At a time of both potential and peril, India has taken over the G20 presidency. The global food, energy, and financial crises have been exacerbated by the climatic crisis and India has a unique opportunity to lead from the front of one of the most influential global platforms. India has identified several priorities, i.e. green development, climate finance and LiFE (lifestyle for environment); accelerated, inclusive and resilient growth; accelerating progress on Sustainable Development Goals (SDGs); technological transformation and digital public infrastructure; multilateral reforms; and women-led development. Given that the priorities are global, the motto “Vasudhaiva Kutumbakam”, or “One Earth, One Family, One Future”, underscores how interconnected our world is.

 

Being the only G20 member from South Asia, India has added responsibilities since many non-G20 nations (particularly those in the global South) look upon India to represent their interests at the G20, whose choices have an impact on their future prosperity and well-being. All eyes are on India’s G20 leadership to provide a road map _____ tackle some of the major challenges before the subcontinent at a time when multilateralism itself is experiencing a crisis of relevance.

 

Because wealthy economies have disproportionate power and influence in determining the rules of engagement on international cooperation, trade, and finance, global governance is historically tilted in their favour. Often it ends up having a negative impact on the ability to provide realistic solutions to constituents such as South Asia to address issues such as development, trade, climate action, energy transition and digital transformation. India should use its G20 chair to reform international governance procedures and ensure fair negotiations. As sceptics keep debating the G20’s value and significance, the South Asian giant has an opportunity to initiate deliberations, discussions, and debates, in turn resulting in policies that provide pragmatic solutions to pressing concerns affecting its immediate neighbourhood and beyond.