India on Wednesday, December 1, 2021, joined the G20 ‘Troika’ which now consists of Indonesia, Italy, and India – the current, previous and incoming G20 Presidencies, respectively.
What is Troika?
Troika means a group of three. It is an English word. The Troika of G20 is made of the current, next and immediate past host countries. The Troika ensures continuity and provides presidency support.
The G20 is the premier forum for international economic cooperation, which reflects a recognition that global prosperity is interdependent and our economic opportunities and challenges are interlinked. G20 countries have come together to better prepare for the future.
India is a founding member of the G20. India has used the platform to raise issues of vital importance and those that impact on the most vulnerable around the world.
Indonesia has assumed the G20 Presidency and will convene various G20 meetings. As a Troika-member, India will work closely with Indonesia and Italy to ensure consistency and continuity of the G20’s agenda.
India to take over presidency in 2022
India will assume the G20 Presidency on 1 December 2022 from Indonesia, and will convene the G20 Leaders’ Summit for the first time in India in 2023.