The 11th G20 Summit 2016 began at the Chinese city of Hangzhou. Prime Minister Narendra Modi along with various world leaders, including US President Barack Obama and Chinese President Xi Jinping, are participating in the meeting in the capital city of South Eastern Zhejiang province.
The theme this year is ‘Towards an Innovative, Invigorated, Interconnected and Inclusive World Economy’. Key topics to be discussed at the two-day summit include global economic slowdown, raising protectionism, structural reforms to expand global trade and creation of jobs, innovation, inclusive growth and climate finance.
“India will engage constructively on all the issues before us and work towards finding solutions and taking forward the agenda for a robust, inclusive and sustainable international economic order that uplifts the socio-economic conditions of people across the world, especially those who need it most in developing countries
G-20:
The G20 (or G-20 or Group of Twenty) is an international forum for the governments and central bank governors from 20 major economies. It was founded in 1999 with the aim of studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of international financial stability.
The members of the G20 are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United States, and European Union.