In the national capital of India, Delhi, the G20 Summit 2023 is scheduled to be held on September 9th and 10th. This is a significant event for India, as it plays host to the G20 summit for the first time. Leaders from G20 member countries, representatives from the European Union, and guest nations have begun arriving in Delhi for the summit.
Delhi has been beautifully adorned for this occasion, with the airport, hotels, and the summit venue, India Mandapam, all reflecting the G20 theme. Amidst the preparations, questions arise about the cost incurred for hosting the G20 summit, who bears this expense, and the underlying purpose. Let’s delve into the details.
Preparations for the G20 Summit in India
This marks the first time that India is hosting such a powerful gathering of global leaders. The theme chosen for India’s presidency is “Vasudhaiva Kutumbakam,” which translates to “the world is one family.” Delhi has been spruced up like a bride for this event, with roads and intersections adorned with G20-themed decorations.
Stringent security measures have been put in place, including anti-drone systems and deployment of around 1,30,000 police and paramilitary personnel to ensure the city’s security.
What is the Expense Incurred for the G20 Summit Preparations?
According to reports, approximately ₹42.54 billion (around 567 million USD) has been spent on preparing the city for the G20 Summit. These expenses were categorized into roughly 12 sectors, with security being the most critical component. In addition to security, expenses related to road infrastructure, sidewalks, street signage, and lighting have also been included.
Expenditures ranging from horticultural improvements to G20 branding have totaled from ₹7.5 lakhs (approx. 10,000 USD) to over ₹35 billion (approx. 467 million USD). These expenses have been borne by various government agencies, including the Ministry of Defence, National Highways Authority of India (NHAI), and Municipal Corporations of Delhi (MCDs).
The Indian Trade Promotion Organisation (ITPO), the Ministry of Road Transport and Highways, and the Military Engineer Services (MES) have been among the primary contributors to the expenses. The ITPO’s expenditure not only covers the G20 Summit but also long-term assets like the India Mandapam.
Who Bears the Expense?
As per documents shared by Union Minister Meenakshi Lekhi, the ITPO has contributed nearly 87% of the total bill, amounting to approximately ₹36 billion (around 480 million USD). Following this, Delhi Police contributed ₹3.4 billion (around 45 million USD), and the NHAI contributed ₹600 million (around 8 million USD). Meanwhile, the Delhi government’s Public Works Department (PWD) spent around ₹450 million (around 6 million USD), the Ministry of Road Transport and Highways spent ₹260 million (around 3.5 million USD), and the Delhi Development Authority (DDA) spent ₹180 million (around 2.4 million USD). The Forest Department of Delhi government also spent ₹160 million (around 2.1 million USD), and the MCDs contributed ₹50 million (around 670,000 USD).
Prior to this, the Union Budget for 2023-24 had allocated ₹9.9 billion (approximately 132 million USD) for hosting the G20 presidency in India. Finance Minister Nirmala Sitharaman had emphasized that India’s G20 presidency, with the theme of “Vasudhaiva Kutumbakam,” not only provides an opportunity for India to strengthen its role in the global economy amidst current global challenges but also advances an ambitious agenda based on a people-centric approach.
What is the Agenda for the G20 Summit?
The two-day summit, the 18th G20 Summit, is set to begin in Delhi, with participation from leaders of 19 major economies in the world, along with the European Union. Besides the G20 member countries, nine guest countries will also take part in the conference.
Apart from these countries, various international organizations such as the United Nations, IMF, World Bank, WTO, ILO, FSB, and OECD, along with regional organizations like the African Union, ASEAN, and APEC, have been invited as guest international organizations.
India, as the G20 Chair, has also invited ISA, CDRI, and ADB as guest regional organizations.
The agenda for the summit covers a wide range of global issues, including economic challenges, climate change, sustainable development, and inclusive growth. The theme “Vasudhaiva Kutumbakam” reflects India’s commitment to addressing global challenges through a people-centric approach.
The G20 Summit is expected to provide a platform for meaningful discussions and collaborations among world leaders to address pressing global concerns and promote international cooperation.
This significant event is not only an opportunity for India to showcase its diplomatic and organizational capabilities but also a platform to contribute to global discussions on critical issues facing the world today.