Prelims 2023

Q50. Consider the following statements about G-20:

1. The G-20 group was originally established as platform for the Finance Ministers and Central Bank Governors to discuss the international economic and financial issues.
2. Digital public infrastructure is one of India’s G-20 priorities.

Which of the statements given above is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2

Question from UPSC Prelims 2023 GS Paper

Explanation : 

c. Both 1 and 2

G-20: An Overview

Established in 1999, the G-20 (Group of Twenty) serves as a key international platform for Finance Ministers and Central Bank Governors. It focuses on critical issues surrounding global economic growth, international trade, and the regulation of financial markets. Over time, the G-20 has expanded to include heads of government and other high-ranking officials from its member countries.

India’s Priorities in the G-20

India has placed a significant emphasis on digital public infrastructure as a cornerstone of its agenda within the G-20 framework. This involves initiatives aimed at:

  • Promoting digital financial inclusion to ensure broader access to financial services.
  • Fostering innovation in digital technology to drive economic growth and development.
  • Ensuring a safe and secure digital environment for all users.
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