G20 Digital Economy Ministerial’ Summit

Founded in 1999, the Group of Twenty (G20) is the premier forum for its members’ international economic cooperation and decision-making.
The G20 brings together the leaders of both developed and developing countries from every continent.
The G20 comprises Argentina, Australia, Brazil, Canada, China, European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, UK and USA.

The G20 Countries together represent around 90% of global GDP, 80% of global trade, and two thirds of the world’s population.
The objectives of the G20 are:
- Policy coordination between its members in order to achieve global economic stability, sustainable growth;
- To promote financial regulations that reduce risks and prevent future financial crises; and
- To create a new international financial architecture.

The Digital Ministers of G20 Members conducted a virtual summit known as G20 Digital Economy Ministerial’ Summit.
India was represented by Ravi Shankar Prasad, Union minister for Law and Justice, communications and electronics and IT.
During the summit, Mr. Prasad said all digital platforms need to be accountable and sensitive towards concerns related to defence and data privacy of citizens of sovereign countries.
The comments follow the Indian government’s move to ban 59 Chinese applications, including TikTok, Shareit, Mi Video Call, Club Factory and Cam Scanner, citing a threat to national security and sovereignty.

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