Context: Recently, Department for Promotion of Industry and Internal Trade (DPIIT) hosted Conference on B20 Indonesia Global Dialogue in partnership with Confederation of Indian Industry (CII) in New Delhi.
About B20
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It was formed in 2010. It is the official G-20 dialogue forum with the global business community.
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It aims to deliver concrete actionable policy recommendations on the priorities by each rotating presidency to spur economic growth and development.
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This conference would set tone for the deliberations to ensure that the Indian perspectives are well represented in the policy recommendation of B20 Indonesia.
Key Points
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Conference on B20 Indonesia Global Dialogue was hosted by DPIIT (Department for Promotion of Industry and Internal Trade) together with CII, Confederation of Indian Industry, with the aim of aligning the perspectives of Indian industry with the policy recommendations of B20 Indonesia.
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The conference is important as it will ensure that the Indian perspectives are well represented in the policy recommendation of B20 Indonesia.
Dialogues were held on
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Energy, Sustainability and Climate
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Digitisation
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Trade and Investment
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Finance and Infrastructure, wherein perspectives from B20 Indonesia were followed by perspectives from Indian Industry and the Government of India
G20 represents 85% of the global GDP, 75% of global trade, and 60% of the world’s population.