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THE TROIKA SIGNIFICANCE

by Blitz India Media
September 1, 2023
in G20 podium, Spotlight
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Team Blitz India

NEW DELHI: India stands as the sixth developing nation to have held the influential position of G20 presidency. Preceding India, Mexico, China, Argentina, Saudi Arabia, and Indonesia have all taken turns to steer the G20 ship.

What sets India’s presidency apart is the significance of the Troika arrangement, which, for the first time, comprises solely of developing nations during India’s term. Alongside India in the Troika are Indonesia, the preceding president, and Brazil, the successor.

The Troika, serving as a makeshift secretariat for the G20, has played a crucial role in maintaining the continuity of the agenda. With Brazil poised to succeed India for the 2024 presidency and South Africa in 2025, the upcoming Troika will continue the representation of developing nations exclusively.

The presence of this developing country Troika presents an unprecedented opportunity to tailor the G20’s agenda to address the needs of the Global South. This marks a departure from the usual dynamics where discussions have leaned towards the priorities of developed nations.

Throughout its presidency, India has been steadfast in promoting increased collaboration within the Global South at the G20 forum. This commitment is further reflected in the repeated inclusion of Global South issues in the agenda of Prime Minister Narendra Modi’s Government.

The synergy among India, Brazil, and South Africa holds potential to invigorate G20 leadership for all three nations. Already engaged in a robust trading partnership, with Brazil being India’s primary trading partner in South America, the relationship extends to backing India’s bid for a seat on the United Nations Security Council.

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