Welcome to Indo China Chamber of Commerce
Welcome to Indo China Chamber of Commerce
11 Sep 2023
New multilateral agreements unveiled on the sidelines of the forum show how New Delhi has been working hard to curtail Beijing’s strategic influence.
India took on the role after a difficult meeting hosted by Indonesia in Bali in mid-November 2022. That summit was overshadowed, like this one, by Russia’s assault on Ukraine and tensions between the major powers over debt, energy, food, inflation, trade and technology. Indonesia managed to broker agreement on a joint declaration, but only just – and disagreement about the wording on Ukraine resurfaced soon afterwards.
It is clear that New Delhi also calculated that despite the challenging circumstances, there were potential diplomatic gains to be had in chairing the G20.
Nevertheless, New Delhi was keen to take on the job. With a general election pending in 2024, Narendra Modi’s government no doubt saw an opportunity to make the pitch to voters that India is now a respected global player. They will have recognised too that the G20 and all the non-official “engagement groups” that meet alongside it, including the business, civil society, and women’s groups, are useful in showcasing the host to investors and travellers. But it is clear that New Delhi also calculated that despite the challenging circumstances, there were potential diplomatic gains to be had in chairing the G20.