In a joint statement issued on Monday, the leaders of the G-7 countries on Monday came out in support of India's presidency of G-20 countries and reiterated their commitments towards an equitable world.    

“Under the German Presidency, we, the G7, together with other international partners, have demonstrated our resolve to jointly address both major systemic challenges and immediate crises of our time. Our commitments and actions pave the way for progress towards an equitable world,” leaders of G-7 countries said in a joint statement. 

“As we look to the 2023 G7 Summit in Hiroshima under the Japanese Presidency, and in our support to the Indian G20 Presidency, we stand strong, united and absolutely committed to rebuilding a peaceful, prosperous and sustainable future for all,” the statement further added. India formally assumed the G20 Presidency on December 1.

India formally assumed the G20 Presidency on December 1.

Prime Minister Narendra Modi said India would work to further promote oneness, inspired by the theme of ‘One Earth, One Family, One Future’ and listed terror, climate change, pandemic as the greatest challenges that can be best fought together. 

PM Modi said that India's G20 priorities will be shaped in consultation with not just our G20 partners, but also our fellow travellers in the global South, whose voice often goes unheard.

India's G20 agenda will be inclusive, ambitious, action-oriented and decisive, he said. The next G20 Leaders' Summit at the level of Heads of State/Government is scheduled to be held on September 9 and 10 in New Delhi. The G20 or Group of 20 is an intergovernmental forum of the world's major developed and developing economies.

It comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US and the European Union (EU). Together, they account for over 80 percent of the global Gross Domestic Product, 75 percent of international trade and two-thirds of the world population.

Image source: PTI