AKIPRESS.COM - As a founding member of the G20, India has used the platform to raise issues of vital importance and those that impact on the most vulnerable around the world, Business Standard reported.

India will hold the Presidency of the G20 for the first time from December 1, 2022 to November 30, 2023, culminating with the G20 leaders’ summit in India in 2023. The country has been a member of the G20 since its inception in 1999.

India’s Cabinet of Ministers on Tuesday approved the setting up of a G20 Secretariat and related structures that will implement policy decisions and be responsible for arrangements for India’s forthcoming Presidency of the group in 2023.

The decision on setting up the secretariat and other structures was made at a cabinet meeting chaired by Prime Minister Narendra Modi.

“The G20 Secretariat will enable long term capacity building, including knowledge and expertise, for India’s leadership on global issues in multilateral fora,” the Cabinet Secretariat said in a statement.

G20 is the premier forum of the 20 largest economies of the world for international economic cooperation that plays an important role in global economic governance.

India in December last year joined the G20 Troika which consists of Indonesia, Italy, and India - the current, previous and incoming G20 Presidencies, respectively.

Indonesia has assumed the G20 Presidency and will convene various G20 meetings throughout 2022 culminating with the G20 Leaders’ Summit on 30-31 October 2022 under the overall theme of "Recover Together Recover Stronger”.

As a Troika-member, India will work closely with Indonesia and Italy to ensure consistency and continuity of the G20’s agenda.