LoAssociation of Major Economic Powers, G-20 Summit. When it started in 2008 under the leadership of George W. Bush, Dr. Manmohan Singh was the Prime Minister at that time, so was Finance Minister P. Chidambaram.
The G-20 summit of 19 leading developed and developing countries and the European Union begins in Washington at a time when Germany is sinking into a severe economic recession. The first G-20 summit was held on 14 and 15 November 2008.
This is also the time when the European Commission announced that the whole of Europe is on the brink of recession. The first G-20 summit was also to discuss solutions to the economic crisis gripping the world.
“Progressing free market policies is the way for the growth and stability of the global economy. Free market capitalism is the driving force behind prosperity and progress around the world’ At the first G-20 summit, then-US This is what President George W. Bush said. It was also very remarkable that Bush’s speech was in the middle of the disagreements between the European Union and the United States regarding the financial crisis.
India’s then finance minister P. Chidambaram said. When he came to participate in the summit, he said in a television interview that the United States and Europe should bring order to their own economies.
After 14 long years, India is taking the presidency of the G-20 group. Indian Prime Minister Narendra Modi took over the G-20 chairmanship from Indonesia at the summit held in Bali, Indonesia. After taking the title, the Prime Minister said that ‘Indians are proud’.
He had already explained that ‘Data for Development’ would be one of the main themes of the consortium chaired by India. India will hold the G-20 presidency for one year from December 1.
Previous G-20 Summit held – (Date, Country, Chair Leaders played
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United States, European Union. There are 27 countries in the European Union.
In Kochi, Ladakh, Jammu and Kashmir…?
Discussions are already underway on where the G-20 summit will be held when it arrives in India. In Kerala, places like Kochi, Jammu Kashmir, Ladakh and Gujarat were considered.
There was information that Kochi was being considered for the ministerial meeting of the summit. A team of central officials had also reached Kochi to evaluate the venue and related facilities. Meanwhile, Pakistan has lodged an objection to Jammu and Kashmir as the venue of the G-20 summit. Sources in Pakistan’s foreign ministry said that member states of the G-20 will be protested against the summit.
The world is also looking forward to the diplomatic negotiations with China, where there is a dispute on the border, because the Prime Minister of the UK said this after assuming the office of President.
Chinese President Xi Jinping and Narendra Modi met face to face at a dinner in Bali. A film of the two shaking hands and having a conversation was also released. But it is also worth noting that although Modi held talks with the leaders of many countries, he did not take any diplomatic talks with the Chinese President.