Recently, G-7 Summit was postponed by the US President citing the Covid-19 pandemic.
He also expressed his desire to expand the Group to G10 or G11, where he wanted to include India, Russia, Australia and South Korea also.
Important value additions
The G-7 or ‘Group of Seven’
It is an intergovernmental organisation that was formed in 1975 by the top economies of the time as an informal forum to discuss pressing world issues.
G-7 includes countries of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
It is an annual summit that is presided over by leaders of member countries on a rotational basis.
Wide range of global issues is discussed at the summit.
Russia was expelled as a member in 2014 following the latter’s annexation of the Crimea region of Ukraine.
It does not have a permanent headquarter.
The decisions taken by leaders during annual summits are non-binding
