THE KEY POINT OF G20 BHARAT

 The G20 Summit is over

India got pretty much everything it wanted

Here's everything India achieved in 5 points

. Consensus on Ukraine This was THE issue that was going define how the world saw India's stewardship of the G20 That's because the grouping was divided on the Ukraine war While Russia and China wanted to avoid discussion on Ukraine, Western nations wanted to condemn Russia

This issue has blocked consensus throughout 's G20 Presidency Had Delhi failed to achieve consensus and release a joint declaration, the G20 summit may have been described as a failure Eventually, a compromise was brokered that significantly toned down criticism of Russia

It was widely accepted (including by me) that India would be unable to forge a consensus on Ukraine We were wrong Delhi managed to get a joint declaration which will go down as THE big takeaway from this summit It will prove beneficial to India's diplomatic reputation

. African Union becomes G20 member The 55-nation AU became a member of the G20 today This was a significant move for India, which has try to project itself as a Voice of the Global South New Delhi can now concretely point to its record of pushing developing country concerns

. Economics Two major things stand out: debt relief and reform of international institutions On debt, poor countries have been struggling since the COVID-19 pandemic with high debt levels Efforts to work together & bail them out (including by the G20) have been slow

India managed to speed up this process by getting consensus to help new countries like Ghana, Zambia and Ethiopia The major story was also reform of institutions like World Bank & IMF Experts have called for them to lend more money for climate change & to help poor nations

At this G20 Summit, countries agreed to consider major recommendations to reform these global institutions This will allow them to spend billions on global priorities over the next decade Besides this, progress on highly complex global tax reforms also took place

. Technology First, countries agreed to consider regulations on cryptocurrencies given the threat they pose to the stability of the financial system Second, India successfully pushed Digital Public Infrastructure (basically Aadhar, UPI) as a means of financial inclusion

This is expected to help India to export its homemade tech solutions across the developing world This further boosts its international reputation as a provider of global solutions

. Climate Change The India-led Global Biofuel Alliance was also launched today The goal: To "take an initiative at a global-level to take ethanol blending in petrol up to 20%" This is part of India's larger clean energy push & will help boost 's image abroad