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G20 summit india logo

Opinion | The Impact of G-20 Summit in Srinagar

By : Tahir

News Desk by News Desk
March 31, 2023
Reading Time: 3 mins read
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Mesmerising beauty, cultural heritage, art and crafts will get exposed to the world through this event and finally be helpful to our economy.  The economy of Kashmir is likely to take off with the help of this G-20 event in Kashmir.

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G-20 platform was established in 1990 in order to ensure international cooperation to avert global economic crisis. Its aim was later expanded to include trade, climate change, sustainable development, health, agriculture, energy, environment and corruption. Thus, the role of G-20 forum is touching almost all the important global issues.
Our country is going to host the G20 summit for which preparations are in full swung and structures have beep-00-n laid down. The government have worked out strategies to be put in execution to accomplish and achieve the targets in accordance to the formulated agenda of the summit. To accelerate inclusive and resilient growth through sustainable goals is main focus of G20 which is to be achieved. Our country has privilege to assume the presidency of G20 this year and we are going to become a futuristic and prosperous nation. We have an opportunity to preside it and to display our vision before the world. It is indeed a proud moment for our country to display our capability before the advanced and emerging economies of the globe.
India is committed to establish a new order to bring about the economic stability and sustainable growth. India is with its all allies to promote financial regulations that could avoid financial instability in future and to create an architecture of international financing. We are fortunate enough to share our perspectives and vision on prevailing economic issues and to play an important role in forming global economic policies. G20 will give India a chance to create its influence and be part of largest economies of the globe for inviting investment to achieve its economic goals. India has a remarkable cultural heritage which we can we show to the world by virtue of the G20 presidency. The world particularly the participating nations will practically be able to see what India stand for. Climate change and its impact is a global issue and this time during G-20 Summit the remedies to climatic change, energy transitions, demanding greater financial and technological support will be discussed.  The summit is going to offer a stage for us to engage with fellow countries for the purpose to resolve the problems and find a solution to the challenges of common nature. The image of the country will get enhanced through G- 20 summit and will make our relationship with our nations stronger.
The decision of the G20 countries to visit Kashmir is historic. Around 200 meetings are going to be held in 50 cities of the country. Srinagar is one among the cities which is going to host the guest countries. It is really proud moment for the citizens of Jammu and Kashmir as such kind of event is taking place first time in the history Jammu and Kashmir. The Union government has already invited suggestions & opinions from the citizens of the country to ensure participation of the ideas of the people from grassroots level . G-20 meeting in Srinagar will provide us a chance to boost our products which deserve an international attention and it has potential to attract the global market for sustainable growth trajectory. Experts are of the view that due to the proposed visit of the G-20 members a way for stability and sustainable development will emerge. Jammu and Kashmir will definitely get the fruits out of G-20 which is indeed a appreciable move. Overall development and emergence of economic activities for growth is expected from this historic event which we are going to witness first time in our history. Not only this but G20 event in Srinagar will be helpful to eliminate the negative narratives world is experiencing regarding Kashmir. Kashmiriyat will again garb the attention of the world community and all the misconceptions will come to an end.
Kashmir has a vast tourism potential and a very rich handicraft sector. These two sectors need world attention so that investments in the region can be offered. Hopefully, the G-20 will provide a platform for this purpose. Mesmerising beauty, cultural heritage, art and crafts will get exposed to the world through this event and finally be helpful to our economy.  The economy of Kashmir is likely to take off with the help of this G-20 event in Kashmir.

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