INDIA ' S PRESIDENCY TO BE A SIGNIFICANT MILESTONE FOR THE PLANET
EDITOR ’ S DESK
INDIA ' S PRESIDENCY TO BE A SIGNIFICANT MILESTONE FOR THE PLANET
The ideas “ Hope , Harmony , Peace and Stability ” are dire need of the planet as Covid- 19 , the Russia-Ukraine conflict , and China ' s hegemony over supply chains have forced countries to look inwards and take more protectionist measures . On the other , a looming global recession , climate change and energy transition , a strong need for a resilient g l o b a l h e a l t h c a r e s y s t e m , d i g i t a l transformation , unemployment , and a rising poor-rich divide are just some of the issues forcing countries to sit together and have a conversation beyond their own self-interest . Amidst these shadows , India has assumed the presidency when the world is confronting various problems . With geopolitics at its highest point , it seems like an enormous task for India to sail through these rocky waters . It poses multifaceted challenges for the member nations , and they will be eager to know the Indian viewpoint on each issue . India acknowledged the impending consequences of economic decline , growing global poverty , and t h e d e l a y i n a c h i e v i n g S u s t a i n a b l e Development Goals . The G20 was an alienated house , with several leaders abdicating their responsibility to find a peaceful solution in Ukraine . Political leaders must address the root cause of the food , fuel , and fertiliser crises , the Ukraine conflict , and related sanctions . In this regard , the stamp of Indian diplomacy by way of PM Narendra Modi ' s statement , “ Today ' s era is not of war ,” resonated well . A finely balanced outcome by the contending groups saved the Bali summit . India now faces the challenge of taking the lead and getting both warring sides on the negotiation table to end the conflict .
The spirit of India ' s G20 chairmanship is manifested in the theme of ' One Earth , One Family , One Future ' enshrined in the ancient
2 Economic Challenger // ISSN 0975-1351 / Volume 25 / Issue 99 , April-June 2023