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India receives G-20 presidency from Indonesia

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India receives G-20 presidency from Indonesia

New Delhi, Nov 16 (Prensa Latina) India on Wednesday received the Presidency of the G20 at the closing session of the Summit of this intergovernmental forum held in Bali, Indonesia.

Indonesian President Joko Widodo symbolically handed over the post to Indian Prime Minister Narendra Modi.

India will officially assume the leadership of the bloc as of December 1.

During his speech, the Indian head of Government said that his country takes over the G20 leadership at a time when the world is grappling with geopolitical tensions, economic slowdown, rising food and energy prices, and the long-term negative effects of the Covid-19 pandemic.

Modi assured world leaders that the Indian Presidency of the G20 will be inclusive, ambitious, decisive, and action-oriented.

He asserted that New Delhi will strive to ensure that the G20 acts as a global engine to imagine new ideas and accelerate collective action over the next year.

The Indian prime minister expressed concern over the challenges posed by the environment and pointed out that the sense of ownership over natural resources is giving rise to conflicts and is the main cause of the plight of the environment.

Modi stressed the need to provide the benefits of development to all human beings with compassion and solidarity and added that global development is not possible without the participation of women.

He claimed that women-led development should be a priority on the G20 agenda.

The Indian prime minister stressed that without peace and security, future generations will not be able to benefit from economic growth and technological innovation.

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