of King Narasimhadeva-I, this wheel boasts 24 spokes and has also been incorporated into India's national flag, representing India's rich historical knowledge, sophisticated civilization, and architectural prowess.

Bangladesh's Prime Minister, Sheikh Hasina, has just arrived at Bharat Mandapam, which is the designated location for the G20 Summit being held in Delhi's Pragati Maidan.

Dr. Tedros Adhanom, the Director-General of the World Health Organization (WHO), has arrived at Bharat Mandapam, the chosen location for the G20 Summit in Delhi's Pragati Maidan.

The Prime Minister of the Netherlands, Mark Rutte, and the President of Nigeria, Bola Ahmed Tinubu, have both arrived at Bharat Mandapam, the location of the G20 Summit taking place in Pragati Maidan, Delhi.

Singapore's Prime Minister Lee Hsien Loong and Spain's Vice-President Nadia Calvino have both reached Bharat Mandapam, the designated location for the G20 Summit being held at Pragati Maidan in Delhi, India.

Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, who serves as both the Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, has arrived in Delhi to attend the G-20 Summit.

Canadian Prime Minister Justin Trudeau and President of Argentina, Alberto Fernandez, have both arrived at Bharat Mandapam, the designated venue for the G20 Summit in Pragati Maidan, Delhi.

Cyril Ramaphosa, the President of South Africa, has arrived at Bharat Mandapam, the designated venue for the G20 Summit in Pragati Maidan, Delhi.

Rishi Sunak reaches Bharat Mandapam, the location for the G20 Summit in Pragati Maidan, Delhi, India.

Russian Foreign Minister Sergey Lavrov arrives at Bharat Mandapam, the venue for G 20 Summit in Delhi's Pragati Maidan. The Russian Foreign Minister will represent Russian President Vladimir Putin at the summit.

Indonesian President Joko Widodo has made his arrival at Bharat Mandapam, which serves as the location for the G20 Summit hosted in Pragati Maidan, Delhi.

Li Qiang, the Premier of the People's Republic of China, has arrived at Bharat Mandapam, the designated location for the G20 Summit in Pragati Maidan, Delhi.

US President Joe Biden arrived at Bharat Mandapam, the venue for G 20 Summit in Delhi's Pragati Maidan.

The Crown Prince of Saudi Arabia, Muhammed Bin Salman, has reached Bharat Mandapam, which serves as the location for the G20 Summit taking place at Pragati Maidan in Delhi.

PM Modi Delivers Inaugural Address, starts with condolence for lives lost in Morocco earthquake, says India is with Morocco.

The Prime Minister said that the world needs to address and face several challenges such as North-South divide, global economic headwinds, and terrorism, among others.

As world leaders begin deliberations at the summit being held in New Delhi, there is still suspense over whether there would be a joint communique. The Prime Minister in his inaugural address said that the world needs to overcome the trust deficit.

Earlier in the day, Chief Coordinator for India's G20 presidency Harsh Vardhan Shringla, in an interview to CNBC TV18, said "Nothing is over till it's over" when he was asked about the joint communique

It is still not clear whether there would be a consensus over the statement as contentious issues such as Russian invasion of Ukraine divides the G20 leaders.

During the G20 Summit hosted by India, Prime Minister Modi delivered a keynote address, highlighting the significance of the 21st century in finding innovative solutions to long-standing challenges. He emphasized the need for a people-centered approach to address global issues and bridge the trust gaps stemming from conflicts worldwide.

As the president of the G20, India called upon the international community to convert the prevailing global trust deficit into trust and reliance, promoting unity and cooperation among nations. PM Modi invoked the mantra "Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas" (together with all, development for all, trust of all, efforts of all) as a guiding principle for collective progress.

Recognizing the pressing global issues that demand collaborative solutions, Prime Minister Modi addressed regional disparities, effective management of food and fuel resources, counter-terrorism measures, cybersecurity, healthcare, energy security, and water security.

Furthermore, PM Modi expressed his condolences for the recent earthquake in Morocco and extended India's support and assistance to the affected nation, demonstrating India's commitment to standing together in times of crisis.

Currently, at the G20 Summit in New Delhi, global leaders are engaged in discussions regarding strategies to tackle the challenges presented by climate change. Developing nations argue that wealthier countries, considering their significant historical emissions, should bear greater responsibility for reducing emissions. They should also provide the necessary resources, including financial assistance and technology, to aid developing and vulnerable nations in transitioning to clean energy and adapting to climate change.

In anticipation of the summit, a groundbreaking assessment by the United Nations has revealed that countries are largely falling short of meeting their emission reduction commitments. This failure puts the planet on a dangerous trajectory towards catastrophic global warming. The report, which was released on Friday, emphasizes that governments must swiftly identify ways to reduce billions of tons of carbon dioxide if they wish to prevent global warming from exceeding 1.5 degrees Celsius by the end of the decade.

Bloomberg reported citing sources that diplomats have agreed upon the wording for Russia-Ukraine war in joint communique.

The final wording still needs to be approved by the leaders. However, the report said that it is likely that it will be approved.

According to Bloomberg, the wording is similar to the one agreed at the last summit in Bali, Indonesia.

European Union President Ursula von der Leyen said at the first session of G20 that the European bloc will invest at least 4 billion euros in renewable energy and hydrogen in developing economies.

She also thanked Prime Minister Modi for his leadership and extended best wishes to Brazil President Lula da Silva for country's upcoming presidency of the bloc.

In her statement, she also urged Russia to allow grain from Ukraine to reach global markets. "Food security is victim of Russia's aggression," her statement said.

PM Narendra Modi said, " I have received good news. Due to the hard work of our team, consensus has been built on New Delhi G20 Leaders' Summit Declaration. My proposal is to adopt this leadership declaration. I announce to adopt this declaration. On this occasion, I congratulate my Sherpa, ministers, who worked hard for it and made it possible."

The G20 has contributed to make India world ready and India world ready, said External Affairs Minister S Jaishankar

Prime Minister Modi informed earlier that a consensus has been reached over New Delhi Declaration, read here

G20 leaders reached Rajghat, where they were received by Prime Minister Narendra Modi, to pay homage to Mahatma Gandhi

As we enter the final day of G20 summit, here are the highlights of day 1:

• African Union joined G20 as a permanent member

• G20 leaders were able to reach consensus on New Delhi Leaders' Declaration. Read here

• PM Modi launched Global Biofuels Alliance

• India, US, Saudi Arabia and EU announced a mega deal to develop an economic corridor

After paying homage to Mahatma Gandhi, G20 leaders will head to Bharat Mandapam where they will participate in the final session of the G20 summit, titled 'One Future'. The theme of India's G20 presidency was 'One Earth. One Family. One Future'.