G20 means “Group of 20.” It comprises the group of 19 countries plus European Union which represents 2/3rd of world’s population, over 75% of global trade and these countries contribute in 85% of world’s GDP (Gross Domestic Product).
The Group of Twenty (G20) is the perfect backdrop for business cooperation on a global scale. On all significant international economic issues, it plays a significant part in forming and strengthening the global architecture and governance.
The G20 Summit will be presided over by India in 2023. India took the G20 presidency from Indonesia on December 1, 2022, and the presidency will remain in India until November 30, 2023. The presidency of the G20 rotates among the member countries.
Three countries are responsible for successfully running the G20 agenda: the past president, the current president, and the future president. The current president is India and before India it was Indonesia and after India the G20 presidency will be passed to Brazil.
Membering Countries of G20
The G20 comprises of 19 countries like, Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the UK, USA, and the European Union (EU).
G20 India 2023: Logo & Theme

The logo of G20 draws it’s inspiration from India’s national flag. Same as our tricolour, the logo of G20 also is a mixture of saffron, white, green, and blue. It juxtaposes planet Earth with the lotus, India’s national flower that reflects growth amid challenges.
The Earth reflects India’s pro-planet approach to life, one in perfect harmony with nature. Below the G20 logo is “Bharat”, written in the Devanagari script.
“Vasudhaiva Kutumbakam,” or “One Earth, One Family, One Future,” is the motto of India’s G20 Leadership. The overall message of the subject is that all life—human, animal, plant, and microorganism—is valuable and interconnected both on Earth and throughout the cosmos.
G20 Summit India Schedule 2022-23
Date | Meeting | Venue |
4th – 7th December, 2022 | 1st Sherpa meeting | Udaipur |
13th – 15th December, 2022 | 1st Finance & Central Bank Deputies Meeting | Bengaluru |
13th – 16th December, 2022 | 1st Development Working Group Meeting | Mumbai |
16th – 17th December, 2022 | 1st Framework Working Group Meeting | Bengaluru |
20th December, 2022 | 1st Joint Finance and Health Task Force Meeting | Virtual mode |
9th – 11th January, 2023 | 1st Meeting for the Global Partnership for Financial Inclusion | Kolkata |
16th – 17th January, 2023 | 1st Infrastructure Working Group Meeting | Pune |
18th – 20th January, 2023 | 1st Health Working Group Meeting | Thiruvananthapuram |
30th – 31st January, 2023 | 1st International Financial Architecture Working Group Meeting | Chandigarh |
31st January – 2nd February, 2023 | 1st Education Working Group Meeting | Chennai |
2nd – 4th February, 2023 | 1st Employment Working Group Meeting | Jodhpur |
2nd – 3rd February, 2023 | 1st Sustainable Finance Working Group Meeting | Guwahati |
5th – 7th February, 2023 | 1st Energy Transitions Working Group Meeting | Bengaluru |
7th – 9th February, 2023 | 1st Tourism Working Group Meeting | Rann of Kutch |
9th – 11th February, 2023 | 1st Environment and Climate Working Group Meeting | Bengaluru |
13th – 15th February, 2023 | 1st Agriculture Working Group Meeting | Indore |
13th – 15th February, 2023 | 1st DEWG – Seminar on Digital inclusion & Excursion | Lucknow |
22nd – 25th February, 2023 | 1st FMCBG and 2nd FCBD Meeting | Bengaluru |
23rd – 25th February, 2023 | 1st Culture Working Group Meeting | Khajuraho |
1st – 2nd March, 2023 | G20 Foreign Ministers Meeting | Delhi |
1st – 4th March, 2023 | 1st Anti-Corruption Working Group Meeting | Gurugram |
6th – 7th March, 2023 | 2nd Meeting for the Global Partnership for Financial Inclusion | Hyderabad |
15th – 17th March, 2023 | 2nd Education Working Group Meeting | Amritsar |
20th March, 2023 | 2nd Joint Finance-Health Task Force Meeting | Virtual mode |
21st – 23rd March, 2023 | 2nd Sustainable Finance Working Group Meeting | Udaipur |
24th – 25th March, 2023 | 2nd Framework Working Group Meeting | Chennai |
27th – 29th March, 2023 | 2nd Environment and Climate Working Group Meeting | Gandhinagar |
28th – 29th March, 2023 | 1st Trade & Investment Working Group Meeting | Mumbai |
29th – 31st March, 2023 | 2nd Agriculture Working Group Meeting | Visakhapatnam |
30th March – 1st April, 2023 | 1st Disaster Management Working Group Meeting | Chandigarh |
30th March – 2nd April, 2023 | 1st Disaster Management Working Group Meeting | Gandhinagar |
30th March – 2nd April, 2023 | 2nd Sherpa Meeting | Kumarakom |
30th – 31st March, 2023 | 2nd International Financial Architecture Working Group Meeting | Paris |
1st – 4th April, 2023 | 2nd Tourism Working Group Meeting | Siliguri/Darjeeling |
2nd – 4th April, 2023 | 2nd Energy Working Group Meeting | Gandhinagar |
3rd – 5th April, 2023 | 2nd Employment Working Group Meeting | Guwahati |
6th – 9th April, 2023 | 2nd Development Working Group Meeting | Kumarakom |
12th – 13th April, 2023 | 2nd Finance Ministers and Central Bank Governors Meeting | Washington DC |
17th – 19th April, 2023 | 2nd Finance Ministers and Central Bank Governors Meeting | Goa |
17th – 19th April, 2023 | 2nd Digital Economy Working Group Meeting | Hyderabad |
17th – 19th April, 2023 | Meeting of Agricultural chief Scientists | Varanasi |
24th – 27th April, 2023 | 3rd Education Working Group Meeting | Bhubaneswar |
G20 Summit Date and Venue
On September 9–10, 2023, the Pragati Maidan in New Delhi will host the 18th meeting of the G20 Leaders of State and Government. All of the G20 meetings and gatherings of ministers, senior government officials, and members of civil society organisations that took place throughout the year will culminate in the summit.
A G20 Leaders’ Declaration outlining the commitment of the Leaders to the priorities discussed and decided during the corresponding ministerial and working group meetings will be approved at the conclusion of the New Delhi Summit.
Why G20 Presidency is Important for India
During India’s G20 presidency, it has plans to host around 200 meetings. India is the G20 president, which gives it some authority and power.One of them could be India, which can invite some of the countries that are not part of the G20 group.
Inviting the countries that are not part of the G20 will promote friendship between the countries and help improve relations among the G20 countries and the countries that are invited.
This year, India has sent special invitations to countries like Bangladesh, Mauritius, Singapore, Egypt, the Netherlands, Nigeria, Oman, and Spain.
How does G20 Work
The G20 Presidency steers the G20 agenda for one year and hosts the Summit. The G20 consists of two parallel tracks: the Finance Track and the Sherpa Track. Finance Ministers and Central Bank Governors lead the Finance Track, while Sherpas lead the Sherpa Track.
Financial Track: The Financial Track is led by the Finance Ministers and Central Bank Governors of the member countries. The main focus of Financial Track is on points like:
- Financial regulatory reforms
- Tax information exchange
- Global economic growth
- Financial inclusion
- Fossil Fuel Subsidies
- Remittances across the world
- Green Finance
- Anti-terrorism Financing
Sherpa Track: Sherpa Track is coordinated by the sherpas of member countries, who are personal emissaries of the leaders. The Sherpa Track oversees inputs from 13 working groups and two initiatives. The Sherpa Track focuses on pointers like:
- Employment
- Agriculture and food security
- Anti-corruption measures
- Climate change
- Improvement in healthcare sector
- United Nations sustainable development goals
G20 History
Before the G20, there was a group called the G7 (Group of 7), which still exists. It is an informal group of 7 western countries, namely the United States, Britain, Canada, France, Germany, Italy, and Japan. Also, representatives from the European Union attend.
Earlier, Russia used to be a member of the G7, but in 2014, Russia was suspended because of its annexation of Crimea from Ukraine.
So the inspiration for G20 is G7. But the group of G7 only included developed countries or countries from the western front. These countries only understood their economies and benefits. However, we live in a globalised world, and a problem that arises in one part of the world affects the rest of the world as well.
In 1997, South East Asia experienced a financial crisis that began in Thailand but spread throughout the Asian continent. Then, in 1999, the G20 came into existence as a forum for the finance ministers and central bank governors to discuss global economic and financial issues.
What is the Purpose of G20
The G20 initially focused largely on broad macroeconomic issues, but it has since expanded its agenda to, inter alia, include trade, sustainable development, health, agriculture, energy, the environment, climate change, and anti-corruption.
Policy coordination among its members in order to achieve global economic stability and sustainable growth. To promote financial regulations that reduce risks and prevent future financial crises. To establish a new global financial architecture.
FAQs related to G20
Ans. India has the G20 Presidency for the year 2022-23.
Ans. The G20 headquaters is in Cancún, Mexico.
Ans. G20 means Group of 20.
Ans. G20 comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, UK and US) and the (EU) European Union.
Ans. The moto of G20 is “Vasudhaiva Kutumbakam,” which means, “One Earth, One Family, One Future.”