India is set to be the G20 Chair in 2018, and New Delhi could host the prestigious annual G20 summit. The G20 member nations took a decision on the Chair for 2018. China is chairing the G20 in 2016, followed by Germany in 2017 and then the Chair will pass on to India for 2018. The G20 operates as a forum and not as an organisation. One of the G20 countries is selected to hold the Chair in rotation, also known as ‘G20 presidency’.

G-20 Countries

• The Group of Twenty (also known as the G-20 or G20) is an international forum for the governments and central bank governors from 20 major economies.
• The members include 19 individual countries—Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan,South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States—along with the European Union (EU).
• In December 2014, Turkey took over the presidency of the G-20 from Australia, and will host the group’s 2015 summit in Antalya.