As the annual G-20 summit concluded last week in Bali, India took over the group’s presidency from Indonesia. The leadership opportunity could not have come at a better time for New Delhi. In September, India became the world’s fifth-largest economy, displacing the United Kingdom, its former colonizer. Described by the International Monetary Fund as a “bright spot” amid a global economic slowdown, India’s economy is projected to grow by 6.8 percent in fiscal year 2022—second only to Saudi Arabia and much faster than the G-7 economies.
India’s G-20 Presidency Is a Golden Opportunity | ORF (orfonline.org)