Explanation:

G7 (Group of Seven)

• Recently, at the 48th G7 Summit, the Indian Prime Minister invited the G7 Nations to tap into the huge market for clean energy technologies emerging in the country.
• Germany holds the presidency of the G7 in 2022. 
• The German Presidency has invited Argentina, India, Indonesia, Senegal and South Africa to the G7 Summit.
• The Group of Seven (G7) is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. In addition, the European Union is a 'non-enumerated member' (it's not counted in the name).
• It is an intergovernmental organisation that was formed in 1975.
• All the G7 countries and India are a part of G20.
• The G7 does not have a formal charter or a secretariat. The presidency, which rotates among member countries each year, is in charge of setting the agenda. Sherpas, ministers and envoys hammer out policy initiatives before the summit.
• The G7 countries are important players in global trade. The US and Germany in particular are major export nations. Both sold goods worth well over a trillion US dollars abroad in 2021.

Hence only statement 2nd is correct.