- The Group of Seven (G7) is a collective 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 member countries are the United States, Britain, France, Japan, Germany, Italy, and Canada.
- 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.
- India is not a member of the G-7 grouping.
Why in News?
- U.S. President Donald Trump announced that he would postpone the G7 summit that he wanted to hold in late June and expand the list of countries invited to include Australia, Russia, South Korea and India.
- He said the G7 in its current format is a very outdated group of countries which does not properly represent what’s going on in the world.