A STUDY ON PRESIDENCY OF THE G20 IN INDIA: SWOC ANALYSIS

Abstract

India assumed the presidency of the G20 grouping from Indonesia on December 1, 2022, and will hold the post for a year. During its presidency, in a variety of social and economic sectors, India aims to identify, highlight, build and deepen international support for vitally important issues. This G20 conference in India is intended to continue pressing for reformed multilateralism that creates a multipolar international structure that is more accountable, inclusive, equitable and representative. India also intends to highlight inclusive growth and development at the G20 summit, placing a focus on women's empowerment and representation in essence of its G20 discussions.(indiafoundation, 2022).The G20 is an international forum for governance of the global economy, representing 85% of two-thirds of the world's population, 75% of global trade, and the worldwide GDP.(THE TIMES OF INDIA, 2023).India has been a member of the G20 since 1999 and will keep chairmanship for one year.(THE TIMES OF INDIA, 2023).India's Presidency comes at a time of global flux, with the Russia-Ukraine conflict and sanctions affecting the most vulnerable developing countries and LDCs. India's vision for global development, is shaped by green and digital uprisings and the pandemic effect. With a new emphasis on the "global common good", PM Modi has changed India's foreign policy. Through its leadership of the G20, India seeks to find long-term & appropriate approaches to global problems including climate change, emerging technologies, food and energy security.(THE TIMES OF INDIA, 2023).India will host the G20 Leaders' Summit in New Delhi in 2023. (THE TIMES OF INDIA, 2023).The objectives of this article are to analyze the country's strengths, weaknesses, opportunities and challenges (SWOC) in the context of India in the G20 summit. The current study is conducted using secondary data from books, government publications, open-source databases, and other literature sources. It is based on both descriptive and analytical research methodologies.