Important Books related to G20

1. G20 @ 2023: The Roadmap to Indian Presidency by V. Srinivas

In a book of 290 pages, 154 pages are devoted to the reproduction of texts of the communiqués issued by the G20 summits from 2014–2022. This may be useful to scholars in their future research pursuits. But it is to be hoped that, with his impressive domain knowledge, the author will offer a comprehensive assessment of India’s G20 presidency after it concludes on November 30, 2023. India ardently hopes for “some tangible outcomes” and more from the Delhi summit. This volume helps us to understand why.

The book lists several achievements of G20 such as the IMF quota reform, the establishment of the Financial Stability Board, the Debt Service Suspension Initiative, and success in handling past financial and pandemic crises. The author could have factored in the criticism that several summits had only limited impact. A clear implication is that, with its inclusive, determined and action-oriented approach, India is in a sound position to make its presidency truly consequential.

2. India & the G20: Legacy & Prospects for Multilateralism amidst a Polycrisis by Patrick Bond and Sonal Raghuvanshi

India’s G20 Presidency is occurring at a crucial moment in the history of the world economy; as such it is important to ask what India’s role would be sitting on this high table. This compendium brings together diverse voices that are not afraid of asking difficult questions, or presenting analyses that diverge from the mainstream narratives and attempt to provide a much needed grounded analysis of the G20 framework.

3. 20 Years of G20: From Global Cooperation to Building Consensus Edited by Rajat Kathuria and Prateek Kukreja

The book discusses contemporary issues such as global financial architecture and regulatory practices, trade, investment and the multilateral process, the future of work, the role of technology for adaptation and mitigation of climate change, and financing infrastructure for sustainable development.

With increasing global connectivity, events in one part of the world immediately affect or spread to the other parts. In this context, G20 has proved to be an effective forum, particularly after the Asian financial crises. Furthermore, over recent decades, G20 has been instrumental in managing financial crises and international conflicts by deploying global cooperation as a functional tool. As a body responding to crises, the G20 has played a central role in providing the political momentum for the strong international cooperation that ensured greater policy coherence and helped ease situations that could otherwise have been decidedly worse. The G20’s agendas have encompassed short-term but critical issues of economic recovery, the sovereign crisis of Europe, high unemployment and financial sector regulation. But since moderate stabilization in the global economic environment, the focus of the group has also embraced long-term areas of governance and development. For emerging economies, such as India, the G20 has been an important platform framework to promote an inclusive global economic architecture that seeks to achieve equitable outcomes.

This book reviews the past 20 years of the G20, since it was conceptualized as a replacement for the G-7. While issues such as global financial order have been a constant area of discussion, one of the failures has been not recognizing and acknowledging the importance of issues like trade, climate change and future of work. Featuring academic papers by experts in the area, this book provides a platform for the necessary discourse on these issues.

4. India in the G20: Rule-taker to Rule-maker Edited By Manjeet Kripalani

This book analyses the importance of the G20 to India, its role so far, and how it can leverage its presidency year to be an influential author of new global rules.

In 2023, India will be the President of the G20 Summit, the world’s most influential multilateral economic forum. For countries like India, the G20 is a unique global institution, where developed and developing countries have equal stature. This creates opportunities to showcase their global political, economic and intellectual leadership, have a significant impact on the global economic governance agenda and make it more inclusive. This volume discusses how the Presidency year gives India the opportunity to ‘… hold the pen, write the rules’ and lead the G20 year intellectually, financially, managerially and administratively. It provides a ringside view of India’s path to the G20 Presidency and examines issues such as the core agenda of the G20; explains the significance of forums like T20, B20, and their proliferations; India’s journey as a marginal player in the G20 to its current status; issue of dedicated leadership and management; and India’s Agenda for 2023.

Topical, timely, important and lucidly written, this book in The Gateway House Guide to India in the 2020s series will be key reading for scholars and researchers of economics, multilaterals, global governance, strategic studies, defence studies, SAARC, UN Studies, foreign policy, international relations, international economics and international trade, as well as interest to policymakers, diplomats, career bureaucrats, and professionals working with think tanks, academia and multilateral agencies, and business.

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