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The G20 Disaster Risk Reduction Working Group, under the Indian presidency, is set to hold its third and final meeting in Chennai from July 24 to 26.
This is the first time a dedicated working group on Disaster Risk Reduction (DRR) has been constituted, signifying India’s commitment to addressing global challenges posed by disasters and climate emergencies, according to a press release.
India’s position in G20
India is currently the President of the G20, a group of the world’s 20 largest economies. India assumed the presidency on December 1, 2022, and will hold it until November 30, 2023.
India’s presidency of the G20 is a significant milestone for the country. It is the first time that India has held the presidency of the G20, and it is a recognition of India’s growing economic and political importance in the world.
As the President of the G20, India will be responsible for setting the agenda for the group’s meetings and summits. India has also announced that it will focus on the following key themes during its presidency:
Sustainable development: India will promote sustainable development and climate action through the G20.
Financial stability: India will work to promote financial stability and prevent future financial crises.
Global trade: India will promote a free and open global trading system.
Digital economy: India will promote the development of the digital economy and the use of technology for social and economic development.
India’s presidency of the G20 is an opportunity for the country to showcase its leadership on global economic issues. It is also an opportunity for India to work with other G20 countries to address some of the world’s most pressing challenges, such as climate change and financial instability.
Here are some of the reasons why India is important to the G20:
- India is the world’s second-most populous country and the fastest-growing major economy.
- India is a rising power in the global economy and is increasingly playing a leading role in international affairs.
- India is a strong advocate for multilateralism and free trade.
- India has a strong track record of economic reform and development.
India’s membership in the G20 gives the country a platform to shape global economic policy and to promote its interests on the world stage. The G20 is also an important forum for India to build relationships with other major economies and to collaborate on common challenges.
