INDIA’S G20 PRESIDENCY: CHALLENGES AND OPPORTUNITIES

Abstract

In today’s world international relations are increasingly becoming more like domestic politics. Once states become signatories to the international treaties and conventions, they have significant influence on their policy decisions. If you do not have a prominent or influential role in shaping these international laws and agreements, you are liable to be exploited or cheated by other powerful countries. In the backdrop of the above, India’s G20 Presidency is an important event which is the world’s most influential economic multilateral, agenda-setting forum. G 20 plays an important role in shaping and strengthening the global financial architecture. The G20 Presidency offers India an opportunity to become the voice of the Global South, that is otherwise under-represented in such forums. India can use the G20 process for achieving a stable, inclusive and representative global economic and financial system.