Why in News?

• Prime Minister Shri Narendra Modi unveiled the Logo, Theme and Website of India's G20 Presidency.

Logo

• The G20 logo draws inspiration from the vibrant colours of India's national flag – saffron, white and green, and blue.
• It juxtaposes planet Earth with the lotus, India's national flower that reflects growth amid challenges.
• The Earth reflects India's pro-planet approach to life, one in perfect harmony with nature.
• Below the G20 logo is “Bharat”, written in the Devanagari script.
• The logo was decided after an open competition for the logo design organized on MyGov portal.

Theme

• The theme of India's G20 Presidency - “Vasudhaiva Kutumbakam” or “One Earth One Family One Future”
• It is drawn from the ancient Sanskrit text of the Maha Upanishad.
• Theme affirms the value of all life – human, animal, plant, and microorganisms – and their interconnectedness on the planet Earth and in the wider universe.
• The theme also spotlights LiFE (Lifestyle for Environment), with its associated, environmentally sustainable and responsible choices, both at the level of individual lifestyles as well as national development, leading to globally transformative actions resulting in a cleaner, greener and bluer future.

G20 Website

• The website of India's G20 Presidency www.g20.in was also launched.
• The website will seamlessly migrate to the G20 Presidency website www.g20.org on 1 December 2022, the day India takes over the G20 Presidency.

G20 App

• In addition to the website, a mobile app "G20 India" has been released on both Android and iOS platforms.

About G20

• The Group of Twenty (G20) is the premier forum for international economic cooperation.
• Plays an important role in shaping and strengthening global architecture and governance on all major international economic issues.

Inception of G20

• It was founded in 1999 after the Asian financial crisis.
• It act as a forum for the Finance Ministers and Central Bank Governors to discuss global economic and financial issues.

Focus Area

• The G20 initially focused largely on broad macroeconomic issues.
• But it has since expanded its agenda to inter-alia include trade, climate change, sustainable development, health, agriculture, energy, environment, climate change, and anti-corruption.

Elevation to leader's level

• It was upgraded to the level of Heads of State/Government in the wake of the global economic and financial crisis of 2007, and, in 2009, was designated the “premier forum for international economic cooperation”.
• The G20 Summit is held annually, under the leadership of a rotating Presidency.

G20 Members

• Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom and United States and the European Union.

The Numbers:

The G20 members represent

• Around 85% of the global GDP,
• Over 75% percent of the global trade,
• About two-thirds of the world population.