Commerce and Industry Minister Piyush Goyal has been appointed as India’s Sherpa for the G20 which is an influential grouping that brings together the world’s major economies. The next G20 Summit is scheduled to take place from 30th to 31st of next month under Italian Presidency. India will be holding the G20 Presidency from 1st December 2022 and will convene the G20 Leaders’ Summit in 2023 for the first time. India will be part of the G20 Troika (preceding, current, and incoming G20 Presidencies) from 1st of December this year till 30th November 2024. Prime Minister Narendra Modi has been leading India’s representation at G20 Summits since 2014. India has been a member of the G20 since its inception in 1999.
G20 is major international grouping that brings together 19 of the world’s major economies and the European Union, with its members accounting for more than 80 per cent of global GDP, 75 per cent of global trade and 60 per cent of global population.