This Article First Appeared In Indian Express On Nov 17, 2022.
The G20 Leaders Summit in Bali is the grand finale of Indonesia’s year-long presidency. The baton passes on to India on December 1, 2022. Ever since the G20 was recast as an annual apex-level summit in the aftermath of the 2008 global financial crisis, developing countries chaired it only on four occasions — Mexico in 2012, China in 2016, Argentina in 2018 and now, Indonesia in 2022. India’s presidency marks the fifth such occasion. In a historic first for developing countries, the G20 troika after December 1 will comprise the past, the incoming and the next G20 presidencies, i.e., Indonesia, India and Brazil.