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Published : Monday, 12 September, 2016 10:00 AM
MBA aspirants must be updated with General Awareness on current affairs. General Awareness topics with analytically drawn conclusions will benefit you in CAT, XAT, IIFT, NMAT, IBSAT,SNAP ,CMAT, MAT and later in Post exams screening Tests like WAT, GD & PI , Essay writing.
Read General Awareness Topic : G-20 Summit: Advantage India?
G-20 is a group of world’s largest economic powers which include 19 countries and the European Union (EU) and its most important objective is the strengthening of global economic and financial cooperation and decision making. G-20 has become one of the most significant international body that accounts for 85% of the global GDP, 75% of the world trade and about two-third of the world population.
In 1999, the Finance Ministers and Central Bank governors of 20 major countries met to discuss the aftermaths of Asian Financial Crisis and thus the G-20 was born. In 2008, the first G-20 summit was held at Washington DC in the US. Since then, the stature of G-20 is continuously increasing and in 2009, world leaders announced that G-20 will replace G-8 as the most significant group of wealthy nations.
The theme of 2016 G20 summit which was held on September 4-5 at Hangzhou in China, was ‘An Innovative, Invigorated, Interconnected and Inclusive World Economy’. With India being the fastest growing major economy in the world, its role will be instrumental in materialising the theme of the summit.
Some of the major takeaways which are advantageous for the interests of India are as under –
During the summit, India was able to successfully raise its concern which were duly acknowledged at the G-20 platform.
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