Diplomats from around the world are praising India’s successful chairmanship of the G20 after the long-awaited summit in New Delhi, which not only enabled the deeply divided group to find an agreement but also created the foundation for closer future collaboration. As a result of the African Union’s admission to the G20 under Indian leadership, greater reforms in international multilateral organizations were made possible.
India, which has continued to speak out in favor of reforming international organizations, acted in accordance with its words by leading by example at the Group of 20 meeting. According to several observers, only India could have obtained this broad unanimity at the summit, which has proven to be a powerful reflection of India’s expanding importance on the international scene. India, which enjoys friendly relations with both the West and Russia, has correctly taken use of its special position for the benefit of humanity. Here are the G20 Summit’s five most important conclusions.
- On Saturday, September 9, Prime Minister Narendra Modi made the Global Biofuels Alliance official. This alliance will now consist of 19 nations and 12 international organizations, both G20 members and non-members. The original members of the alliance are the US, Brazil, and India. Joe Biden, Luiz Inacio da Silva, Alberto Angel Fernández, Giorgia Meloni, Sheikh Hasina, and others were present for the alliance’s official debut. Other G20 members who support the plan include Argentina, Canada, Italy, South Africa, and Brazil in addition to India, Brazil, and the US. Bangladesh, Singapore, Mauritius, and the UAE are also asked to take part in this encouraging project even though they are not G20 members.
- An important event occurred on the eve of the Belt and Road Initiative’s tenth anniversary. A Memorandum of Understanding (MoU) was signed by India, the US, the UAE, Saudi Arabia, France, Germany, Italy, and the European Union to create the India-Middle East-Europe Economic Corridor (IMEE-EC). This corridor poses a strategic threat to President Xi Jinping’s BRI since it seeks to promote economic integration and link Asia with Europe. The decision is even more significant from a strategic standpoint given that Italy, a G-7 member led by Prime Minister Giorgia Meloni, is reportedly considering leaving the BRI, which is supported by China. At the request of Prime Minister Narendra Modi, US President Joe Biden, working with Saudi Crown Prince Mohammed bin Salman, voiced his full support for this new initiative. The UAE President, a close ally and friend of PM Modi, aggressively supported the idea, seeing the Arabian Peninsula as a trade route between India and Europe. Emmanuel Macron, Germany, Italy, and the European Commission have joined forces in this ground-breaking project with the support of another ally.
- Despite disagreements over the Russia-Ukraine crisis, India was able to get a consensus “New Delhi Leaders’ Summit Declaration” on all geopolitical and developmental issues on the first day of the G20 Summit. India-based mediators put forth a lot of effort to overcome divisions between the Western Block and the Chinese-Russian bloc. This agreement was reached as a result of bilateral discussions held by Prime Minister Narendra Modi on the margins of the G20 with individuals including Joe Biden, Rishi Sunak, Olaf Scholz, and Fumio Kishida.
- The G20 transformed into the G21 when India held the presidency, opening a seat at the exclusive table for the African Union. Being one-fifth of the world’s population, Africa cannot continue to be underrepresented on the international scene. India has unambiguously communicated the same message to the world’s leaders. It is a crucial step toward the changes that the 55-nation bloc has been requesting in international and multilateral organizations, including the United Nations Security Council, according to South African presidential spokesperson Vincent Magwenya on Saturday, 9th
- At the G20, the crisis between Russia and Ukraine caused controversy, but climate change also presented problems. On addressing the climate catastrophe, however, a consensus developed, indicating a big triumph for India and the rest of the globe. Commitments to decrease the use of fossil fuels, raise renewable energy objectives, and cut greenhouse gas emissions were contentious subjects that China and Saudi Arabia objected to. India and other developing countries emphasized the need for developed countries to uphold their promises throughout the declaration discussions, while developed countries pushed for a global focus on climate-related goals. The New Delhi statement pledges to reduce “unabated coal power” while increasing the production of sustainable energy and asks for the gradual elimination and rationalization of fossil fuel subsidies.