Prime Minister Narendra Modi, who led the two-day G20 Leaders' Summit, has announced the conclusion of the mega event.
"As you all know India has the responsibility of G20 presidency till November 2023. In these two days, all of you gave a lot of suggestions and placed proposals. It is our duty that the suggestions we have received be reviewed once again so as to see how their progress can be sped up," said PM Modi in his concluding remarks.
He proposed a range of topics to be discussed by G20 leaders in November's virtual session. Notably, India scored a major diplomatic win by managing to reach a consensus among world leaders on the New Delhi G20 Leaders' Declaration, a monumental task given the differences among world leaders over the Russia-Ukraine war.
"I propose that at the end of November, we hold a virtual session of G 20. We can review the topics decided in this Summit, in that virtual session...I hope you all will connect in the virtual session...With this, I declare the conclusion of the G20 Summit," he said.
A successful presidency
India kicked off the highly-anticipated G20 Summit with a significant achievement by formally welcoming the 55-member African Union (AU) as a permanent member of the G20. It is the first expansion of the influential bloc since its inception in 1999. All member countries of the G20 accepted Prime Minister Modi's proposal to bring the key bloc of the Global South to the high table of the world's top economies.
Among various key outcomes, for the first time, G20 leaders adopted the 'New Delhi Declaration' with 100 per cent consensus, including on Ukraine. "History has been created with the adoption of the New Delhi Leaders' Declaration. United in consensus and spirit, we pledge to work collaboratively for a better, more prosperous, and harmonious future," said PM Modi.
"G20 India has been the most ambitious in the history of G20 presidencies. With 112 outcomes and presidency documents, we have more than tripled the substantive work from previous presidencies," G20 Sherpa Amitabh Kant said.
PM Modi also launched the Global Biofuels Alliance in the presence of Biden, Brazilian President Luiz Inacio Lula da Silva, Bangladesh Prime Minister Sheikh Hasina, Italian Prime Minister Giorgia Meloni and others.
Brazil, India, and the United States, as leading biofuel producers and consumers, will work together during the next few months towards the development of a Global Biofuels Alliance along with other interested countries. The initiating member countries included Argentina, Mauritius, South Africa, the United Arab Emirates (UAE) and the United States, while Singapore and Canada served as observer countries.
In another historic development, India, the United States, UAE other nations jointly announced the India-Middle East-Europe economic corridor including railway and shipping links to boost economic activity in the region.
The initiative will consist of two separate corridors -- the East Corridor connecting India to West Asia/Middle East and the Northern Corridor connecting West Asia or the Middle East to Europe.
A railway line will be developed for better connectivity and to provide a reliable and cost-effective cross-border ship-to-rail transit network to supplement the existing multi-modal transport routes enhancing the transshipment of goods and services between South East Asia through India to West Asia or Middle East Europe.
(With inputs from agency)