India used its presidency in G20 to speak directly about the global economic inequalities. Another major accomplishment was permanent membership of G20 to the African Union. This gesture moves one of the largest growing spheres into the international economic regulation machinery and corrects the fact that it was historically ignored, and needs to be better represented.
India jumped on the bandwagon of digital divide by pushing its Digital Public Infrastructure (DPI) model further. A G20 structure that facilitated development and deployment of DPI was founded under the presidency. Through this initiative developing economies can access tools of financial inclusion and effective service delivery that will help these economies to counter the conventional restraints to growth.
India has seen the need to reform Multilateral Development Banks (MDBs) since it was aware of the climate finance gap. The presidency urged a huge jolt in making available and affordable finance to the developing countries. This reform is needed to finance climate-resilient infrastructure and sustainable development to achieve much-needed investment gaps.
India was forceful in championing the involvement of Micro, Small, and Medium Enterprises (MSMEs) as the driver of inclusive growth. The deliverables were limited to increasing access to finance by MSME and their inclusion into global value chain. Empowering these job generators is the core of cutting down inequality of income locally and internationally.
India renewed the G20 commitment to meet the Sustainable Development Goals (SDGs) in 2030. It focused on taking faster action on such essential areas as food security and health. Such emphasis lends credence to the fact inclusive development is not a negotiable aspect of real sustainable and sustainable global economic stability and prosperity.
Conclusion:
The G20 presidency of India brought real results to minimize the economic inequalities in the world and achieve inclusive growth. This has been shown in the endeavour to integrate the African Union, nurture DPI, push MDB change towards climate finance, empower MSMEs, and renew the commitment to SDGs. Such results present practical road maps to a fairer and stronger world economy and get old systems to focus on inclusivity to remain prosperous.