India’s G20 presidency begins with its first key meet in Udaipur, and the significance of the meet was focused on inflation, economic slowdown and debt within the global sphere.

Kicking off the first G20 meet yesterday on 4th of December 2022, India is going to hold more than two hundred meetings in fifty cities across thirty two different workstreams.

The first G20 Sherpa meeting witnessed leaders taking part in it under India’s G20 presidency on Sunday, Dec. 4, 2022 at Udaipur.

Among the challenges global economy is facing today, the grave ones are rising global debt, runaway inflation, loss of employment along with the slowdown in growth. India’s G20 presidency’s first meet had these issue on the centrestage where the officials from forty countries converged on Sunday with the beginning of the first Sherpa track.

The first official G20 event chose Udaipur as the location for the meet providing a “spirituality invigorating” as well as “mentally rejuvenating”  experience, as per the MEA officials. The focus of the discussions was chosen on “looking beyond the crisis” towards building new ways for improving livelihood as well as towards moving to an ambitious, inclusive, action oriented and decisive development strategy.

At the first panel discussion on ‘Transforming Lives: Accelerating Implementation of SDGs’, India’s G20 Sherpa Amitabh Kant says that there is a huge challenge before the world today where we are in the midst of a looming turmoil. World fraternity is passing through a massive geopolitical crisis and that can be in Europe. Amidst the breakdown of global supply chains, world witnesses seventy countries suffering from global debt along with huge crisis of climate change as well as the climate finance is to be worked on. On G20 platform challenges of health, literacy belonging to a vast segments of population below the poverty line are the major points of concern.”