Explainer: India G20 presidency 2023: what does it mean and what can we expect

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Explainer: India G20 presidency 2023: what does it mean and what can we expect
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India began its year-long presidency of the Group of 20 (G20) this week, taking over from Indonesia at a time of geopolitical tumult and uncertainty over post-pandemic economic recovery.

India's Prime Minister Narendra Modi walks after the handover ceremony during the G20 Leaders' Summit, in Nusa Dua, Bali, Indonesia, November 16, 2022. REUTERS/Willy Kurniawan/Pool this week, taking over from Indonesia at a time of geopolitical tumult and uncertainty over post-pandemic economic recovery.

The G20 also invites non-member countries, including Bangladesh, Singapore, Spain and Nigeria, besides international organisations such as the United Nations, World Health Organization, the World Bank and the IMF.The G20 does not have a permanent secretariat, and one member takes over the presidency each year to steer the grouping's agenda that is split into two tracks - one led by finance ministers and another by emissaries of leaders of member countries.

Modi also underlined a need to "depoliticise the global supply of food, fertilizers and medical products, so that geo-political tensions do not lead to humanitarian crises". The 72-year-old leader also appears to have a personal rapport with many of his G20 counterparts, including U.S. President Joe Biden and French President Emmanuel Macron.

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