Brief Write-Ups on G20: In pursuance of Circular No. Acad-158/2022 dated 22 December 2022 regarding the G20 Presidency of India, it is informed that the Ministry of Education (MoE), Government of India (GoI) has prepared 2 short articles for children of classes VI to VIII and IX to XII, containing exciting and age-appropriate information about the G20.
This information will give the school-going children a glimpse and understanding of the international scenario, its dynamics, and India’s position. It will facilitate and enable them to think critically, innovate, communicate and become change-makers.
School heads are requested to spread the concerned students briefly and organize activities such as quizzes, elocution competitions, essay, and slogan writing competitions, etc. to make the students aware of G20.
Group of Twenty (G20)
The Group of Twenty also called the G20 is a forum for international economic cooperation. India assumed its chairmanship on 1 December 2022 and will hold it till 30 November 2023. It is a proud moment for India as a citizen and for countries in Asia and Africa and also for all other countries as India has taken over the Group of Twenty (G20). Presidency at a significant period of time in history.
It is also fitting that India leads the G20 as India is the fountainhead of democracy as the world’s first republic originating in ancient India. India is imbued with the spirit of democracy for more than 3000 years and has always been at the forefront of cooperation. The G20 (Group of Twenty) Forum gives India a unique opportunity to communicate its democratic ethos to the world.
The G20 was established in 1999 after the Asian financial crisis as a forum for finance ministers and central bank governors to discuss global economic and financial issues. As you know that the Central Bank in India is known as the Reserve Bank of India. As a leading forum for international economic cooperation, the G20 plays an important role in shaping and strengthening global architecture and governance on all major international economic issues.
The G20’s role as an international forum was recognized through its initiatives for economic and mutual cooperation of member states, and during the global financial crisis of 2007, the Group of Twenty was strengthened and elevated to the level of heads of the state designated as ‘Premieres’. Forum for International Economic Cooperation. This makes the Group of Twenty (G20) a truly international organization for economic cooperation among its member states.
Who are the G20 members?
The G20 consists of 19 countries and an association of nations known as the European Union members. The members of the G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States and the European Federation.
The countries are from all over the world and these members represent about 85% of global GDP, more than 75% of global trade, and about two-thirds of the world’s population. This is the reason why the G20 is an important organization from the current economic, political and socio-cultural contexts as each country strives to enable itself to grow economically and become a self-reliant country in the context of globalization.
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