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G20 Summit 2023 Schedule: Date, Venue, Theme, Logo, Member Countries, Purpose, History & Latest News

India is all set to host the G20 Summit. Here's every detail about G20 Summit schedule, venue, Member Countries, History & other latest updates.

Last updated: 2023/03/07 at 10:38 AM
Preeti
11 Min Read
G20 Summit 2023
G20 Summit 2023
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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

G20 Theme and Logo
G20 India 2023 Theme and Logo

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 MeetingVenue
4th – 7th December, 20221st Sherpa meetingUdaipur
13th – 15th December, 20221st Finance & Central Bank Deputies MeetingBengaluru
13th – 16th December, 20221st Development Working Group MeetingMumbai
16th – 17th December, 20221st Framework Working Group MeetingBengaluru
20th December, 20221st Joint Finance and Health Task Force MeetingVirtual mode
9th – 11th January, 20231st Meeting for the Global Partnership for Financial InclusionKolkata
16th – 17th January, 20231st Infrastructure Working Group MeetingPune
18th – 20th January, 20231st Health Working Group MeetingThiruvananthapuram
30th – 31st January, 20231st International Financial Architecture Working Group MeetingChandigarh
31st January – 2nd February, 20231st Education Working Group MeetingChennai
2nd – 4th February, 20231st Employment Working Group MeetingJodhpur
2nd – 3rd February, 20231st Sustainable Finance Working Group MeetingGuwahati
5th – 7th February, 20231st Energy Transitions Working Group MeetingBengaluru
7th – 9th February, 2023
1st Tourism Working Group Meeting
Rann of Kutch
9th – 11th February, 20231st Environment and Climate Working Group MeetingBengaluru
13th – 15th February, 20231st Agriculture Working Group MeetingIndore
13th – 15th February, 20231st DEWG – Seminar on Digital inclusion & ExcursionLucknow
22nd – 25th February, 20231st FMCBG and 2nd FCBD MeetingBengaluru
23rd – 25th February, 20231st Culture Working Group MeetingKhajuraho
1st – 2nd March, 2023G20 Foreign Ministers MeetingDelhi
1st – 4th March, 20231st Anti-Corruption Working Group MeetingGurugram
6th – 7th March, 20232nd Meeting for the Global Partnership for Financial InclusionHyderabad
15th – 17th March, 20232nd Education Working Group MeetingAmritsar
20th March, 20232nd Joint Finance-Health Task Force MeetingVirtual mode
21st – 23rd March, 20232nd Sustainable Finance Working Group MeetingUdaipur
24th – 25th March, 20232nd Framework Working Group MeetingChennai
27th – 29th March, 20232nd Environment and Climate Working Group MeetingGandhinagar
28th – 29th March, 20231st Trade & Investment Working Group MeetingMumbai
29th – 31st March, 20232nd Agriculture Working Group MeetingVisakhapatnam
30th March – 1st April, 20231st Disaster Management Working Group MeetingChandigarh
30th March – 2nd April, 20231st Disaster Management Working Group MeetingGandhinagar
30th March – 2nd April, 20232nd Sherpa MeetingKumarakom
30th – 31st March, 20232nd International Financial Architecture Working Group MeetingParis
1st – 4th April, 20232nd Tourism Working Group MeetingSiliguri/Darjeeling
2nd – 4th April, 20232nd Energy Working Group MeetingGandhinagar
3rd – 5th April, 20232nd Employment Working Group MeetingGuwahati
6th – 9th April, 20232nd Development Working Group MeetingKumarakom
12th – 13th April, 20232nd Finance Ministers and Central Bank Governors MeetingWashington DC
17th – 19th April, 20232nd Finance Ministers and Central Bank Governors MeetingGoa
17th – 19th April, 20232nd Digital Economy Working Group MeetingHyderabad
17th – 19th April, 2023Meeting of Agricultural chief ScientistsVaranasi
24th – 27th April, 20233rd Education Working Group MeetingBhubaneswar
G20 Summit India Schedule 2022-23

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

Q. Which country have the G20 Presidency for the year 2022-23?

Ans. India has the G20 Presidency for the year 2022-23.

Q. Where is G20 Headqauters?

Ans. The G20 headquaters is in Cancún, Mexico.

Q. What is the full form of G20?

Ans. G20 means Group of 20.

Q. Who all are part of G20?

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.

Q. What is the moto of G20?

Ans. The moto of G20 is “Vasudhaiva Kutumbakam,” which means, “One Earth, One Family, One Future.”

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