G20 India Summit

Here's everything Bharat achieved:

1⃣ Consensus on Ukraine

This was 'The ISSUE' that was going define how the world saw India's stewardship of the G20.
That's because the grouping was divided on the Ukraine war.

While Russia and China wanted to avoid discussion on Ukraine, Western nations wanted to condemn Russia.

This issue has blocked consensus throughout Bharat's G20 Presidency.

Had Bharat failed to achieve consensus and release a joint declaration, the G20 summit may have been described as a failure.
Eventually, a compromise was brokered that significantly toned down criticism of Russia

It was widely accepted that Bharat would be unable to forge a consensus on Ukraine

We were wrong!!

👉🏿Bharat managed to get a joint declaration which will go down as THE BIG TAKEAWAY from this Summit

It will prove beneficial to India's diplomatic reputation.

2⃣ African Union becomes G20 member.

The 55-nation AU became a member of the G20 today. This was a significant move for Bharat, which has try to project itself as a Voice of the Global South.

Bharat can now concretely point to its record of pushing developing country concerns.

3⃣ Economics

Two major things stand out: Debt Relief and Reform of International Institutions.

On debt, poor countries have been struggling since the COVID-19 pandemic with high debt levels. Efforts to work together & bail them out (including by the G20) have been slow.

Bharat managed to speed up this process by getting consensus to help new countries like Ghana, Zambia and Ethiopia.

The major story was also reform of institutions like World Bank & IMF. Experts have called for them to lend more money for climate change & to help poor nations.

At this G20 Summit, countries agreed to consider major recommendations to reform these global institutions. This will allow them to spend billions on global priorities over the next decade.
Besides this, progress on highly complex global tax reforms also took place.

4⃣Technology

First, countries agreed to consider regulations on cryptocurrencies given the threat they pose to the stability of the financial system

Second, Bharat successfully pushed Digital Public Infrastructure (basically Aadhar, UPI) as a means of financial inclusion.

This is expected to help Bharat to export its homemade tech solutions across the developing world. This further boosts its international reputation as a provider of global solutions.

5⃣ Climate Change

The Bharat-led Global Biofuel Alliance was also launched today.
The goal: To "take an initiative at a global-level to take ethanol blending in petrol up to 20%"

This is part of Bharat's larger clean energy push & will help boost Bharat's image abroad.

China and it's Indian franchise Congress tried their best not to have any joint declaration but they failed misably

Bharat got pretty much everything it wanted

This was the most successful G20 till date