The ‘One Family, One Earth, One Future’ goal and idea are embodied in the G20 Summit Declaration, and the incorporation of the African Union in the world’s economic conference grouping will improve relations with the continent. Chandrasekaran, who is also the Chief Executive Chairman of Tata Sons, described the Declaration as “a significant achievement of our Presidency of the G20 under Prime Minister Narendra Modi.”
Business leaders from the G7 have embraced India’s G20 theme of “One Earth, One Family, One Future” and emphasized the importance of achieving sustainable growth that is conducive to the preservation of the environment worldwide.
The theme of India’s G20 Presidency—”VasudhaivaKutumbakam” or “One Earth, One Family, One Future”—was announced by Prime Minister Narendra Modi last year and is taken from the classical Sanskrit work of the Maha Upanishad.
The subject essentially emphasizes the worth of all life, including human, animal, plant, and microbial life, as well as the connectivity of all life on Earth and across the universe.
“It is crucial to first achieve sustainable growth through building a problem-solving society that is equipped with both digital technology and the imagination and creativity of a diverse population.
Even in the G-20 agenda, we must continue to give women-led development top priority. Future generations won’t be able to benefit from economic progress or technical innovation without peace and stability.
The G-20 must send a clear message in support of harmony and peace. One Earth, One Family, One Future, the theme of India’s G-20 Chairmanship, fully encapsulates all of these concerns. Hon. Indian Prime Minister Shri Narendra Modi.
The Group of Twenty (G20) is the premier organization that brings together the European Union, 19 nations (including “Argentina, Brazil, Australia, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, USA and etc”). The Group of Twenty discusses the most important global economic issues.
Over 75% of global trade, approximately two-thirds of the world’s population, and about 85% of the world’s GDP are all represented by G20 members. The G20 is important in strengthening the global governance and infrastructure for all the major global economic issues.
It was established in 1999 to debate international economic and financial concerns, and the sole participants were finance ministers and governors of central banks. However, in 2008, during the worldwide financial crisis, it was raised to the position of Heads of State or Government. In 2009, it was recognized as the top platform for global economic cooperation.
India will serve as the G20’s rotating presidency from 1 December 2022 to 30 November 2023, which is a proud time for the nation. The G20 Summit is held yearly under a rotating presidency.
As India assumes leadership of the G20, the globe is experiencing a recession in the economy, the negative impacts of the COVID-19 pandemic, skyrocketing energy and food costs, climate change, the digital gap, etc. These are severe concerns that require coordinated efforts to address.
One Earth, One Family, One Future, which acknowledges the importance of all life possible, is the theme of India’s G20 Presidency. The priorities India has set for the G20 are noteworthy and include multilateral institutions for the twenty-first century, women-led development, accelerated, inclusive, and resilient growth, as well as sustainable growth, financing for climate change, and LiFE (Lifestyle for Environment). The country will host more than 200 G20 meetings, which have already begun as of December 2022.
Climate change is one of the important priorities for India as it looks to focus on climate finance as well as technology with a mindset to ensure energy transitions for developing nations.
The LIFE (Lifestyle for Environment) campaign, which promotes the adoption of environmentally beneficial behaviours, is a successful move that complements India’s significant VasudhaivaKutumbakam G20 theme. In order to promote labour rights, close the global skills gap, and infuse the spirit of commerce globally, our nation also aspires to integrate Micro, Small, and Medium-Sized Enterprises (MSMEs) with international trade.
The Sustainable Development Goals, which aim to eradicate poverty, hunger, AIDS, and discrimination against women and girls, have been given priority in India. India is focusing on increasing the representation of women in leadership roles in order to provide the Sustainable Development Goals for economic for socioeconomic development a healthy boost.
The notion of using data for growth will play a significant role in the G20 theme, VasudhaivaKutumbakam, despite the fact that our government is opening up digital access to the public. This is because there is still a significant digital divide globally.
Over 40% of global payment transactions in 2021 were made through the Unified Payments Interface (UPI), a quick real-time payment system created by the National
India’s Payments Corporation. Based on digital identity, 460 million new financial accounts have been created in India. The immunization campaign was a resounding success thanks to the CoWIN platform, a website for COVID-19 vaccine registration.
The G20 Presidency being assumed by India, the mother of democracy, is a time for all citizens of the nation to feel proud. This year, the G20 will also be held in the Union Territory of Jammu and Kashmir, which is a significant occasion for the region. India’s G20 presidency is an opportunity to highlight its extraordinary diversity, enduring traditions, and cultural depth.
As stated by Shri Narendra Modi, the Hon’ble Prime Minister of India, “Let us join together to make India’s G20 Presidency a Presidency of healing, harmony, and hope. More than 200 G20 meetings in India will undoubtedly give momentum to the Sustainable Development Goals, advances in technology, digital infrastructure improvements, women-led development, etc. Let’s collaborate to create a new paradigm for globalization that is focused on people.
CONCLUSION
In conclusion, India’s G20 Presidency in 2022, guided by the theme “One Earth, One Family, One Future,” signifies a pivotal moment for global collaboration. With over 75% of global trade and a significant share of the world’s population and GDP, the G20 plays a central role in shaping international economic policies. India’s leadership underscores sustainability, climate action, women’s empowerment, and digital inclusivity. Initiatives like the LIFE campaign and support for MSMEs reflect its commitment to inclusive growth and environmental responsibility. Through over 200 G20 meetings, India aims to forge a path toward a more equitable and sustainable world, embodying the principle of “VasudhaivaKutumbakam,” emphasizing our shared global destiny.
