The virtual G20 Leaders’ Summit will be chaired by PM Modi. Leaders of all G20 members, including the Chair of the African Union, as well as nine guest countries and heads of 11 international organisations, have been invited.
Lula also compared the economic progress of both countries, noting that while India had risen from the 15th to the 6th largest economy in the world, Brazil had slipped from the 6th to the 12th.
The Group of Twenty, popularly known as G20, is the global forum for international economic cooperation. It plays an important role in shaping and strengthening global architecture and governance on all major international economic issues. India G20 Presidency 2023 takes effect from 1 December 2022 to 30 November 2023. Prime Minister Narendra Modi formally received the baton of the India G20 presidency 2023