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G20 Summit 2023 Delhi 1st Day Highlights
G20 Summit 2023 Day 1 Highlights: During the opening session, a significant decision was made to grant the African Union permanent membership in the G20. Various bilateral discussions took place, including a meeting between Indian Prime Minister Modi and British Prime Minister Rishi Sunak. Prime Minister Modi also announced the adoption of the G20 New Delhi Leaders’ Declaration and expressed gratitude to G20 sherpas, ministers, and officials for their dedicated efforts. Finance Minister Nirmala Sitharaman stated that India ‘walked the talk’ during its presidency.
The declaration addressed the Russia-Ukraine conflict, emphasizing the need for peace in today’s era. It also highlighted the negative impact of the conflict on supply chains, macro-financial stability, inflation, and growth. PM Modi introduced the Global Biofuel Alliance and launched the ‘India-Middle East-Europe Economic Corridor,’ a major rail and shipping connectivity project. India’s successful negotiations, supported by key countries like Brazil, South Africa, and Indonesia, played a crucial role in achieving consensus on the G20 declaration, overcoming divisions related to the Ukraine war.
Important Outcomes from G20 Summit 2023 Day 1 Highlights
African Union Granted Permanent G20 Membership: In a groundbreaking decision during the opening session, the African Union was granted permanent membership in the G20, signifying a significant step toward inclusivity.
- Bilateral Discussions -Numerous bilateral discussions unfolded, including a pivotal meeting between Indian Prime Minister Modi and British Prime Minister Rishi Sunak, reinforcing diplomatic ties.
2. Adoption of G20 New Delhi Leaders’ Declaration:
Prime Minister Modi proudly announced the adoption of the G20 New Delhi Leaders’ Declaration, showcasing collective agreement and commitment.
3. Acknowledgment and Gratitude:
PM Modi extended gratitude to G20 sherpas, ministers, and officials for their unwavering dedication to making the joint declaration possible.
4. India’s Presidency Walking the Talk:
Finance Minister Nirmala Sitharaman asserted that India demonstrated its commitment and action during its presidency, emphasizing tangible results.
5 . Economic Corridor,
emphasizing its potential for sustainable development.
6 . G20 Commitment to Cross-Border Payments:
G20 nations committed to promoting faster, transparent, and inclusive cross-border payments, in line with the G20 roadmap.
7. UK-India FTA Discussions:
India and the UK discussed their growing ties and progress towards delivering a UK-India Free Trade Agreement (FTA).
8. G20 Spouses Explore Indian Agriculture:
The spouses of G20 leaders experienced India’s agricultural prowess through exhibitions and farm-to-fork experiences.
9. G20 Leaders Embrace Clean Energy:
G20 countries committed to phasing down unabated coal power and eliminating inefficient fossil fuel subsidies.
10. Territorial Integrity and Sovereignty:
The G20 declaration called for all states to uphold principles of territorial integrity, sovereignty, and peaceful conflict resolution.
11. Global Push for Crypto-Asset Policies:
There is a global push for clearer policies on crypto-assets, gaining momentum and consensus among G20 nations.
12. G20 Urges Peace in Ukraine:
The G20 New Delhi Leaders’ Declaration stressed the importance of peaceful conflict resolution and refraining from war in today’s era.
13. Achievements of India’s G20 Presidency:
India’s G20 Presidency was marked by ambitious initiatives, a focus on climate financing, and successful negotiations on various fronts.
14. Record Stock Market Valuation:
India’s strong economic growth and stock market performance set the stage for a significant presence at the G20 summit 2023.
15. Adoption of G20 New Delhi Leaders’ Declaration:
Prime Minister Modi officially declared the adoption of the G20 New Delhi Leaders’ Declaration, signaling the successful outcome of Day