India to host G-20 summit in 2022

India will host the G20 Summit In 2022 as the country marks its 75th year of Independence, said Prime Minister Narendra Modi, on Saturday, during the ongoing G-20 summit in Argentina.

India was originally scheduled to host the G-20 summit in 2021, but it is the 75th anniversary of India’s independence in the year 2022, hence India made a request to Italy to swap its places so it can host the summit to coincide with India’s 75th anniversary of its independence.

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PM Modi, in the concluding session of the G-20 summit said, “It is India’s 75th Independence Day in 2022 and we had requested Italy if we can get 2022 instead of 2021 (for hosting G20 summit).They accepted our request, others accepted it too.I’m grateful & I invite leadership from across the world to come to India in 2022”, as quoted by ANI.

The Group of Twenty (G20) is a forum for international economic cooperation and decision-making. Its membership comprises 19 (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States. Spain is a permanent guest invitee) countries plus the European Union. Each G20 president invites several guest countries each year.

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The G20 was first held in 1999 as a meeting of Finance Ministers and Central Bank Governors in the aftermath of the Asian financial crisis. In 2008, the G-20 expanded its agenda and the first G20 Leaders’ Summit was held, and the group played a key role in responding to the global financial crisis. It seeks to address issues that go beyond the responsibilities of any one organization.

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