Day 85 – Q.3 How can the G-20 foster greater inclusivity and responsiveness to the needs of emerging economies and vulnerable populations, and what role can India play in shaping a more equitable and sustainable global order? Analyse.

How can the G-20 foster greater inclusivity and responsiveness to the needs of emerging economies and vulnerable populations, and what role can India play in shaping a more equitable and sustainable global order? Analyse.

जी-20 उभरती अर्थव्यवस्थाओं और कमजोर आबादी की जरूरतों के लिए अधिक समावेशिता और जवाबदेही को कैसे बढ़ावा दे सकता है, और अधिक न्यायसंगत और स्थायी वैश्विक व्यवस्था को आकार देने में भारत क्या भूमिका निभा सकता है? विश्लेषण करें।

Approach

Candidates can start the answer with basic idea of G20 also highlight how G20 brings the inclusivity and how can India with G20 can work for equitable and sustainable world.

Introduction

The G-20 (Group of Twenty) is an international forum consisting of 19 countries and the European Union (EU). The G-20 is made up of the world’s leading economies, representing about two-thirds of the global population and more than 80% of the world’s GDP.

Body

The G-20 has the potential to foster greater inclusivity and responsiveness to the needs of emerging economies and vulnerable populations by taking several measures. Some of the key ways that the G-20 can promote inclusivity are:

• Prioritize the needs of emerging economies: The G-20 must acknowledge the unique challenges faced by emerging economies and take steps to address them. This could involve prioritizing infrastructure development, providing access to financing, and promoting inclusive economic growth.
• Address the concerns of vulnerable populations: The G-20 must take into account the needs of vulnerable populations such as women, children, and marginalized communities. This could involve promoting policies that foster inclusive growth and reduce inequality.
• Increase transparency and accountability: The G-20 should increase transparency and accountability in decision-making processes, ensuring that all member countries have a say in shaping global policies.

Here are some ways that India can contribute to a more equitable and sustainable global order:

• Champion the needs of emerging economies: India can use its position in the G-20 to advocate for the needs of emerging economies, especially those in South Asia, Southeast Asia, and Africa.
• Promote inclusive economic growth: India can push for policies that foster inclusive economic growth and reduce inequality, such as investments in social infrastructure and healthcare.
• Advocate for climate change mitigation and adaptation: India can promote policies that address climate change and promote sustainable development. As a country that is vulnerable to the impacts of climate change, India can play a key role in shaping global climate policies.
• Strengthen transparency and accountability: India can push for greater transparency and accountability in decision-making processes at the G-20, ensuring that all member countries have an equal say in shaping global policies.
• Promote technology transfer: India is home to a thriving technology industry and has a wealth of experience in developing innovative solutions to some of the world’s most pressing problems. India can promote the transfer of technology to other G20 members, especially those in developing and emerging economies, to help them to grow and develop sustainably.

Conclusion

India can contribute to this goal by championing the needs of developing and emerging economies, promoting inclusive growth, advocating for climate change mitigation and adaptation, strengthening transparency and accountability, and promoting technology transfer. By working together with other G20 members, India can help to build a more equitable and sustainable world for all.