Despite the Global South accounting for more than 39% of the global GDP and 85% of the global population, nearly half of all the G20 Summits have taken place in and been presided over by countries in the Global North. Other significant Global South presidencies include that of China (2016) steering the conversation towards inclusive growth and connectivity and Argentina (2018) urging its members to prioritise poverty alleviation and sustainable development. ADVERTISEMENTDespite its evolving image with regard to its G20 presidency, in its official discourse, India still postures itself as the ‘voice of the Global South’, not merely as an architect of the global agenda but also as a relentless driver of change, growth and sustainability for the Global South. It also announced its intent of constituting a Financial Inclusion Action Plan and a Global Challenges Funding mechanism for the financial inclusion of the marginalised sections in the Global South. The most significant marker of Indian commitment to the Global South bloc has been the inclusion of the African Union into the G20.

Source: The Telegraph November 07, 2023 02:23 UTC