India will host the G20 Summit 2023 – a year after than what it was decided earlier. This was announced by the G20 leaders on Sunday, November 22nd, 2020. India swapped its turn with Indonesia, and no reason for this change has been given publicly.
“We thank Saudi Arabia for hosting a successful Riyadh Summit and its contribution to the G20 process. We look forward to our next meetings in Italy in 2021, Indonesia in 2022, India in 2023 and Brazil in 2024,” said a declaration of G20 Riyadh Summit leaders.
This is the second time that India’s turn to host the summit has been postponed. At first, India got its turn to host G20 Summit in the year 2021, to which Prime Minister Narendra Modi requested for a change so that its G-20 chairmanship would coincide with the 75th anniversary of Indian independence. India swapped its turn with Italy at that time. The change in the turn was announced through Modi’s statement in Buenos Aires and from his Twitter handle.
“In 2022 India completes 75 years since Independence. In that special year, India looks forward to welcoming the world to the G-20 Summit! Come to India, the world’s fastest-growing large economy! Know India’s rich history and diversity, and experience the warm Indian hospitality” read a tweet by Narendra Modi.
“The order of the rotating presidency is decided among member states on the basis of consultations and mutual convenience,” said an official source. “India looks forward to taking forward the G20 agenda in 2023 after the Italian and Indonesian presidencies”, the official source added.
This year, the G20 leaders addressed the vulnerabilities revealed by this crisis, take the necessary steps to recover stronger and work to ensure that future generations are safer than we have been.
“Supporting the multilateral trading system is now as important as ever. We strive to realize the goal of a free, fair, inclusive, non-discriminatory, transparent, predictable, and stable trade and investment environment, and to keep our markets open. We will continue to work to ensure a level playing field to foster an enabling business environment. We endorse the G20 Actions to Support World Trade and Investment in Response to COVID-19,” read the declaration.
“We are committed to leading the world in shaping a strong, sustainable, balanced and inclusive post-COVID-19 era,” the G20 leaders concluded in the declaration.