Heading the G20 and New Delhi’s choices

Context:

In about a time span of three months, India shall be assuming the year-long presidency of the G20. It is a platform entailed with the responsibility of shaping decision-making on key challenges facing the world today.

Importance and Complexities:

The G20 membership represents nearly 90% of the world’s GDP. It is an advisory body, not a treaty-based forum and, therefore, its decisions are recommendations to its own members
It has representation from institutions like the United Nations, the World Bank, IMF, WTO, and WHO, which makes G20 an incomparable body. It has played a key role in addressing financial and economic challenges such as the global financial crisis of 2008-09 and the Eurozone crisis of 2010.
In the past G20, has faced an existential crisis, when the major powers have fallen out. The disastrous impact of the novel coronavirus pandemic, the war in Ukraine, India-China border tensions, and EU/U.S.-Russia hostility has negatively the G20 grouping. It makes the task of the presidency country much more complicated