Explain India and G-20.
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India, as the world's third-largest economy by purchasing power parity, is an active participant in the Group of Twenty (G-20). The G-20 is a forum comprising major advanced and emerging economies, representing about 85% of the global GDP.
India engages in the G-20 to address global economic challenges, promote financial stability, and foster sustainable development. As a member, India advocates for inclusive and equitable growth, addressing issues such as poverty, climate change, and social development.
India's participation in the G-20 allows it to contribute to shaping international economic policies, exchange ideas, and collaborate on global economic governance. India emphasizes the importance of collective action to address shared challenges and promotes policies that prioritize the needs of developing nations.
As a rapidly growing economy with diverse development challenges, India's role in the G-20 is integral to fostering a more balanced and inclusive global economic order, reflecting the changing dynamics of the world economy.