G20 : Economic Cooperation ahead

P20: A parliamentary dimension to global governance

Note4Students

From UPSC perspective, the following things are important :

Prelims level: G-20, P-20 and key outcomes

Mains level: India's role in shaping international economic and environmental agendas, G20

What’s the news?

  • India’s leadership role in the G20 reflects its growing importance and influence in global politics.

Central idea

  • India celebrated its 74th Republic Day earlier this year, commemorating the adoption of the Constitution of India on January 26, 1950, marking the nation’s transition to a sovereign republic. This year, India’s Republic Day holds special significance as the country assumes the presidency of the G20, an influential forum comprising the world’s leading advanced and emerging economies.

India’s Democratic Success Story

  • India’s journey as the world’s largest inclusive democracy, characterized by its multi-dimensional diversity and pluralistic society, is both fascinating and inspiring.
  • Despite formidable challenges in the form of illiteracy and widespread poverty, India’s visionary Constitution makers established a multi-party democratic political system immediately after gaining independence.
  • Overcoming these hurdles, India has consistently conducted free and fair elections through its independent constitutional body, the Election Commission of India, solidifying its democratic credentials.
  • In a world where many post-colonial nations grappled with political turbulence, India’s commitment to electoral democracy stood as a beacon of hope.

Socio-Economic Development and Increased Political Participation

  • Socio-Economic Progress:
  • India’s ascent as a democratic republic has been accompanied by substantial socio-economic advancements.
  • Over the decades, the nation has made significant strides in alleviating poverty, expanding access to education, improving healthcare, and developing infrastructure.
  • These achievements have not only improved the standard of living but also fostered a sense of inclusion among its diverse population.
  • Youth Empowerment:
  • India’s burgeoning youth population has emerged as a potent force in shaping the country’s political landscape.
  • Young people are increasingly active in civic participation, advocating for change, and driving social and political discourse.
  • This dynamism reflects a commitment to democratic principles and a desire to influence the nation’s direction.
  • Rising voter turnout:
  • India’s commitment to democratic values is vividly demonstrated through the consistently rising voter turnout in elections.
  • Citizens across the country recognize the power of their votes in shaping the destiny of the nation.
  • This surge in political engagement underlines the vibrancy of India’s democracy.
  • Empowerment of women:
  • A heartening trend in India’s democratic journey has been the growing participation of women in both electoral processes and political leadership.
  • The increased representation of women at various levels of governance not only strengthens democracy but also promotes gender equality and diversity in decision-making.
  • Diverse Political Landscape:
  • India’s democracy has evolved into a dynamic and diverse political arena. A multitude of political parties, each representing unique constituencies and interests, actively participate in the democratic process.
  • This pluralism underscores India’s commitment to accommodating a wide range of perspectives and voices.

India’s G20 Presidency

  • Global Significance: The G20, comprising the world’s most advanced and emerging economies, is a forum of immense global significance. India’s presidency in this forum signifies its ascent as a major player in international affairs.
  • Showcasing India: Hosting G20 meetings in India provided a unique opportunity to showcase the nation’s diversity, culture, democracy, development, and technological prowess to the global community. It allowed India to present its story as a positive model of pluralistic democracy and development, inspiring other nations, particularly in the Global South.
  • Covid Pandemic Response: India’s handling of the COVID-19 pandemic further solidified its reputation as a responsible global leader. Its ability to manage the crisis, provide vaccines to other nations, and contribute to global efforts for containment and recovery demonstrated its commitment to international cooperation.
  • Bilateral and Multilateral Engagement: During its G20 presidency, India engaged in important bilateral and multilateral discussions, fostering partnerships and addressing global challenges. Key agreements, such as the India-Middle East-Europe Economic Corridor Agreement and the Global Biofuels Alliance, highlighted India’s role in shaping international economic and environmental agendas.

Outcomes of the G20 Summit

  • Economic Advancements: The G20 New Delhi Summit also served as a platform to showcase India’s contemporary technological advancements and its rich heritage, culture, and traditions. It energized the international economy, promoted tourism, enhanced food security through millet production, and deepened commitments to sustainable biofuels.
  • Food Security: The summit emphasized stronger food security through millet production and consumption. This initiative aligns with global efforts to enhance food sustainability and ensure a stable food supply for growing populations.
  • Commitment to Biofuels: India’s leadership in the G20 Summit deepened its commitment to sustainable biofuels. This focus on clean energy sources aligns with global efforts to combat climate change and reduce carbon emissions.
  • Key Agreements: Notably, the G20 Summit witnessed the conclusion of significant agreements, including the India-Middle East-Europe Economic Corridor Agreement and the Global Biofuels Alliance. These agreements are of considerable significance in shaping international economic and environmental agendas.

P20 (Parliamentary 20)

  • The P20 (Parliamentary 20), which has evolved significantly since its inception in Canada in 2010, exemplifies the importance of parliamentary participation in shaping the global agenda.
  • It has garnered social acceptance and legal tenability in participating countries, emphasizing the importance of involving elected representatives in international decision-making.

The Role of Parliament in Global Governance

  • Supreme Law-Making Body: Parliament is the supreme law-making body in any democratic nation, representing the will and aspirations of its citizens. In the context of global governance, the role of parliament is essential, as it ensures that international agreements and commitments align with the interests and values of the people it represents.
  • Democratic Accountability: Parliament’s participation in global governance adds a layer of democratic accountability to international agreements and treaties. When elected representatives endorse these agreements, they become socially acceptable and legally binding within their respective countries.
  • Bilateral and Multilateral Engagement: Parliaments also engage in bilateral and multilateral discussions, further fostering partnerships and addressing global challenges. Their involvement helps shape the direction of international cooperation and ensures that agreements benefit their respective nations.

P20 Summit Agenda

  • The upcoming P20 Summit, hosted by the Indian Parliament, exemplifies the parliamentary dimension’s significance in global governance.
  • The summit’s four high-level sessions, focusing on themes such as Sustainable Development Goals, Sustainable Energy Transition, Gender Equality, and Public Digital Platforms, will facilitate wide-ranging discussions among G20 members and guest countries on how parliaments can effectively advance global objectives.

What else: Emphasizing Environmental Responsibility

  • The LiFE is Beautiful initiative, recognizing environmentally conscious communities as Pro-Planet People” (P-3), demonstrates India’s commitment to sustainability and responsible living.

Conclusion

  • This year’s P20 Summit theme, One Earth, One Family, One Future, reflects the spirit of unity and shared responsibility. India’s journey from Republic Day to G20 leadership is a testament to its democratic strength and its increasingly influential role in shaping the global future.

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