India to host G20 summit in 2022, to coincide with 75th anniversary of independence

 India will host the G20 Summit In 2022, when the country celebrates its 75th year of Independence, Prime Minister Narendra Modi said on Saturday during the ongoing meet of the international grouping in Argentina.

“In 2022 India completes 75 years since Independence. In that special year, India looks forward to welcoming the world to the G-20 Summit! Come to India, the world’s fastest growing large economy! Know India’s rich history and diversity, and experience the warm Indian hospitality,” PM Modi tweeted.

The G20 or Group of 20 started out in 1999 as a meeting of finance ministers and central bank governors of the world’s major economies whose leaders first met in 2008 to help rescue the global economy from the worst financial crisis in seven decades.

In a final statement from the two-day gathering in Argentina’s Buenos Aires, that has proved to be a major test for the G20, members called for reforms to the crisis-stricken World Trade Organization amid growing global trade tensions.

With a rise in nationalist sentiment in many countries, the group, which accounts for two-thirds of the global population and 85 percent of the global economy, faces doubts over its ability to deal with trade tensions and other geopolitical differences among its members.

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