Understanding India Russia Economic Trajectory Through G20 optics

Abstract

With every passing year, decade and century; world is turning more complex, intra and interdependent and forums both at national and international levels are considered as an imperative nucleus in providing platform for bringing consensus over resolution to discuss web of multi-dimensional relations, issues and related contests among nations. G20 is one such international intergovernmental forum that deals with economic and financial agenda of which monetarist steadiness, environmental variation moderation and sustainable development are the major agenda. It’s been nearly quarter of a century since the inception of G20 took place and it shoulders a colossal turbulence mix of issues and insecurities largely non-traditional in nature and G20 an assemblage of world’s largest economies accounts for larger than three quarter of gross world product, international trade, global population and 60 percent of World’s land area is rightly considered as a forum that can facilitate in finding solutions to emerging issues and economic prosperity to the world economies. India and Russia, members of the G20 forum are the two emerging economies that have a major role to play in making the vision of the forum a reality not only in past, present but also in the years to come. Both India and Russia share a “special and privileged strategic partnership” and also shares multilateral and bilateral relations at international forums UN, BRICS, SCO besides G20. India in 2023 chairing the G20 summit along with the support of Russia and other members; will facilitate in fulfilling the vision and logo of the “One earth One Family One Future” and will move towards the path of delivering better future for the world.

DOI: https://doi.org/10.46700/asssr/2024/v6/i1/J2402