About G7

• The Group of Seven (G7) is an informal group of seven of the world’s most industrialized and developed economies. 
• Their political leaders come together annually to discuss important global economic, political, social and security issues.
• The G7 draws its roots from a meeting between the current G7 members, excluding Canada, that took place in 1975.

Members

• The G7 member countries are the United States, Britain, France, Japan, Germany, Italy, and Canada. 
• Unlike the United Nations or NATO, the G7 is not a formal institution with a charter and a secretariat.
• The presidency, which rotates annually among member states, is responsible for setting the agenda of each year’s summit.
• The European Union is a “non-enumerated” member and does not assume the rotating G7 presidency.
• Russia belonged to the forum from 1998 through 2014, when the bloc was known as the G8, but was suspended following its annexation of Crimea.

Why in News?

• Prime Minister Narendra Modi is set to attend the G7 Summit in Italy.

https://www.newsonair.gov.in/pm-modi-to-visit-italy-tomorrow-to-participate-in-g7-summit-mea/