Consider the following statements about G-20:The G-20 group was originally established as a platform

Question

Consider the following statements about G-20:The G-20 group was originally established as a platform for the Finance Ministers and Central Bank Governors to discuss the international economic and financial issues.Digital public infrastructure is one of India's G-20 priorities.Which of the statements given above is/are correct?

Accepted Answer

The G20 group of 19 countries and the EU was established in 1999 as a platform for Finance Ministers and Central Bank Governors to discuss international economic and financial issues. Together, the G20 countries account for almost two-thirds of the global population, 75% of global trade, and 85% of the world's GDP. In the wake of the global financial and economic crisis of 2007, the G20 was elevated to the level of Heads of State/Government and was named the premier forum for international economic cooperation. Hence, statement 1 is correct.Digital Public Infrastructure is one of the key priorities during India’s G20 Presidency. It is a cross-cutting theme across various Working Groups including Digital Economy, Health, Education, and Global Partnership for Financial Inclusion. Hence, statement 2 is correct.