India passes B20 presidency to Brazil

Last week, India formally passed on the Business 20 (B20) presidency to Brazil, expressing enthusiasm for the forthcoming period during which both nations will collaboratively shape global business priorities.

The B20 summit is the recognized G20 dialogue platform involving the worldwide business community.

From August 25th to 27th, India hosted the three-day summit under the theme R.A.I.S.E—Responsible, Accelerated, Innovative, Sustainable, and Equitable Businesses. Over 1,500 delegates from approximately 55 countries participated in the event.

On the summit’s final day, Prime Minister Narendra Modi delivered a keynote address, signifying the transfer of the B20 presidency from India to Brazil and symbolizing a shift in the leadership of this influential platform for dialogue.

Originating in 2010, the B20 stands as one of the foremost Engagement Groups within the G20 framework, engaging companies and business organizations as active participants. The B20 aims to provide practical, actionable policy recommendations to foster economic growth and development.

The B20 functions through Task Forces (TFs) and Action Councils (ACs) that formulate consensus-driven policy recommendations for the G20 and international institutions.

During the B20 Summit, the final recommendations are officially presented to the G20 Presidency. These recommendations guide the collaborative pursuit of economic advancement and development, each in alignment with the priorities set during the rotating presidency of the B20.

Source: Economic Times