G20 Brazil Summit: Is G7 finally making way for emerging economies?
1 month, 3 weeks ago

G20 Brazil Summit: Is G7 finally making way for emerging economies?

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In making the G20 agenda much more holistic, emerging economies have sought to focus on the needs and concerns of developing and least developed countries As the G20 summit starts Monday in Rio de Janeiro, the intra-G20 equations have seen the industrialised Group of Seven nations making way for a greater role for the emerging economies. Here, along with the Ukraine and Gaza wars complicating their consensus building, this period has seen emerging economies making G20 deliberations overcast by Global South perspectives as their new meeting point. The mood in New Delhi had also lightened given that the African Union had joined as the 21st member of the G20, shifting the focus and building convergences on the novel idea of the ‘Global South’ and its needs and perspectives. India’s three ‘Voice of Global South Summits’ have since made ‘Global South’ a new catalyst facilitating this drift from G7 to emerging economies as well as for intra-G20 consensus building.

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