India has felt the heat directly, with China engineering the worst border confrontation in over 50 years. Meanwhile, China has been moving aggressively, hoping to establish itself as the world’s next superpower, challenging America’s global hegemony. Russia’s invasion of Ukraine spiked global inflation to crisis levels, coupled with food shortages. The Covid-19 shock on economies has seen global indebtedness soar. It is being held at a time when the world is deeply divided and troubled. India has woven that theme into the G20 agenda at all levels: from financial inclusion via MDBs and digital empowerment via DPIs to making climate change negotiations fair to the Global South.īut India’s G20 vision is not the only reason we have chosen to focus this week’s cover story on the New Delhi summit. Nothing encapsulates India’s championship of the cause of the Global South more emphatically than this one step. This immediately opens out a hitherto rarefied realm to a continent that has been at the wrong end of history for centuries. De facto, therefore, it is already G20 + 1. Zulu time is often the standard time zone for use in military and aviation. We have proposed that the African Union be invited as a permanent member, and New Delhi will host an AU representative for the first time at a G20 summit. Secondly, India has not stopped at just doing this by power of attorney. Its focus is to get Multilateral Development Banks (MDBs) to relook the lending terms offered to poorer countries-a vital step during the present global debt crisis that can touch billions of lives worldwide. Another instance of this is the expert group on finance set up by India in March, co-convened by the very experienced N.K. Beyond the jargon, what he is doing is addressing the genuine concerns of the world. Take the digital public infrastructure (DPI) theme India has built into the G20 framework, getting the UNDP and the World Bank to adopt it as an accelerator of sustainable development goals formally. Modi’s accomplishment has been to alter that aspect fundamentally. It was earlier a talking shop restricted to heads of state, their top-level aides, retinues of diplomats, finance experts and assorted technocrats. The first pertains to the relation between the event and the people. Under Prime Minister Narendra Modi’s chairmanship, India has proceeded in two broad directions. Nor has any country extracted so much from the forum in terms of achieved objectives. No other host country has put so much action into the frame-almost 200 events across 60+ venues, brilliantly showcasing India to many who matter. But what is most striking about India’s year-long presidency of G20 is how creative its agenda-setting has been and how bustling its execution. ![]() From being an aspirant knocking on the door, India is now at the high table. India’s big G20 moment has arrived, with New Delhi as the host city for the global elite.
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