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New Delhi [India]Chinanews.com, May 16. Since India took over the G20 rotating presidency in December last year, it has unremittingly conveyed a message that as a leader of the multilateral platform, it will strive to open an inclusive agenda. According to the “Asia Times” report, Develop practices and create transparent processes to address shared global challenges.
More recently, the Indian Prime Minister’s Council of Economic Advisers issued an occasional paper on the challenges facing the G20 and the need to develop effective policy solutions while taking into account the concerns of the global South or emerging countries.
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For example, the paper stresses the importance of providing more help to less developed countries so they can implement resilience measures and establish generous technology-sharing standards. Notably, according to Asia Times, the study urges more global and bilateral investment in projects to “rebuild the wider” by undertaking integrated infrastructure projects to help countries in the global South overcome their post-pandemic economies question.
Since assuming the G20 chair last December, the Indian government has been working to bring a range of perspectives into G20 discussions. For example, a “Voices of the Global South Summit” was held in January to solicit input and include developing country perspectives on the G20 agenda.
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As of last month, more than 12,300 participants from more than 110 different countries have attended the G20 meeting. So far, India has organized more than 105 meetings for G20 engagement groups, ministerial meetings and facilitators’ meetings.
Many organizations in India are planning meetings, workshops, seminars and other events related to the G20. The active participation of different sectors of society in these activities reflects the increased public interest in world politics.
With the development of media and social media, even ordinary people are beginning to realize how global events affect them on a daily basis. For example, the conflict in Ukraine is now widely believed to be behind rising energy costs, according to Asia Times.
As India’s services industry becomes more integrated into the global economy, some Indian start-ups have been adversely affected by the collapse of Silicon Valley banks in the United States. The cyclical flaw in financial regulation in rich countries and its impact on developing countries is a hot topic in India.
More and more people are leaving India for business and leisure. The total number of students studying abroad will increase by 68% to 750,365 in 2022.
The effects of international conflicts are immediately felt at home due to the large presence of Indian workers, students and diaspora in other parts of the world.
Thus, the G20 agenda and calendar of events is a response to the country’s growing interest in international politics. According to the Asia Times, G20 meetings are being held across India, whether in the southern state of Kerala or the northeastern state of Arunachal Pradesh.
India is democratizing its foreign participation, which should continue after the G20 summit in September. State governments, think tanks, educational institutions, trade associations, unions and cultural organizations are just a few of the entities currently striving to have an impact on India’s international engagement.
Many state governments are actively using the G20 summit to highlight the economic potential of their places. Likewise, the third meeting of the G20 Tourism Working Group will be held in Srinagar, Jammu and Kashmir, from May 22-24.
Given the tourism potential of Jammu and Kashmir, it made the most sense to host the G20 dialogue in Srinagar. Furthermore, it shows that the security situation in the state is returning to normal after years of terrorist attacks.
According to the Asia Times, there are more examples in India of global economic engagement leading to increased employment and fruitful political outcomes.
For example, Telangana saw a dramatic increase in employment opportunities in software and related industries due to the emergence of Hyderabad as an internationally renowned software hub.
As a result, the armed communist guerrilla movement Naxalism lost some of its ideological appeal, improving the political climate in the region.
With increased international participation, Jammu and Kashmir is also expected to experience the emergence of a healthy economic environment. Thus, the G20 summit in Srinagar could be a turning point in how the public perceives global opportunities. Of course, a single international event will not bring about such a revolution, but according to the Asia Times, it can serve as one of many important points of change.
However, India faces many obstacles in crafting a pluralistic and transformative G20 agenda. India’s G20 presidency comes against a backdrop of heightened political polarization and global economic turmoil.
The Covid-19 outbreak and unrest in Ukraine have exacerbated economic difficulties in the global south. Relatively little attention has been paid to expanding aid and fulfilling obligations in the global South; instead, the protracted conflict in Ukraine and great power competition dominate the global conversation.
Ahead of the G20 summit in Delhi in September, the countries of the global south should insist that major economies issue a joint statement supporting infrastructure and climate adaptation plans through generous, transparent and fair financing mechanisms to demonstrate their commitment to a more just economic system commitment, Asia Times reported. (Arnie)
(This is an unedited and auto-generated story from a Syndicated News feed, the body of content may not have been modified or edited by LatestLY staff)
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