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G20 Summit will be hosted by India, G20 summit 2018 concluded in Argentina

G20 Summit will be hosted by India, G20 summit 2018 concluded in Argentina

On the closing ceremony of the two-day G-20 Summit held in Argentina's capital Buenos Aires, Prime Minister Narendra Modi announced that India has been hosting the G20 summit of the year 2022.

Prime Minister Modi thanked Italy for getting the G20 hosted by India. At the same time, he invited the leaders of the G-20 group to come to India in 2022. Let us know that in the year 2022, the G20 conference was to be hosted by Italy but considering India's request, Italy has handed this opportunity to India.

India in G-20 Summit 2018

  • Prime Minister of India, Narendra Modi, during the G-20 Summit, met the President of several countries including the US, Japan.
  • After the meeting with the US and Japan, PM Modi also gave a new slogan. Modi gave a slogan to Jai (J A I - Japan, America, India). According to him, Jai means success.
  • It is the first tripartite meeting of Japan-America and India.
  • During this, Prime Minister Modi termed financial crime as a big threat to the world and to put an end to it, put a 9-point agenda in front of the world.
  • PM Modi meets European Council President Donald Tusk, European Commission President Jean-Claude Junker and German Chancellor Angela Merkel.
  • During this time, he discussed ways to strengthen relations between the Indo-EU, including the joint effort to fight all types of terrorism.
  • Prime Minister Modi, apart from the G-20 summit, also met China's President Xi Jinping. During this time, the two countries discussed the strengthening of relations.

G-20 Group: In September 1999, the Finance Ministers of G-7 countries formed the G-20 as an international forum. With this platform maintaining international financial stability, Bretton Woods promotes informal dialogue and cooperation among systematic countries that come within the framework of institutional system. This group (G-20) is the main forum for deciding on its members' international economic cooperation and on some issues. It includes 19 countries and the European Union. Leaders of G-20 meet once a year and meet in the meeting.

India will host G20 in the year 2022: In 2022 Italy had to host the G20 but on the request of Prime Minister Modi, India would now host India. Prime Minister Narendra Modi has said that in the year the country will celebrate 75th Independence Day, he will host the G-20 Summit. PM Modi said, "India will be 75th Independence Day in 2022, we requested Italy that we would be allowed to host G20 in year 2022 instead of 2021. All of them have accepted our request. I am grateful and invite leaders around the world to come in 2022.

Importance of G-20 for India:  Financial Stability Board, International Labor Organization, International Monetary Fund, Economic Cooperation and Development Organization, United Nations, World Bank and World Trade Organization work together. India can achieve economic and diplomatic gains by organizing the G-20 Summit.

Q.1 Which country hosted G20 Summit in 2018?
A. Japan
B. India
C. Argentina
D. China
Ans: Argentina
Q.2 When will India host G 20 Summit?
A. 2021
B. 2019
C. 2022
D. 2025
Ans: 2022

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