what is G20 || G20 || G20 of india

 The G20, or Group of Twenty, is an international forum comprising 19 individual countries and the European Union. It was established to promote international economic cooperation and policy coordination. Here's a more detailed overview of the G20:

1. Formation and Purpose:

•  The G20 was founded in 1999 in response to financial crises of the late 1990s, with the first     G20 Leaders' Summit held in 2008 during the global financial crisis.
•  Its primary purpose is to facilitate dialogue and cooperation among major economies to   address global economic challenges and promote financial stability.

2. Member Countries:

•   The G20 consists of 19 member countries and the European Union (EU). The member              countries are:
•    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan,     Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and       the United States.
•    The European Union is represented by the European Commission and the European Central     Bank.

3. Meetings:

•   The G20 holds annual meetings at the leaders' level (the G20 Leaders' Summit), which is          attended by heads of state or government, along with finance ministers and central bank          governors.
•   In addition to the Leaders' Summit, there are meetings of various working groups and              ministerial meetings on topics such as finance, trade, labor, and more.

4. Agendas and Topics:

•  The G20 discusses a wide range of global issues, including economic growth, financial              regulation, trade, climate change, development, and more.
•  The agenda is determined by the host country for the year, with a focus on current global          challenges.

5. Decision-Making:

•  The G20 operates on a consensus-based decision-making process, where all member             countries must agree on policy measures and statements.
•  While decisions made at the G20 are not legally binding, they can influence global policies        and actions.

6. Outcomes:

•  The G20 has played a significant role in coordinating international responses to financial   crises, promoting free trade, addressing climate change, and addressing global health issues,   among other topics.
•  The G20's influence and effectiveness have been subject to debate, with some praising its       role in global governance and others criticizing its limitations and lack of representation.

7. Criticism and Challenges:

•  The G20 has faced criticism for its exclusivity, as it represents a limited number of countries     and may not adequately represent the interests of smaller or less economically powerful           nations.
• There are ongoing challenges in achieving consensus among member countries, especially on  contentious issues.

8. Host Country Rotation:

• The G20 presidency rotates among member countries on an annual basis. The host country is responsible for organizing and leading the G20 meetings during its presidency.

9. G20 Summits:

• Notable G20 summits include the London Summit in 2009 during the global financial crisis, the Hangzhou Summit in 2016, and the Osaka Summit in 2019.

Please note that developments may have occurred since my last knowledge update in September 2021, so I recommend consulting more recent sources for the latest information on the G20 and its activities.