About G20

• Founded in 1999, the Group of Twenty (G20) is the premier forum for its members’ international economic cooperation and decision-making.
• 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 G-20’s member-countries represent around 85% of the world’s economic output, three-quarters of international 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.

Why in News?

• Prime Minister Narendra Modi is participating in the 16th G-20 Summit along with global leaders.
• This year, the Summit is centered around the theme – People, Planet, Prosperity. The thrust of the Summit is on economic and health recovery, climate change and sustainable development. 

https://newsonair.gov.in/News?title=PM-Modi-joins-World-leaders-at-G-20-Summit-in-Rome%3b-Economic-and-health-recovery%2c-climate-change-and-sustainable-development-high-on-agenda&id=428945