Prime Minister Narendra Modi announced on Saturday (1 December) that India will be hosting G-20 Summit in 2022- the year India completes 75 years of Independence.
The announcement was made in the closing ceremony of the 2018 summit held in Argentina’s capital Buenos Aires, as reported by Press Trust of India.
The G-20 is a group of 20 of world’s major economies. Italy which was earlier supposed to host the summit, was thanked by PM Modi for allowing India to host it instead. He also invited all the G-20 leaders to India for the summit.
"In 2022 India completes 75 years since Independence. In that special year, India looks forward to welcoming the world to the G20 Summit! Come to India, the world's fastest-growing large economy! Know India's rich history and diversity, and experience the warm Indian hospitality,” said PM Modi.
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.— Narendra Modi (@narendramodi) December 1, 2018
The member nations of the G20 are Argentina, Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the UK and the US, with Spain being a permanent guest invite.
The G-20 countries account for nearly 90 per cent of the gross world product and 80 per cent of the world trade.