Dr.C.Muthuraja's Presentation on G20 Presidency and Indian Economy at PG Research Department of Economics, Saraswathi Narayanan College, Madurai, Tamil Nadu on 28.03.2023

1. G20 Presidency and Indian Economy
Dr.C.Muthuraja, M.A., M.Phil., PhD
Associate Professor and Head
Post Graduate and Research Department of Economics
The American College, Madurai - 625 002, TAMIL NADU
(cmuthuraja@gmail.com) - (M-09486373765)
(Presented at PG Department of Economics, Saraswathi Narayanan College, Madurai, Tamil Nadu on 28.03.2023)
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4. What is the G20?
 Argentina Australia
 Brazil Canada
 China France
 Germany India
 Indonesia Italy
 Japan Republic of Korea
 Mexico Russia
 Saudi Arabia South Africa
 Turkey United Kingdom
 United States The European Union
 Represent around 85% of the global GDP, over 75% of the global
trade, and about two-thirds of the world population
 The G20 was founded in 1999 after the Asian financial crisis
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6. G20 and India
Agenda
 To make sure global financial stability and
sustain sovereign debt
Aims and objectives
 Policy coordination between its members in
order to achieve global economic stability,
sustainable growth
 To promote financial regulations that reduces
risks and prevents future financial crises
 To create a new international financial
architecture
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10. India’s G -20 Presidency
 Presidency from 1 December 2022 to 30 November 2023
 Theme - “Vasudhaiva Kutumbakam” or “One Earth · One Family
· One Future”
 Affirms the value of all life – human, animal, plant, and
microorganisms – and their interconnectedness on the planet
 LiFE (Lifestyle for Environment) - environmentally sustainable
and responsible choices, leading to globally transformative
actions resulting in a cleaner, greener and bluer future
 Beginning of “Amritkaal”- towards a futuristic, prosperous,
inclusive and developed society, distinguished by a human-
centric approach at its core
 To use its leadership positions and positive economic situation to
act on the challenges to world peace and security as well as
economic growth, the environment, and culture
 recognising the role of startups in driving innovation that
responds to a rapidly changing global scenario
 Accelerating Progress on the SDGs
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11. G20 : Development Working Group
 The DWG is a platform to come together and prioritize
multilateralism, share solutions that promote growth,
remap development plans and achieve the SDGs
 G-20 Roadmap for Stronger Recovery and Resilience
in DCs, Least Developed Countries (LDCs) and SIDs
 It consists of Finance Track and the Sherpa Track
 Finance Ministers and Central Bank Governors lead the
Finance Track, while Sherpas lead the Sherpa Track
 The G20 process from the Sherpa Track is
coordinated by the Sherpas of member countries
 Engagement Groups - Bring together civil societies,
parliamentarians, think tanks, women, youth, labour,
businesses and researchers of the G20 countries
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12. INDIA...Since Independence
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14. Challenges - Indian Economy
 Population Density
 Poverty Problems
 Unemployment
 Payment Deterioration
 Poor Education
 Private Debt
 Fixed Labour Laws
 Inadequate Infrastructure
 Corruption
 High levels of Inflation
 An unstable Rupee
 Large current account deficit
 Infrastructure needs
 Growing Population
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Indian Economy…

16. INDIA...
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17. INDIA...Strengths
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18. INDIA...Strengths
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19. INDIA...Strengths
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20. INDIA...Strengths
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21. India @ 2047
 India at 100 Years of Independence
 Aspiration for India@2047 through Vision India@2047
 Focus on agriculture, urban landscape, infrastructure,
defence, science and technology, governance, banking, oil
and gas, etc.
 India turns 100 in the year 2047 - as the things have been
moving so fast that in next 25 years, the country will be the
world's technological and economic powerhouse
 By 2050, India is projected to be the world's second-largest
economy (overtaking the United States) and will account for
15% of the world's total GDP
 The economy growing has led to manifold changes in
people’s lifestyles, from the vibes in the city to the attitudes
in society and eventually the overall walk and talk of the
country and its inhabitants
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23. G20 Presidency: A Unique Opportunity for India
 Unique opportunity to showcase India's strengths to the entire
world
 Important role by finding pragmatic global solutions for the
wellbeing of all
 Path for the future of global economic growth through its size
and strategic importance
 Brings together the world's major and systemically important
economies
 Role of reforming the global financial system, and took
concrete, future-oriented action by mobilising fiscal stimulus
 Creating the Financial Stability Board (FSB) to promote
financial stability and reforming IFIs
 Lower trade costs, boost trade in services, enhance trade
finance, promote e-commerce development, and address
trade and development
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24.  Green Development, Climate Finance &
LiFE (Lifestyle for Environment)
 Accelerated, Inclusive & Resilient
Growth
 Accelerating progress on SDGs
 Technological Transformation & Digital
Public Infrastructure
 Multilateral Institutions for the
21st century
 Women-led development
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India's G20 Priorities

25. SWOT & Cautions
 S - A land of solar power and renewable energy technologies
 W - A country stricken by poverty
 O - Investments needed for 69 Indian countries (69 Cities)
 T - Hypertension affecting 40% of Indian youth
Cautions
 Growth is measured by how much it respects the rights of its citizens
 Until women are safe, no amount of ‘economic growth’ means a whit
 Each state has its own unique languages, culture, cuisine and
traditions
 Free from unemployment and every person to make their life worth
living
 Live in harmony and peace despite having different cultures and
religions
 Best educated and entrepreneurial, and so will occupy top posts across
the world in politics and business
 Population will rise to 1.6 billion, overtaking China
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26. ONE WAY…THE ONLY WAY…
 Consumers
 Producers
 Distributors
 Imports Dependent
 Exports Dependent
 Foreign Debt Dependent
ONLY WAY…
Since We have Largest Amount of
Consumers in the World
Be Indian…Buy Indian Products
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27. Towards Global Leader India
Role of
 INTERNATIONAL INSTITUTIONS - POLICIES
 UNION/STATE/LOCAL GOVENMENTS
 CORPORATE INDIA
 NON-GOVERNMENT ORGANISATIONS
 VOLUNTARISM THROUGH KNOWLEDGE, SKILLS AND
TECHNOLOGY
 YOUTH IDEAS & POWER (DEMOGRAPHIC DIVIDEND)
APPEAL
TOWARDS GLOBAL LEADER INDIA EDUCATION
PLEASE
EACH ONE IDEA ONE
IF NOT
EACH ONE MEET ONE AND IDEA ONE
(QUESTIONS PLEASE)
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