Modi Unveils Logo, Theme, Site of G-20 Presidency

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The Prime Minister, Shri Narendra Modi unveiled the logo, theme and website of India’s G-20 Presidency via video conferencing.
The G20 Leaders’ Summit at the level of Heads of State/Government is scheduled to be held on September 9 and 10, 2023 in New Delhi.

In Focus: G-20

G-20 was a group of finance ministers and central bank governors from 19 individual countries and European Union. It was established in 1999.
G20 was elevated to a forum of Heads of State/Government in 2008 to effectively respond to the global financial crisis of 2008.
G-20 is a forum, not a legislative body. Its agreements and decisions have no legal impact, but they do influence countries’ policies and global cooperation.

The G20 has no permanent secretariat. The agenda and work are coordinated by representatives of the G20 countries, known as ‘Sherpas’.
- For India, ex-NITI Aayog CEO Amitabh Kant is the current G20 Sherpa.
The presidency of the G20 rotates every year among members, and the country holding the presidency, together with the previous and next presidency-holder, forms the ‘Troika’.
- Troika ensures continuity of the G20 agenda.
- During India’s presidency, India, Indonesia and Brazil will form the troika.

Carries significant weight
- G20 members represent around 85% of global GDP, over 75% of global trade, and two-thirds of the world’s population.
- G20 members contribute 79% of the world carbon emissions and hence this platform assumes significance in shaping the discussion on climate change.
Promotes Multilateralism
- Since 2011, the G20 summit has been held annually, under a rotating presidency.
- The practice of rotating the chair gives all the members a chance to shape the global agenda.
A number of overarching themes
- Initially, the G20 focused on broad macroeconomic policy, but has since expanded its ambit to include trade, sustainable development, energy, environment, climate change, anti-corruption etc.
  - Eg., 2021 summit decided to stop funding coal-fired power plants in poor countries by the end of 2021.
  - It also committed to seek carbon neutrality “by or around mid-century”.
  - 2021 summit endorsed the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy.
United Fight against COVID-19 Pandemic
- In March 2020, G20 leaders pledged to inject $5 trillion into the global economy to reduce the economic impact of the coronavirus pandemic.
- In addition to this, they also agreed to contribute to WHO’s COVID-19 Solidarity Response Fund on voluntary basis.

PM Modi unveiled the logo, theme and website of India’s G20 presidency.
India will assume the presidency of the powerful G20 grouping from the current chair, Indonesia, on December 1, and hold the post for a year.

The logo — Earth juxtaposed with the lotus,
Theme — “Vasudhaiva Kutumba-kam” or “One Earth One Family One Future”
- The logo reflects India’s idea of VasudhaivaKutumbakam (the whole earth is a family), because of which India has always believed in global harmony.

India’s G20 presidency is coming at a time of crisis and chaos in the world.
- The world is going through the after-effects of a disruptive once-in-a-century pandemic, conflicts and a lot of economic uncertainty.
The symbol of the lotus in the G20 logo is a representation of hope in this time.
Elaborating on the theme, PM Modi said India is working on the vision of bringing the whole world together for a common objective, for a better future.
- It will be India’s endeavour that there should not be any first world or third world, but “only one world”.
- India, with its mantra of ‘One Sun, One World, One Grid’, has called for a renewable energy revolution in the world.
- India took up a campaign of ‘One World, One Health’ to strengthen global health.
- Now, in the G20 also, India’s mantra is One Earth, One Family, One Future.