Prime Minister Narendra Modi has offered to host the G20 Summit in 2022, the year the country will celebrate the 75th Independence Day. The announcement was made by him, at the closing ceremony of the two-day summit held in Argentina’s captial Buenos Aires.
“In 2022 India completes 75 years since Independence. In that special year, India looks forward to welcoming the world to the G-20 Summit! Come to India, the world’s fastest growing large economy! Know India’s rich history and diversity, and experience the warm Indian hospitality,” PM Modi tweeted after making the announcement.
Originally, Italy was to host the this event in 2022. However, with Modi’s persuasion it agreed to leave the opportunity to India. Thanking Italy for allowing India to play the host, Modi invited G-20 leaders to India in 2022, which also marks the 75th anniversary of India’s Independence. The G-20 is a grouping of the world’s 20 major economies.
G-20 members comprise Argentina, Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the UK and the US.
Collectively, the G-20 economies account for nearly 90 per cent of the gross world product, 80 per cent of world trade, two-thirds of the world population, and approximately half of the world land area. Spain is a permanent guest invitee.