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India's G20 presidency and the dawn of a new multilateralism

India's Prime Minister Narendra Modi speaks during his visit at Janaki Mandir, a Hindu temple dedicated to goddess Sita, in Janakpur, Nepal, May 11, 2018. [Reuters]

Today marks 365 days since India assumed the G20 Presidency. It is a moment to reflect, recommit, and rejuvenate the spirit of 'Vasudhaiva Kutumbakam, 'One Earth, One Family, One Future.'

As we undertook this responsibility last year, the global landscape grappled with multifaceted challenges: recovery from the Covid-19 pandemic, looming climate threats, financial instability, and debt distress in developing nations, all amid declining multilateralism. In the midst of conflicts and competition, development cooperation suffered, impeding progress.

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