Context:

The capability of India to convene and facilitate consensus at the G20 summit has established a precedent that is hard to match.

G-20 Outcomes:

• Africa officially joined the G20 organization as a member starting this year.The New Delhi Leaders Declaration has been endorsed by the heads of state, highlighting a commitment to prioritize Inclusive Growth.
• The proposal for an India-Middle East-Europe-Corridor has been approved by the leaders of these nations.
• Member countries have established the Global Biofuel Alliance, focusing on the increased utilization of biofuels.

India’s performance at the G20 summit and its Global implications:

• India’s Diplomatic Prowess:
  • India’s remarkable ability to convene and generate consensus at the G20 summit.
  • A comparison with China’s emergence through the 2008 Beijing Summer Olympics.
  • Acknowledgment of China’s likely reservations about India’s rise.

• Showcasing Indian Diversity:
  • The summit and associated events brought the diversity and cultural richness of India to the forefront, enhancing the country’s soft power and international image.
• Positioning as an Alternative to China:
  • Proposing an economic corridor connecting Europe, the Middle East, and India.
  • Countering China’s Belt and Road Initiative.
• Emphasizing India’s commitment to core values:
  • Theme of India’s presidency: Vasudhaiva Kutumbakam (One Earth, One Family, One Future).
  • Pledges for sustainable practices and addressing global challenges.
• Global South as an Alternative Vision:
  • India emerged as a voice for an alternative vision, advocating for the inclusion of the African Union in the G20 and promoting its successful financial inclusion model (Indian Stack and the JAM Trinit) for the benefit of much of the world.

News Source: The Indian Express