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United G20 can navigate geopolitical tensions: Kant

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India stands to gain significantly from its presidency of the G20, says Amitabh Kant, the country’s G20 Sherpa. In his latest book “How India scaled MT G20,” Kant recounts the enormous efforts, including intense negotiations that were mounted to make it a success. In an interview to TOI, Kant talks on a range of issues, including the future of G20, amid geopolitical tensions. Excerpts:
What were the gains for economy from India’s presidency of G20?
India’s presidency of the G20 resulted in significant economic gains that will be felt for years to come. The leadership role allowed India to showcase its strengths, enhancing its global image and positioning it as a key player in shaping international economic policies. We opened doorways for attracting FDI, particularly from large multinational corporations looking for emerging markets. It has also positioned the country as a global hub for the MICE (Meetings, Incentives, Conferences, and Exhibitions) industry. Hosting over 220 meetings across 60 cities with more than 100,000 participants demonstrates India’s capability to manage large-scale international events. World-class venues like Bharat Mandapam and Yashobhoomi have gained international attention. Currently, India holds less than 1% of the $500 billion global MICE tourism market, but with enhanced infrastructure, India should aim to host every major global convention and exhibition. Establishing convention bureaus and improving destination management will be key steps towards realising this potential in MICE sector.
India showcased digital public infrastructure as a key theme at the meet. How successful was it ?
India’s spotlight on digital public infrastructure (DPI) at G20 proved highly successful, and the world has taken notice. After years of being overshadowed by big tech monopolies, India worked tirelessly throughout the year to demonstrate that there’s a better, more inclusive model for tech-driven growth at scale. India’s Unified Payments Interface (UPI) has already seen its implementation in Sri Lanka and Mauritius. India is in discussions with the US, regarding potential links between UPI and American private banks, indicating that the impact of DPI is not limited solely to the Global South, but is also being recognised by developed nations looking to enhance payment networks.
Did India’s threat to walk out from G20 help in forging consensus with the New Delhi declaration?
India’s threat to walk out of G20 discussions was not merely a negotiating tactic. It was a direct reflection of Prime Minister Modi’s stance that consensus must be a shared responsibility among all member nations. He had told me that following the failures of other global institutions like the UN and UNSC, it would be tragic if the G20 also failed to reach consensus. During our discussions, the PM had made it clear that if the G20 doesn’t work responsibly, India would seek responsible collaboration through other forums – because consensus for development was our primary objective, and that must be achieved at all costs.
How do you see the future of G20 given the geopolitical tensions?
Future of the G20 depends on maintaining this approach. As PM Modi envisioned for India’s G20 presidency, we must remain inclusive, ambitious, action-oriented, and decisive. By working on unity among developed and developing economies, we can navigate geopolitical tensions and deepen cooperation, ensuring the G20 remains a relevant and effective platform.





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