New Delhi (NVI): India will host the Summit of G-20 developed nations in 2022, Finance Minister Nirmala Sitharaman said today in an announcement which marks a major development for the country.
Sitharaman, while presenting the Union Budget in the Lok Sabha, said hosting the Presidency will enable India to drive the global economic agenda.
The Summit will be held in a year when India celebrates 75 years of its Independence, she noted.
“Rs 100 crore have been allocated for making preparations for this historic occasion, where India will drive global economic agenda,” Sitharaman said.
The G-20 is a grouping of developed nations and the European Union and it will be the first time that its Summit will be held in India.
Besides India, members of G-20 are the US, UK, Canada, France, Germany, Japan, China, Italy, Argentina, Australia, Brazil, Canada, Indonesia, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, and the European Union.
This year’s G-20 Summit is being hosted by Saudi Arabia. The 2019 G-20 Summit was held in Osaka, Japan.
