Vol. 18: April 2023
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Expected Date of Visibility on Website: 4-7-2023
I hope this editorial note finds you in good health and high spirits. I wanted to take a moment to highlight an incredibly significant milestone that India recently achieved - its presidency of the G20 - a forum of the world's 20 largest economies. India assumed the presidency of the G20 on December 1, 2022, and will hold the presidency until November 30, 2023. This will be a significant opportunity for the country to showcase its leadership on the global stage in a rapidly changing world. The theme of India's G20 presidency is “Vasudhaiva Kutumbakam” or “One Earth, One Family, One Future”.
This prestigious responsibility further underscores India's growing stature and influence on the global stage, as it becomes the first South Asian nation to assume this pivotal role. This appointment not only reflects the recognition of India's economic strength and potential but also acknowledges its commitment to promoting inclusive and sustainable growth on a global scale. With a population exceeding 1.3 billion people, India stands as the world's second-most populous country, representing a diverse tapestry of cultures, traditions, and aspirations. It is a nation with immense human capital, which has been a driving force behind its rapid economic growth. India's economy is undeniably on an upward trajectory, making it a key player in the global market.
In 2021, despite the challenges posed by the COVID-19 pandemic, India ranked as the world's sixth-largest economy in terms of nominal GDP. As the G20 president, India has a unique opportunity to shape the global agenda, foster international cooperation, and address critical issues that affect us all. From tackling climate change and fostering sustainable development to promoting digital transformation and enhancing global trade, India's leadership in the G20 will undoubtedly leave a lasting impact. India's presidency also serves as a testament to its diplomatic prowess and its ability to engage with diverse nations across the world. As a nation deeply committed to the principles of multilateralism, India brings a unique perspective to the table, grounded in its own experiences and challenges. By fostering dialogue and collaboration, India aims to drive equitable and inclusive growth that benefits all member nations.
Beyond the economic realm, India's presidency of the G20 also highlights its commitment to social development and the welfare of its citizens. With a strong emphasis on initiatives like financial inclusion, women empowerment and skill development, India seeks to uplift marginalized sections of society, both at home and abroad. Let us celebrate this achievement and look forward to the positive impact that India's leadership will bring to the world stage.
This is 35th edition: Volume 18 Issue 1: April 2023 of Journal of Commerce and Trade. I thank all editors, reviewers and authors for their constant and literary support.
Wishing you continued success and prosperity,