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Dr.C.Muthuraja's Presentation on G20 Presidency and Indian Economy.ppt
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)
SINCE 1881
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
SINCE 1881
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
SINCE 1881
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
SINCE 1881
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
SINCE 1881
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
SINCE 1881
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
SINCE 1881
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
SINCE 1881
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
SINCE 1881
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
SINCE 1881
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
SINCE 1881
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)
SINCE 1881