India will host the G20 summit in 2023 and not in 2022, with a postponement of one year. Sources both in Saudi Arabia and Delhi confirmed the development that India will host the summit of the grouping of the 20 biggest economies in 2023.
This will be the first such summit of the grouping that will take place in India since its formation after the 2008 financial crisis.
The Riyadh leader’s declaration said, “We thank Saudi Arabia for hosting a successful Riyadh Summit and its contribution to the G20 process. We look forward to our next meetings in Italy in 2021, Indonesia in 2022, India in 2023 and Brazil in 2024”.
It was agreed at the Argentina G20 summit in 2018 that India will be hosting the summit in the 75th Independence anniversary year.
Italy and India had swapped the year for hosting G20 summit. In Asia, South Korea hosted G20 in 2010, followed by Turkey in 2015 and China in 2016 and next will be Indonesia.
