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The G20 summit is an annual international meeting where leaders from the world's 19 largest economies and the European Union come together to discuss global economic issues, financial stability, and other pressing matters. The goal is to foster cooperation, coordinate policies, and address challenges that impact the global economy.
The G20 summit is an annual international gathering of leaders from the world's major economies, including both developed and developing nations. It serves as a platform for discussions on global economic and financial issues, with the aim of fostering international cooperation and policy coordination. The G20 was established in 1999 in response to the financial crises of the late 1990s, and its membership represents about 85% of global economic output and two-thirds of the world's population.
During the summit, leaders engage in discussions on a wide range of topics, including trade, investment, innovation, sustainable development, and more. The host country sets the agenda for the meetings, and the leaders work towards consensus on various issues, often issuing joint statements or declarations at the end of the summit.
The G20 summit has played a crucial role in coordinating responses to global economic challenges and crises, with notable meetings during the 2008 financial crisis and subsequent years. It remains an important forum for leaders to address pressing economic and geopolitical issues, promote dialogue, and advance policies that have a significant impact on the global economy.
This year India will convene the G20 Leaders' Summit for the first time in 2023, as 43 Heads of Delegations- the largest ever in the G20–will participate in the final New Delhi Summit in September.