G20 presidency: An opportunity for India to assume leadership of the Global South

Context:

In an address to the G20 Leaders’ Summit in Bali, the Indian PM acknowledges the growing importance of the new world, looking to reform multilateral institutions.

New World Order

• Failure to reform multilateral institutions: Due to a lack of global consensus on the way forward, institutions like the UN have failed to deliver on many occasions.
• Fault-lines: The world is divided over the situation in Ukraine. For developing nations, the consequences of food, energy, and fertilizer shortages are the primary concern.
• G20 Presidency: It provides an opportunity for India to assume the mantle of a peace-maker on behalf of the Global South at times when the UN is lacking credibility.