India Will Lead G20 Nations From Position Of Strength, Says IMF Director

India will assume the Presidency of the G20 for one year from December 1, 2022.

India is headed to lead the G20 countries from the position of "strength" and will leave a mark on the world for years to come during its next year's presidency, Managing Director of the IMF Kristalina Georgieva said on Thursday.

India will assume the Presidency of the G20 for one year from December 1, 2022. Under its Presidency, India is expected to host over 200 meetings of the G20 across the country. The G20 Leaders' Summit at the level of Heads of State/Government is scheduled to be held on 9 and 10 September 2023 in New Delhi.

Speaking to reporters on the sidelines of the annual meeting of the International Monetary Fund and the World Bank, Ms Georgieva said, "India deserves to be called a bright spot on this otherwise darker horizon because it has been a fast growing economy, even during this difficult times, but most importantly, this growth is underpinned by structural reforms." Prominent among the structural reforms are the "remarkable success" in digitalisation in India, from digital ID to providing all services and support on the basis of digital access," she said. "This has indeed been a huge factor for India's success," she said.

"And so, the country is now stepping into taking the lead on G20 from that position of strength, which makes me strongly believe that we will see India leaving a mark on the world for years to come during next year's presidency (of G20)," Ms Georgieva said.