India’s G20 presidency will provide an international platform to highlight how the US-India economic partnership is shaping global economic growth, prosperity and resilience in the 21st century, a leading American economic body said.
India officially took over the G20 presidency on Thursday.
The US India Business Council (USIBC) welcomed India as the new President of the G20 and said it will work with the governments of India and the United States to expand the partnership for the good of the world.
India’s G20 presidency will provide an international platform to highlight how the US-India economic partnership is shaping global economic growth, prosperity and resilience in the 21st century, it said on Friday.
Earlier in the day, US President Joe Biden said India is a strong partner for the United States and he looks forward to supporting my friend Prime Minister (Narendra) Modi during India’s G20 presidency.
Together we will drive sustainable and inclusive growth while tackling common challenges like climate, energy and food crises, Biden tweeted.
India has an opportunity to forge G20 action amid unprecedented challenges, tweeted Nisha Desai Biswal, senior vice president for International Strategy and South Asia at the US Chambers of Commerce.
India’s G20 presidency reinforces its role as an emerging leader in the global scenario, said Mukesh Aghi, President and CEO of the US India Strategic and Partnership Forum.
“The leadership also gives a stronger voice to the challenges facing developing countries as New Delhi leads the way with its increasingly expanding economy,” he said.
“New Delhi can strive to build an inclusive ecosystem with holistic mechanisms to address key global issues for the private sector,” he said.
The G20, or Group of 20, is an intergovernmental forum of the world’s major developed and developing countries.
It includes 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 Europe Union (EU).
Together they make up over 80 percent of global gross domestic product, 75 percent of international trade and two-thirds of the world’s population.
(Only the headline and image of this report may have been edited by Business Standard contributors; the rest of the content is auto-generated from a syndicated feed.)
