5 Key Focus Areas For India During G20 Presidency
New Delhi: The G20 summit is scheduled to be held in New Delhi in September this year. After India took over the presidency of the G20 (Group of Twenty), various meetings and events are being held in various cities. India has set several goals and objectives for its G20 presidency. Key focus areas are digital transformation, climate finance, Sustainable Development Goals (SDGs) and food security.
Climate finance is one of India’s agenda items at the G20. India will try to promote faster disbursement of climate finance and urge developed countries to raise the climate finance threshold to $100 billion per year. Work with other G20 countries to promote zero and low emission power generation, including renewable energy.
G20 cooperation to improve food security and millets
India will use its G20 leadership to ensure that the supply chain of fertilizer and food grains remains stable and robust after the disruption in the global food supply chain due to the pandemic and the Russia-Ukraine crisis. Uninterrupted supply of fertilizers will also be prioritized. A number of events will be held to celebrate International Millet Day and promote traditional and nutritious food grains.
Accelerating the Sustainable Development Goals (SDGs)
The SDGs are part of India’s development agenda and it will try to promote progress on the SDGs during the G20. The 17 Global Goals include zero hunger quality education, clean water and sanitation, gender equality, decent work and economic growth, climate action and life below water.
Democratizing global financial governance
India highlights that organizations like the World Bank and the IMF should give more representation to developing and emerging countries. Under India’s G20 presidency, fast track reforms of global governance institutions will be key focus areas.
Controlling the digital divide
India’s G20 presidency will aim to promote digital transformation, including digital economy, digital education, digital health, digital government and digital finance. India will work to bridge the digital divide and ensure access to digital technology for all.