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India to host G20 Summit in 2022
Why is it in news?
- India will host the G20 summit in 2022, to coincide with the 75th anniversary of its Independence.
- Narendra Modi said that it is India’s 75th Independence Day in 2022 and we had requested Italy if we can get 2022 instead of 2021.
- They accepted our request and everyone else also accepted it.
- I’m grateful and I invite leadership from across the world to come to India in 2022.
- The G20, which comprises 19 countries and the EU, groups the countries into four blocs of four and one of three, and the nations in each group bid for the summit when their turn comes.
- Japan will host the 2019 summit, Saudi Arabia in 2020, and Italy in 2021 before India hosts it in 2022.
- The summit involves hosting heads of State and government from 19 nations simultaneously, which is a logistical and security nightmare.
- Apart from that, the host nation is usually also expected to hold the meetings of finance ministers and central bank governors of the member states over the year.
Source
The Hindu