India G20 presidency in 2023: what it means and expected

India began its year-long presidency at the Group of 20 (G20) this week, taking over from Indonesia during geopolitical tumult and uncertainty for the Post-pandemic economic recovery. Formed in the wake of the financial Crisis that swept throughout Southeast Asian economies in many late 1990s as a forum for the Finance ministers and central Bank governors, the G20 had upgraded in 2007 to include heads of state and governments. During and after the 2008 global financial Crisis, the G20's coordinated efforts helped tamp down panic and restore economic growth.

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