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"Guided by the vision of the prime minister, the foreign policy of India has been evolving to undertake leadership roles on the global stage," the MEA said.
"In a significant step in this direction, India will assume the G20 presidency from December 1. The G20 presidency offers a unique opportunity to India to contribute to the global agenda on pressing issues of international importance," a statement by the Ministry of External Affairs (MEA) read.
During the course of its G20 Presidency, India will be holding about 200 meetings in 32 different sectors in multiple locations across India. “We have to move forward with new energy while taking along the world with us", PM Modi said.
The G20 Summit to be held next year would be one of the highest-profile international gatherings to be hosted by India.
Guided by the vision of the Prime Minister, the foreign policy of India has been evolving to undertake leadership roles on the global stage. The G20 Presidency offers a unique opportunity to India to contribute to the global agenda on pressing issues of international importance.
G20 is the premier forum for international economic cooperation representing around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population.
Making the announcement on Monday, the Ministry of External Affairs (MEA) said the G20 presidency offers a unique opportunity to India to contribute to the global agenda on pressing issues of international importance.
It said the logo, theme and website of India's G20 presidency would reflect the country's "message and overarching priorities" to the world.
It comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union (EU).
The G20 summit will take place in Bali on 15-16November and PM Modi is set to be among the top leaders attending it.