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With reference to G20 Grouping, consider the following statements
The 19th G20 Summit was held in New Delhi, India, with the theme 'One Earth, One Family, One Future.'
Canada is scheduled to assume the G20 Presidency in 2024.
India's GDP per capita rose to USD 2,388.62 in 2022, but it continued to be at the bottom among the 19 regions of G20 nations.
How many of the statements given above is/are correct?
Only One
Only Two
All Three
None of the above
Only statement 3rd is correct.
India's Socio Economic Performance in Comparison to G20 Nations
Recently, India hosted the 18th G20 Summit in New Delhi under the theme 'One Earth, One Family, One Future.'
As India handed over the G20 Presidency of 2024 to Brazil, it was essential to evaluate its socioeconomic performance in comparison to fellow G20 nations., Unfortunately, India's recent performance in key socioeconomic indicators lagged behind its G20 counterparts.
What is the Status of India's Progress on Various Metrics in Comparison to G20 Members?
Gross Domestic Product (GDP) per capita
GDP per capita is the sum of gross value added by all resident producers in the economy divided by mid-year population.
In 1970, India ranked 18th out of 19 regions analysed (Russia excluded), with a GDP per capita of USD 111.97.
By 2022, India's GDP per capita had increased to USD 2,388.62 but remained at the bottom among the 19 regions.
Hence option 1st is correct.
By: Shubham Tiwari ProfileResourcesReport error
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