India’s G-20 Presidency

Published By : Admin | December 1, 2022 | 09:00 IST

Today, India commences its G20 Presidency.

The previous 17 Presidencies of the G20 delivered significant results - for ensuring macro-economic stability, rationalising international taxation, relieving debt-burden on countries, among many other outcomes. We will benefit from these achievements, and build further upon them.


However, as India assumes this important mantle, I ask myself - can the G20 go further still? Can we catalyse a fundamental mindset shift, to benefit humanity as a whole?

I believe we can.

Our mindsets are shaped by our circumstances. Through all of history, humanity lived in scarcity. We fought for limited resources, because our survival depended on denying them to others. Confrontation and competition - between ideas, ideologies and identities - became the norm.

Unfortunately, we remain trapped in the same zero-sum mindset even today. We see it when countries fight over territory or resources. We see it when supplies of essential goods are weaponised. We see it when vaccines are hoarded by a few, even as billions remain vulnerable.

Some may argue that confrontation and greed are just human nature. I disagree. If humans were inherently selfish, what would explain the lasting appeal of so many spiritual traditions that advocate the fundamental one-ness of us all?

One such tradition, popular in India, sees all living beings, and even inanimate things, as composed of the same five basic elements – the panch tatva of earth, water, fire, air and space. Harmony among these elements - within us and between us - is essential for our physical, social and environmental well-being.


India's G20 Presidency will work to promote this universal sense of one-ness. Hence our theme - 'One Earth, One Family, One Future'.


This is not just a slogan. It takes into account recent changes in human circumstances, which we have collectively failed to appreciate.


Today, we have the means to produce enough to meet the basic needs of all people in the world.


Today, we do not need to fight for our survival - our era need not be one of war. Indeed, it must not be one!

 


Today, the greatest challenges we face - climate change, terrorism, and pandemics - can be solved not by fighting each other, but only by acting together.

Fortunately, today's technology also gives us the means to address problems on a humanity-wide scale. The massive virtual worlds that we inhabit today demonstrate the scalability of digital technologies.


Housing one-sixth of humanity, and with its immense diversity of languages, religions, customs and beliefs, India is a microcosm of the world.


With the oldest-known traditions of collective decision-making, India contributes to the foundational DNA of democracy. As the mother of democracy, India's national consensus is forged not by diktat, but by blending millions of free voices into one harmonious melody.

Today, India is the fastest growing large economy. Our citizen-centric governance model takes care of even our most marginalised citizens, while nurturing the creative genius of our talented youth.


We have tried to make national development not an exercise in top-down governance, but rather a citizen-led 'people's movement'.


We have leveraged technology to create digital public goods that are open, inclusive and inter-operable. These have delivered revolutionary progress in fields as varied as social protection, financial inclusion, and electronic payments.

For all these reasons, India's experiences can provide insights for possible global solutions.

During our G20 Presidency, we shall present India's experiences, learnings and models as possible templates for others, particularly the developing world.

Our G20 priorities will be shaped in consultation with not just our G20 partners, but also our fellow-travellers in the global South, whose voice often goes unheard.


Our priorities will focus on healing our 'One Earth', creating harmony within our 'One Family' and giving hope for our 'One Future'.

For healing our planet, we will encourage sustainable and environment-friendly lifestyles, based on India's tradition of trusteeship towards nature.

For promoting harmony within the human family, we will seek to depoliticise the global supply of food, fertilizers and medical products, so that geo-political tensions do not lead to humanitarian crises. As in our own families, those whose needs are the greatest must always be our first concern.

For imbuing hope in our future generations, we will encourage an honest conversation among the most powerful countries - on mitigating risks posed by weapons of mass destruction and enhancing global security.

 


India’s G20 agenda will be inclusive, ambitious, action-oriented, and decisive.

 


Let us join together to make India's G20 Presidency a Presidency of healing, harmony and hope.

Let us work together to shape a new paradigm - of human-centric globalisation.

 

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2025 – ସଂସ୍କାରର ବର୍ଷ
December 30, 2025

India has emerged as the centre of global attention. This is due to the innovative zeal of our people. Today, the world sees India with hope and confidence. They appreciate the manner in which the pace of progress has been accelerated with next-generation reforms, which are cross-sectoral and amplify the nation’s growth potential.

I have been telling many people that India has boarded the Reform Express.

The primary engine of this Reform Express is India’s demography, our young generation and the indomitable spirit of our people.

2025 will be remembered as a year for India when it focused on reforms as a continuous national mission, building on the ground covered over the past 11 years. We modernised institutions, simplified governance, and strengthened the foundations for long-term, inclusive growth.

We moved ahead decisively…with higher ambition, faster execution and deeper transformation. The reforms have been about enabling citizens to live with dignity, entrepreneurs to innovate with confidence and institutions to function with clarity and trust.

Let me cite a few examples of the reforms undertaken.

GST reform:

• A clean two-slab structure of 5% and 18% has been implemented.

• The burden has been eased on households, MSMEs, farmers and labour-intensive sectors.

• The purpose is to ensure dispute reduction and better compliance.

• This reform has boosted consumer sentiment and demand. Sales have grown in the festive season.

Unparalleled relief for the middle class:

• In a first, individuals earning up to Rs. 12 lakh a year faced no income tax at all.

• Obsolete Income-tax Act of 1961 has been replaced with the modern and simple Income Tax Act, 2025.

• Together, these reforms mark India’s move towards a transparent, technology-driven tax administration.

Boost to small and medium businesses:

• Definition of “small companies” has been expanded to include firms with turnovers up to Rs. 100 crore.

• Compliance burdens and associated costs for thousands of companies will get reduced.

100% FDI Insurance reform:

• 100% FDI permitted in Indian insurance companies.

• This will give a fillip to insurance penetration and security for the people.

• Apart from enhanced competition, it would offer better insurance choices and improved service delivery for the people.

Securities Market Reform:

• Securities Market Code Bill has been introduced in Parliament. It will enhance governance norms in SEBI, also enhance investor protection, reduce compliance burden and enable a technology-driven securities market for a Viksit Bharat.

• Reforms will ensure savings thanks to reduced compliances and other overheads.

Maritime and Blue Economy Reforms:

• In a single Parliament session, the Monsoon Session, five landmark maritime legislations were passed: the Bills of Lading Act, 2025; the Carriage of Goods by Sea Bill, 2025; the Coastal Shipping Bill, 2025; the Merchant Shipping Bill, 2025; and the Indian Ports Bill, 2025.

• These reforms simplify documentation, make dispute resolution easier and reduce logistics costs.

• Outdated Acts dating back to 1908, 1925 and 1958 have also been replaced.

Jan Vishwas…Ending the Era of Criminalisation:

• Hundreds of outdated laws have been scrapped.

• 71 Acts have been repealed through the Repealing and Amendment Bill, 2025.

Boosting Ease of Doing Business:

• A total of 22 QCOs were revoked across synthetic fibres, yarns, plastics, polymers, and base metals, while 53 QCOs were suspended in various steel, engineered, electrical, alloy, and consumer end product categories, covering a broad spectrum of industrial and consumer materials.

• This will increase India’s share of apparel exports; lower production costs in diverse industries like footwear, automobiles; ensure lower prices for domestic consumers for electronics, bicycles and automotive products.

Historic labour reforms:

• Labour laws have been reshaped, merging 29 fragmented laws into four modern codes.

• India has created a labour framework that secures the interests of workers while boosting the business ecosystem.

• The reforms focus on fair wages, timely payment of wages, smoother industrial relations, social security and safer workplaces.

• They ensure greater female participation in the workforce.

• Unorganised workers including contract workers are brought under the ESIC and EPFO expanding the coverage of formal workforce.

Diversified and expanded markets for Indian products:

Trade deals inked with New Zealand, Oman and Britain. These will add to investments, boost job creation and also encourage local entrepreneurs. They reinforce India’s position as a trusted and competitive partner in the global economy.

The FTA with the European Free Trade Association, comprising Switzerland, Norway, Iceland and Liechtenstein, has been operationalised. This marks India’s first FTA with developed European economies.

Nuclear Energy Reforms:

The SHANTI Act is a transformational step in India’s clean-energy and technology journey.

• Ensures a strong framework for the safe, secure and responsible expansion of nuclear science and technology.

• Enables India to meet the rising energy demands of the AI era, like powering data centres, advanced manufacturing, green hydrogen and high-technology industries.

• Promotes the peaceful application of nuclear technologies in healthcare, agriculture, food security, water management, industry, research and environmental sustainability, supporting inclusive growth and improved quality of life.

• Opens new pathways for private sector participation, innovation and skill development. Creates opportunities for India’s youth to lead in frontier technologies and next-generation energy solutions.

This is an opportune moment for investors, innovators and institutions to partner with India, to invest, innovate and build a clean, resilient and future-ready energy ecosystem.

A Landmark reform in Rural Employment guarantee:

• Viksit Bharat- G RAM G Act, 2025 Rozgar Guarantee framework raises employment guarantee from 100 to 125 days.

• This will result in increased spending towards strengthening village infrastructure and livelihoods.

• The aim is to turn rural work into a means to ensure higher incomes and better assets.

Education Reforms:

Bill has been introduced in Parliament. 

• Single, unified higher education regulator will be established.

• Multiple overlapping bodies like the UGC, AICTE, NCTE will be replaced with the Viksit Bharat Shiksha Adhishthan.

• Institutional autonomy will be strengthened, with innovation and research boosted.

What makes the reforms of 2025 significant is not only their dimension but also their underlying philosophy. Our Government has prioritised collaboration over control and facilitation over regulation in the true spirit of a modern democracy.

These reforms were designed with empathy, recognising the realities of small businesses, young professionals, farmers, workers and the middle class. They were shaped by consultation, guided by data and anchored in India’s constitutional values. They add momentum to our decade-long efforts to move away from a control-based economy to one that operates within a framework of trust, keeping the citizen at its core.

These reforms are aimed towards building a prosperous and self-reliant India. Building a Viksit Bharat is the polestar of our development trajectory. We will continue pursuing the reform agenda in the coming years.

I urge everyone in India and abroad to deepen their bond with the India growth story.

Keep trusting India and investing in our people!