G20 Economies

Delegates participating in the ongoing G20 Employment Working Group meeting here participated in a heritage walk here visiting the streets and architectural marvels of the city. The heritage walk started from Ghantaghar and passed through Toorji ka Jhalra -- a stepwell made in 1740. The three-day meeting of the G20 Employment Working Group began Thursday. Delegates from 19 nations, the European Union, nine guest countries and as many regional and international organisations will take part in the meeting The G20 is an intergovernmental forum of the world's major developed and developing economies. A premier forum for international economic cooperation, it comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US, and the European Union.

'This is a unique forum of both the developed world and emerging economies. We need to build new approaches that benefit them both'

G20 currently comprises 19 countries cutting across continents and the European Union, representing around 85% of the world's GDP

As the country prepares to host the summit of twenty nations next year in September 2023, it also has to tackle rising concerns of climate change and calls for the expansion of the group from other co

India will formally assume the G20 presidency starting Thursday, thereby beginning a unique opportunity for the country to contribute to the global agenda

Summit leaders deplore deplored Russia's war in Ukraine 'in the strongest terms'

Ahead of the G-20 summit in Indonesia, a WTO report on Monday said that the G20 countries introduced export restrictions at an increased pace during mid-May and mid-October 2022 in the back of global economic uncertainties. G20, a grouping of developed and developing nations, members include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Japan, Russia, the UK, the US, among others. It said that as of mid-October 2022, WTO (World Trade Organisation) members still had in place 52 export restrictions on food, feed and fertilizers, in addition to 27 export restrictions on products essential to combat COVID-19. Of these, it said 44 per cent of the export restrictions on food, feed and fertilizers, and 63 per cent of the pandemic-related export restrictions, were maintained by G20 economies. "In a context of economic uncertainty exacerbated by the COVID-19 pandemic, the war in Ukraine and the food security crisis, G20 economies between mid-May and mid-October 2022 .

In last month's WEO, IMF cut its forecast for global growth next year to 2.7%, from 2.9% seen in July and 3.8% in Jan, adding that it sees a 25% probability that growth will slow to less than 2%

Open-source Aadhaar and UPI will be two top digital public goods offered; govt trying to take QR-based authentication and payment services global following success of DBT, payment digitisation

India prepares to take over the G20 presidency

Modi unveils logo, theme, website of India's upcoming G20 presidency

'We will try and build India's narrative around digital transformation', said Kant

India will assume the presidency of the G20 on December 1

Thrust on developing the tourism industry will help India achieve the $5 trillion economy target faster

Officials say that the issue climate resilient urban infrastructure is key for developing and developed economies

As the pandemic battered global economies, the Group of 20 leading economies launched measures, including a temporary debt service suspension for poor countries to provide breathing room

The previous goal had eyed vaccinating 70 per cent of the world's population by the autumn of 2022

Finance Minister Nirmala Sitharaman will attend the G-20 joint Finance and Health Ministers meeting in Rome on October 29, which among other things will discuss COVID pandemic prevention and response. Union Finance Minister Smt. @nsitharaman embarks on an official visit to attend #G20 Joint Finance & Health Ministers meeting in #Rome to discuss measures to strengthen #COVID19 #PandemicPrevention, #preparedness & #response. The meeting precedes #G20RomeSummit, the Finance Ministry tweeted. Finance and health ministers will discuss how to keep momentum on response to pandemic and build on further coordination arrangements between health and finance ministries. On October 29, G20 Finance and Health Ministers will gather in Rome for their first joint meeting under the Italian G20 Presidency. The meeting will be co-chaired by Daniele Franco, Italian Minister of Economy and Finance and Roberto Speranza, Italian Minister of Health. The meeting will be held on the eve of the G20 ...

The G20 Debt Service Suspension Initiative (DSSI) has already helped countries defer some $5.7 billion in payments through the end of 2020

For 2021 year, Moody's has projected Indian economy to grow 6.9 per cent