New Delhi: Prime Minister Narendra Modi is set to visit the Indonesian city of Bali from November 14 to 16 in order to attend the two-day G20 summit, the Ministry of External Affairs said on Thursday.
India will assume the Presidency of the grouping from the current chair Indonesia on December 1.
Notably, the G20 or Group of 20 is an intergovernmental forum of the world's major developed and developing economies. The powerful grouping comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US and the European Union (EU).
The G20 summit will be taking place on November 15 and 16 in Bali and PM Modi is set to be among the top leaders attending the meeting.
The G20 is the premier forum for international economic cooperation representing around 85 per cent of the global GDP, over 75 per cent of the global trade, and about two-thirds of the world population. India is currently part of the G20 Troika (current, previous and incoming G20 Presidencies) along with Indonesia and Italy.
Meanwhile, the theme of the G20 Summit this year is "Recover Together, Recover Stronger".
Indonesia has said its presidency carries the spirit of "recover together" since the world has been facing challenges in all sectors, from health to education to international trade, as an aftermath of the global pandemic that hit the world in 2020 and wreaked havoc.
Additionally, the war in Ukraine, increasing costs of living, rising debt and catastrophic impacts from climate change have added to the global crisis. Moreover, the gaps in countries' capacities to address crisis situations have prevented the world from resolving the common problems.