Question

Recently, India hosted and chaired the summit of ............ one of the regional and economic groupings. (Choose the correct option to fill in the blank)

• A. SAARC
• B. G8
• C. ASEAN
• D. G20

Hint:

The G20 Summit brings together major economies of the world to coordinate global economic policy. India's presidency in 2023 was significant for showcasing inclusive development, climate commitment, and digital progress.

Answer 1

The Correct Option is D

In the year 2023, India assumed the presidency of the Group of Twenty (G20) — one of the most significant global economic forums. The G20 comprises 19 countries and the European Union, representing around 85% of global GDP, 75% of international trade, and two-thirds of the world population. India chaired and hosted the G20 Summit in New Delhi with the theme "Vasudhaiva Kutumbakam" — meaning "One Earth, One Family, One Future". The summit focused on sustainable development, climate action, digital transformation, inclusive growth, and multilateral reform. Why not the others?
(A) SAARC – The South Asian Association for Regional Cooperation has seen limited activity recently and has not been chaired by India in this context.
(B) G8 – India is not a member of G8; it's a group of 8 advanced economies.
(C) ASEAN – India is not a member of ASEAN; it only maintains strategic partnerships with ASEAN nations.
Hence, the correct answer is G20 — a premier forum for international economic cooperation.