NEW DELHI’S POWERPLAY: INSIGHTS FROM THE G20 SUMMIT 2023

NEW DELHI’S POWERPLAY: INSIGHTS FROM THE G20 SUMMIT 2023

Author: Harsa Srinidhi M, a Student At Symbiosis Law School, Hyderabad

Introduction:

The G20 Summit, held in New Delhi in 2023, brought together leaders from the world's major economies to discuss pressing global issues and chart a path for economic growth and cooperation. The summit provided valuable insights into India's power play on the global stage and its role as a bridge between the developing and developed worlds. India's presidency of the G20 was a confirmation of its status as a significant emerging global power. The country showcased its economic prowess and its commitment to addressing global challenges. As the world's fastest-growing major economy, India's role in shaping the global agenda is becoming increasingly significant. The summit's theme, "Vasudhaiva Kutumbakam", or "the world is one family," resonated with India's vision of unity and cooperation. India's leaders emphasised the need for inclusivity and interconnectedness, rejecting protectionist policies. 

Bilateral Meetings: 

During the G20 Summit in India in 2023, Prime Minister Narendra Modi engaged in several bilateral meetings with world leaders, fostering diplomatic relations and discussing key issues. Modi's meetings were crucial in shaping the outcomes of the summit. He held discussions with leaders from various countries, including the United States, South Korea, Turkey, the European Union, and Germany. The bilateral meetings provided an opportunity for Modi to strengthen ties, exchange ideas, and collaborate on addressing global challenges. Through these interactions, Modi aimed to promote India's interests and contribute to the collective efforts of the G20 in shaping a more inclusive and sustainable global agenda.

India-Middle East-Europe Economic Corridor (IMEC) : 

During the G20 Summit 2023, an important development took place with the signing of the India-Middle East-Europe Economic Corridor (IMEC) agreement. This agreement aims to enhance economic cooperation and connectivity between India, the Middle East, and Europe. The corridor is expected to facilitate trade, investment, and infrastructure development, fostering greater regional integration and economic growth. By establishing this economic corridor, India seeks to tap into the vast potential of these regions, leveraging their strategic locations and economic opportunities. This agreement signifies India's commitment to expanding its economic footprint and deepening its engagement with key partners in the Middle East and Europe, ultimately contributing to regional development and prosperity.

Inclusion of the African Union:

The African Union's participation in the G20 Summit 2023 marks a crucial step towards fostering global inclusivity and addressing the unique challenges faced by African nations. India played a pivotal role in advocating for the African Union's inclusion, recognising the continent's immense potential and the need for its representation in global decision-making forums. India's efforts to strengthen ties with African nations through initiatives like the India-Africa Forum Summit have been instrumental in building trust and cooperation. By championing the African Union's inclusion in the G20, India has demonstrated its commitment to promoting a more equitable and inclusive global order.

Conclusion:

Despite the challenges and criticisms, India's G20 presidency was seen as a significant milestone in the country's foreign policy trajectory. India has transitioned from a policy of non-alignment to one of multi-alignment, actively engaging with various global powers and regional groupings. India's powerplay at the G20 Summit showcased its ambition to play a more prominent role in global affairs. As the country continues to navigate an increasingly polarised world, it will need to balance its national interests with its commitment to multilateralism and inclusive growth. The G20 Summit served as a platform for India to assert its influence and contribute to shaping a prosperous and sustainable future for all.