India’s rising economic and political power has positioned it as a key player in the global arena. As the host of the G20 summit in 2023, India will have an opportunity to showcase its leadership on the world stage. This summit will bring together leaders from the world’s 20 largest economies to discuss global economic issues and seek solutions to global challenges.
And there is much to concern the world and PM Narendra Modi; Russian attacks on Ukraine, American policy, Chinese aggression, multi-polar diplomacy, global supply chain issues, emerging market concerns over energy as these government, scientists and economist meet in a series of grand meetings.
What economic policies does India hope to achieve at G20 in 2023?
One of India's key goals is to promote greater international cooperation on trade and investment. The country is keen to strengthen ties with other nations and promote open, fair, and transparent trade policies that benefit all parties. India also hopes to encourage other countries to invest in its domestic economy, particularly in areas such as infrastructure, manufacturing, and technology.
Another major focus for India is enhancing financial stability and resilience. The country is keen to promote greater financial cooperation and coordination between G20 nations, with a particular emphasis on preventing and mitigating financial crises. India is also working to strengthen its own financial sector, with initiatives aimed at improving regulation, reducing systemic risk, and promoting greater financial inclusion.
Finally, India is committed to promoting sustainable development and environmental protection. The country is keen to work with other nations to address key environmental challenges, such as climate change and pollution. India is also looking to promote sustainable development more broadly, with initiatives aimed at improving access to clean energy, promoting sustainable agriculture and forestry, and supporting biodiversity conservation.
What strategies is India using to increase its influence at G20 in 2023?
India has been taking several measures to enhance its influence at G20, which is scheduled to be hosted by India in 2023. Some of the strategies that India is using to increase its influence are:
1. Diplomatic efforts: India has been actively engaging with other G20 member countries through diplomatic channels. It has been participating in various forums and meetings to strengthen its position as an important player in global economic affairs.
2. Strengthening its economy: India is focusing on improving its economic growth rate and reducing poverty levels. It is also undertaking structural reforms to create a more investor-friendly environment.
3. Promoting innovation: India is promoting innovation and entrepreneurship to create a more dynamic and technology-driven economy. This will help India to showcase its technological prowess and attract more investments from other G20 member countries.
4. Supporting sustainable development: India is committed to sustainable development and is taking several measures to promote clean energy, reduce carbon emissions, and protect the environment. This will help India to build a positive image in the eyes of other G20 member countries.
5. Strengthening its institutional framework: India is strengthening its institutional framework by improving governance, reducing corruption, and enhancing the rule of law. This will help India to create a more stable and predictable environment for investors and other stakeholders.
What challenges does India face in establishing itself as a global leader at G20 in 2023?
One of the primary challenges is the country's internal economic and social issues. India has a vast population, and many of its citizens still live in poverty. The country's economic growth rate has been uneven, and the government has struggled to keep up with infrastructure development and job creation. Yet the GDP per capita of and Indian Hindu and Indian Muslim are the same.
Another challenge is India's relations with other countries, particularly with China and the United States. India and China have a long-standing border dispute that has escalated in recent years, and tensions between the two countries remain high. Similarly, India's relationship with the US has been complicated by trade issues, immigration policies, and geopolitical tensions. Yet these issues have not been an issue at all at G20. India seems to have with deft diplomacy avoided any issues on these matters at G20.
Additionally, India's ability to contribute to global issues, such as climate change, could be limited by its domestic concerns. India is one of the world's largest polluters, and the country's reliance on coal as a primary source of energy has been a concern for environmentalists. Again, India's point of needing time but having commitment has seen it avoid criticism.
Of course some forces want to tell you free speech is dead (difficult to believe when the leader of the opposition freely, openly, criticizes the PM at every turn, as do his party.). Or others who will tell you there is a pogrom against Muslims by a Hindu nationalist party. Again difficult to believe when less than half of Hindus vote BJP and 19% of Muslims do. (Pew Research).
