India’s role in G-20
India has emerged as an important member of G20—able to contribute and influence the reshaping of the world economic and financial order. India has an ambitious multi-pronged agenda for the G20 summit in September 2016; ranging from deploying global surpluses for Infrastructure-2/”>INFRASTRUCTURE-development/”>Infrastructure Development, inclusive development, Energy Efficiency to global action to mitigate terrorism and black Money. India’s core agenda at the summit would centre on stable and sustainable global Growth for EMPLOYMENT generation, stable Financial Markets and global trading regimes. According to India’s sherpa at the G20 Summit, the country will push for POVERTY eradication and Sustainable Development, besides trade and Investment.
Although trade and investment have always been on the G20 agenda, China is trying to take these to a higher level; therefore, it is imperative that India connects these to the issue of poverty. It will push for cooperation in clean energy to end fossil fuel subsidies in the medium term as demanded by developed countries including the US. Automatic exchange of information among countries to check black money is also a top-priority item on its agenda; though there is an agreement among G20 countries on this issue, there has been hardly any concrete progress. There is also the issue of Base Erosion and Profit Sharing (BEPS), which refers to tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low- or no-tax locations where there is little or no economic activity, and which therefore result in little or no overall Corporate tax being paid. The BEPS is of utmost significance for countries, like India, due to their reliance on corporate tax, particularly from multinational enterprises.
India, among the strong emerging economies at the G20 summit this year found a focus on terrorism as well as Climate change as major issues, as it also highlighted what it considered some of its achievements and reforms in the sectors of economy such as the introduction of the Goods and Services Tax (GST). On the sidelines of the event, with bilateral talks as well as the BRICS informal meet, India raised similar issues in addition to which country-specific issues were also raised.
For India, in recent diplomatic international forums as well as bilateral meets with countries such as the UK, Germany, US and Israel, terror has been the highlight of discussions. As a crucial transnational threat to security, terrorism is an issue that is of growing concern to people across the world, and thus also an important arena for enhancing cooperation to fight against. At the G20 Summit being held in Hamburg, Germany, counter-terrorism measures emerged as one of the crucial points of discussion for India.
India’s role in G77
Since the 1960s, the countries of the developing world have approached international negotiations together as the Group of 77, or G77. The G77 has steadily demanded greater participation in international politics. Member-states also argued that negotiations should lead to international agreements that enhanced their development possibilities. After 2000, several countries in the G77 grew economically and politically to take on larger roles. The BASIC countries – Brazil, China, India, and South Africa – emerged as a coalition in 2009 that has teamed up to address Climate Change negotiations together. At the same time, they maintained their ties with the G77 and continued to negotiate within it. This ARTICLE asks how the rise of the BASIC coalition affects the status of the G77 and its members’ ability to achieve their central goals in the negotiations: a seat at the table and Resources to support their sustainable development aspirations.
India has always backed the demand of G77 countries that the developed world start helping poorer nations cope with the “loss and damage” from extreme climate events like Typhoon Haiyan that ravaged the Philippines but stopped short of a hardline stand.
The G77 — which has expanded to 133 nations since the group was formed nearly half a century ago.
The Warsaw talks are tried to lay the foundations for a global accord meant to be agreed in 2015 and enter into force from 2020. The rich fear it would be costly and make them legally liable for droughts, heat waves and storms. For poorer countries, the devastation caused by Typhoon Haiyan earlier this month has raised the urgency of compensation.
India is a member of the G77. But it holds an independent position since 2009 when, along with emerging economies like Brazil, South Africa and China, it formed the BASIC group that worked with developed countries to reach the unofficial Copenhagen Accord, a set of decisions that included creation of a Green Climate Fund (GCF).
The G77 and China want a separate mechanism for compensating loss and damage under the UNFCCC as tagging it with the GCF, they say, would increase competitiveness. The GCF funding from 2020 will have an annual ceiling of $100 billion.
Most observers have seen a relationship of mutual benefit or at least mutual dependency between the members of the G77 and BASIC. In general, the G77 is seen to benefit from the greater visibility and negotiating weight of its larger and wealthier members, while the BASIC countries avoid isolation and gain legitimacy for their demands when they are couched within the G77’s agenda. On the other hand, this article shows that many members of the G77 appear to have some concrete disadvantages from asserting similarity with the BASIC countries.
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India’s Role in the G-20
The G-20 is an international forum for the governments and central bank governors of 19 countries and the European Union. It was established in 1999 to promote international economic cooperation and to respond to the global financial crisis of 2008.
India has been a member of the G-20 since its inception. It has participated in all G-20 summits, and has hosted the summit twice, in 2002 and 2014.
India’s participation in the G-20 has been significant. It has used the forum to promote its interests on a range of issues, including trade, climate change, and development. India has also played a constructive role in G-20 negotiations, and has helped to bridge differences between member countries.
India’s presidency of the G-20 in 2022 was a major milestone for the country. It was the first time that India had held the presidency of a major international forum. India used its presidency to promote its priorities on a range of issues, including climate change, sustainable development, and digitalization.
India’s priorities as G-20 president were to:
- Promote global economic growth and stability
- Address climate change and sustainable development
- Promote Financial Inclusion and development
- Strengthen international cooperation
India’s presidency of the G-20 was a success. It helped to raise India’s profile on the global stage, and it demonstrated India’s commitment to multilateralism and global cooperation.
India’s Role in the G-77
The G-77 is a group of 134 developing countries that was established in 1964. The G-77’s goal is to promote the interests of developing countries in international forums.
India is a founding member of the G-77. It has been a leading voice in the G-77, and has played a key role in its negotiations with developed countries.
India’s priorities in the G-77 are to:
- Promote the interests of developing countries in international forums
- Address the challenges of poverty, inequality, and climate change
- Promote sustainable development
- Strengthen international cooperation
India’s role in the G-77 has been significant. It has helped to raise the voice of developing countries in international forums, and it has played a key role in promoting the interests of developing countries.
India’s membership of the G-77 has also helped to strengthen its ties with other developing countries. This has been beneficial for India, as it has given it access to new markets and resources.
India’s role in the G-77 is likely to continue to be important in the years to come. The challenges facing developing countries are complex and require a concerted effort from all countries. India is well-positioned to play a leading role in addressing these challenges.
The G20 is a group of 20 major economies that meet regularly to discuss Global Economic Issues. The G77 is a group of 134 developing countries that meet to discuss common economic and development issues.
India is a member of both the G20 and the G77. India’s role in the G20 is to represent the interests of developing countries and to promote economic growth and development. India’s role in the G77 is to represent the interests of developing countries and to promote economic and social development.
India’s membership in the G20 and the G77 gives it a voice in global economic decision-making. India uses its membership in these groups to promote its interests and to advocate for the interests of developing countries.
India’s membership in the G20 and the G77 also gives it access to resources and information that can help it to develop its economy. India uses its membership in these groups to learn from other countries and to develop its own policies and programs.
India’s membership in the G20 and the G77 is important for India’s Economic Development. India uses its membership in these groups to promote its interests, to advocate for the interests of developing countries, and to access resources and information that can help it to develop its economy.
Here are some frequently asked questions about India’s role in the G20 and the G77:
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What is the G20?
The G20 is a group of 20 major economies that meet regularly to discuss global economic issues. -
What is the G77?
The G77 is a group of 134 developing countries that meet to discuss common economic and development issues. -
Why is India a member of the G20 and the G77?
India is a member of both the G20 and the G77 because it is a major economy and a developing country. -
What is India’s role in the G20?
India’s role in the G20 is to represent the interests of developing countries and to promote economic growth and development. -
What is India’s role in the G77?
India’s role in the G77 is to represent the interests of developing countries and to promote economic and social development. -
How does India’s membership in the G20 and the G77 benefit India?
India’s membership in the G20 and the G77 gives it a voice in global economic decision-making. India uses its membership in these groups to promote its interests and to advocate for the interests of developing countries. -
How does India’s membership in the G20 and the G77 benefit other countries?
India’s membership in the G20 and the G77 gives it access to resources and information that can help it to develop its economy. India uses its membership in these groups to learn from other countries and to develop its own policies and programs. -
What are the challenges facing India in its role in the G20 and the G77?
The challenges facing India in its role in the G20 and the G77 include the need to balance the interests of developing countries with the interests of developed countries, the need to address the issue of climate change, and the need to promote economic growth and development. -
What are the opportunities for India in its role in the G20 and the G77?
The opportunities for India in its role in the G20 and the G77 include the opportunity to promote its interests, the opportunity to advocate for the interests of developing countries, and the opportunity to access resources and information that can help it to develop its economy. -
What is the future of India’s role in the G20 and the G77?
The future of India’s role in the G20 and the G77 is uncertain. India’s role in these groups will depend on a number of factors, including the global economic Environment, the political situation in India, and the policies of other countries.
Question 1
India is a member of the following international organizations:
(A) G-20
(B) G-77
(C) BRICS
(D) All of the above
Answer
(D) All of the above
India is a member of the G-20, G-77, and BRICS. The G-20 is a group of 20 major economies that meet regularly to discuss global economic issues. The G-77 is a group of 134 developing countries that meet to discuss issues of common interest. BRICS is a group of five emerging economies: Brazil, Russia, India, China, and South Africa.
Question 2
India’s role in the G-20 is to:
(A) Promote economic growth and development
(B) Address global challenges such as climate change and terrorism
(C) Facilitate international trade and investment
(D) All of the above
Answer
(D) All of the above
India’s role in the G-20 is to promote economic growth and development, address global challenges such as climate change and terrorism, and facilitate international trade and investment. India is a leading voice for developing countries in the G-20, and has played a key role in promoting the interests of these countries.
Question 3
India’s role in the G-77 is to:
(A) Promote the interests of developing countries
(B) Address issues of common interest to developing countries
(C) Facilitate cooperation among developing countries
(D) All of the above
Answer
(D) All of the above
India’s role in the G-77 is to promote the interests of developing countries, address issues of common interest to developing countries, and facilitate cooperation among developing countries. India is a founding member of the G-77, and has played a leading role in the organization since its inception.
Question 4
India’s role in BRICS is to:
(A) Promote economic growth and development
(B) Address global challenges such as climate change and terrorism
(C) Facilitate international trade and investment
(D) All of the above
Answer
(D) All of the above
India’s role in BRICS is to promote economic growth and development, address global challenges such as climate change and terrorism, and facilitate international trade and investment. India is a founding member of BRICS, and has played a leading role in the organization since its inception.
Question 5
India’s role in international organizations has been to:
(A) Promote economic growth and development
(B) Address global challenges such as climate change and terrorism
(C) Facilitate international trade and investment
(D) All of the above
Answer
(D) All of the above
India’s role in international organizations has been to promote economic growth and development, address global challenges such as climate change and terrorism, and facilitate international trade and investment. India is a leading member of many international organizations, and has played a key role in promoting the interests of developing countries.