<h5>What is the G20?</h5><p>The Group of Twenty (G20) is an organisation that meets to discuss and collaborate on important global economic concerns. Currently, there are 19 member countries, the European Union (EU) and the African Union (AU).</p><p>India was the <a target="_blank" rel="noopener noreferrer" href="https://www.newsahoot.com/articles/india-takes-over-g20-presidency">G20 president</a> for the year 2023. Every year, the G20 summit also takes place. This year’s summit was held in New Delhi from 9th to 10th September 2023.</p><p>"Vasudhaiva Kutumbakam," or "One Earth, One Family, One Future," was the theme of India's G20 presidency. The summit took place at the International Exhibition-cum-Convention Centre (IECC) complex, also called Bharat Mandapam. It is located in Pragati Maidan, New Delhi. It was inaugurated on 26th July 2023.</p><div class="raw-html-embed"><figure> <video width="100%" controls=""> <source src="https://firebasestorage.googleapis.com/v0/b/newsahoot.appspot.com/o/g20-summit-2023-held-in-delhi%2FG20%20meet.mp4?alt=media&amp;token=7f395839-87c7-46f5-a61d-f3580367d3b2" type="video/mp4"> </video> <figcaption>A highlight of the G20 Summit. Video by G20 India.</figcaption> </figure></div><h5>What are some key takeaways from the G20 summit 2023?</h5><figure class="image"><img src="https://firebasestorage.googleapis.com/v0/b/newsahoot.appspot.com/o/g20-summit-2023-held-in-delhi%2FG20%20AU.jpg?alt=media&amp;token=9d889632-bee7-4b4b-94b4-902b7dab05e6"><figcaption>PM Modi and the Chairperson of the African Union, Azali Assoumani, after AU was announced as a permanent member. Photo by G20 India.</figcaption></figure><p>Various essential discussions were held at the summit, and decisions were taken. Some of the key takeaways are:</p><ul><li>The AU was added as a new permanent member. This was done to make the G20 more representative.</li><li>PM Modi, along with the leaders of Singapore, Bangladesh, Italy, the USA, Brazil, Argentina, Mauritius, and the United Arab Emirates (UAE), established the Global Biofuel Alliance (GBA) during the summit. The GBA aims to accelerate global biofuel adoption by promoting technological developments, increasing the use of sustainable biofuels, etc.</li><li>Leaders from the USA, India, and Saudi Arabia, among others, revealed plans to establish rail and shipping corridors between the Middle East, South Asia, and Europe. The corridors would help improve trade, energy delivery, and internet communication.</li><li>The G20 leaders also plan to triple global renewable energy capacity by 2030. They will continue phasing out the use of coal. However, they stopped short of adopting major climate commitments. They did not make any changes to existing policies that will help meet the targets set for renewable energy.</li><li>The New Delhi Leaders’ Declaration was also adopted at the summit.</li></ul><h5>What is the New Delhi Leaders’ Declaration?</h5><p>The declaration promotes balanced and inclusive growth. It also mentions that all governments must not threaten or use force to seek territorial acquisition against another state. The declaration recognises terrorism as one of the most severe threats to international peace and security.</p><p>It also highlights the importance of protecting the disadvantaged by promoting fair growth and improving financial stability. The declaration mentions that the G20 member countries want to promote unrestricted and fair trade in agriculture, food, and fertilisers. They will also avoid imposing export restrictions.</p><p>The G20 countries have also agreed to build the global health infrastructure. Countries shall collaborate with development banks to strengthen health systems. These are some points mentioned in the New Delhi Leaders’ Declaration.</p><figure class="image"><img src="https://firebasestorage.googleapis.com/v0/b/newsahoot.appspot.com/o/g20-summit-2023-held-in-delhi%2FIndia%20Brazil.jpg?alt=media&amp;token=e1922cdf-314d-429f-abe3-bff54f7c25cf"><figcaption>India hands over the G20 presidency to Brazil. Photo by Narendra Modi.</figcaption></figure><p>The summit ended with India handing over the presidency to Brazil. Brazil will officially assume the presidency on 1st December 2023.<br>&nbsp;</p>

The summit was held on the 9th and 10th of September 2023.

G20 Summit 2023 Held in Delhi

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G20 Summit 2023 Held in Delhi

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