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Wednesday, September 13, 2023

Countrymen will get these 5 big benefits from G20, these challenges will also have to be overcome

The G-20's Delhi Declaration emphasizes comprehensive reforms in international financial institutions. With the new rules and structural reforms, it will be easier for India to get funds for development works from these financial institutions.

After the successful organization of G-20, if you are wondering what we achieved after all, then know the answer. It has brought immense possibilities for the people of India. You just have to understand and adjust to the needs of the world. These are the five major benefits to all the people from the G-20 held in India and the historic Delhi Declaration. However, there will be some challenges in implementing these decisions. Let us tell you what are the benefits and what challenges will have to be faced in completing it.

India's acceptance increased on the global stage

During the Russia-Ukraine war that has been going on for more than one and a half years, it has rarely happened that Russia, America and the Western countries have ever agreed on a single thing. The situation is such that if these countries are asked what time it is, they will tell the time of their own time zone but completely reject the time zone of others. India has left an indelible mark in global politics by bringing consensus on all issues including the Russia-Ukraine war in the Delhi Declaration. India will now be seen and heard with more respect on various international issues.

2. India now becomes closer to America and Russia

The grand event of G-20 and the declaration issued thereafter has brought India closer to America and Russia. India can now pursue its interests with both the superpowers without any hesitation. Be it transfer of new technology or trade agreements with America or trade with Russia on conventional oil, fertilizers, defense deals and other things, it will now be easier for India. Both the superpowers are ready to trust India equally, that is, the friend of the enemy is not always the enemy. 3. Increased accountability of the Indian government towards its people

It is said that with great power also comes responsibility. The spectacular success of G-20 increased India's stature in the world. Now India is being seen as a big player. In such a situation, the whole world will have an eye on how India moves forward on its domestic issues. Be it Indian democracy or the country's diversity and pluralistic culture, government policies and actions on these aspects will be constantly scrutinized at the international level.

4. India-Middle East-Europe Corridor opened a new path

If India is a big market and then Indian producers also need new markets. During the G-20, the India-Middle East-Europe Corridor was announced to connect India commercially with the rest of the world. Under this, it has been decided to connect the three regions through rail, port, transport, airways, data cable and other technologies. Due to this, new opportunities will be created for the people due to immense possibilities in the field of employment, investment and business.

5. It will be easier for India to get financial help, development work will accelerate

The G-20's Delhi Declaration emphasizes comprehensive reforms in international financial institutions. With the new rules and structural reforms, it will be easier for India to get funds for development works from these financial institutions. The government will be able to spend under welfare schemes, the direct benefit of which will be available to the people living at the far end of the country.

India also faces many challenges

1. China is the biggest threat: India is continuously defeating China on many fronts. In such a situation, China has become the biggest threat to India on the international market and world platform. Just as India's friendship with western countries is increasing, China is becoming increasingly distant from India. It is possible that in the coming days, China may start openly opposing India on international platforms. In such a situation, India will be challenged to deal with China not only on life of actual control but also on international forums.

2. 90 countries can become a challenge in the Chinese belt: Even though India, America, European Union and Gulf countries have agreed to build an economic corridor, on the other hand, China's BRI is still a big challenge because it includes 90 countries. Are. In which Russia is also the biggest partner. This number is bigger than the group of India, Gulf and Western countries.

3. Challenge in the renewable energy sector: Tripleing the capacity of renewable energy by 2030 is also a big challenge regarding climate. To triple total capacity by 2030, the world will need to add about 1,000 GW of new capacity every year. According to IRENA or IEA, tripling renewable capacity by 2030 is an ambitious plan. Accomplishing which can become a big challenge.

4. Unemployment still a big challenge: There was a discussion in G20 about poor countries and their debt. Which India also raised strongly. But in India, issues like unemployment and inflation are big challenges before the government. It is very important for the government to overcome these. In such a situation, it remains a big challenge to reduce expensive debt, inflation and unemployment in our own country along with other countries.

5. Responsibility of 55 countries of Global South Block: India has included 55 African countries in G20. He has also promoted himself as a global leader of the South. In such a situation, it will be a big challenge to raise the issues of those countries on every international platform of India. These 55 countries will see India as their leader on every issue.

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