Current:Home > MarketsAs G-20 ministers gather in Delhi, Ukraine may dominate — despite India's own agenda -FutureWise Finance
As G-20 ministers gather in Delhi, Ukraine may dominate — despite India's own agenda
View
Date:2025-04-27 13:59:32
India is basking in its role as host of this week's G-20 foreign ministers' summit, but hoping its agenda doesn't get dominated by the Ukraine war.
As president of the Group of 20 (G-20) major economies, India wants to steer the agenda for Wednesday's summit start toward priorities for the Global South: climate change, food security, inflation and debt relief.
Three of India's neighbors — Sri Lanka, Pakistan and Bangladesh — are seeking urgent loans from the International Monetary Fund, as developing countries in particular struggle with rising global fuel and food prices.
But those prices have been exacerbated by Russia's invasion of Ukraine, and tensions over the war threaten to overshadow everything else.
U.S. Secretary of State Antony Blinken, Russian Foreign Minister Sergey Lavrov and their Chinese counterpart, Qin Gang, are all expected to attend the two-day meeting in New Delhi.
Last July, Lavrov walked out of a previous G-20 foreign ministers' meeting in Indonesia, after Western delegates denounced the Ukraine war. Last April, at another G-20 meeting, U.S. Treasury Secretary Janet Yellen and representatives from other Western nations walked out when Russia spoke.
India's G-20 presidency comes when it feels ascendant
Last year, India's economy became the fifth-largest in the world, surpassing that of its former colonial occupier, Britain. Any day now, India is expected to surpass China as the world's most populous country. (Some say it's happened already.) Its growth this year is expected to be the strongest among the world's big economies.
The G-20 presidency is a rotating role: Indonesia had it last year, and Brazil hosts next. But Indian Prime Minister Narendra Modi's government has sought to bill it — at least to a domestic audience — as a personal achievement by the prime minister, as he runs for reelection next year.
Billboards with Modi's face and India's G-20 logo — which is very similar to Modi's Bharatiya Janata Party's own logo — have gone up across India. In recent weeks, highway flyovers in Mumbai and New Delhi have been festooned with flower boxes. Lampposts got a fresh coat of paint.
And slum-dwellers have been evicted from informal settlements along roads in the capital where dignitaries' motorcades are traveling this week.
Besides its focus on economic issues most relevant to developing countries, another reason India wants to steer the agenda away from Ukraine is that it has maintained ties with Russia despite the war. Modi has called for a cease-fire but has so far refused to condemn Russian President Vladimir Putin's invasion. And India continues to buy oil and weapons from Moscow.
But at a similar G-20 finance ministers' meeting last week, Yellen accused Russian officials in attendance of being "complicit" in atrocities in Ukraine and in the resulting damage to the global economy.
That meeting, held Feb. 22-25 near the southern Indian city of Bengaluru, ended without a final joint communique being issued. And analysts have cast doubt on whether this week's foreign ministers' meeting might end any differently.
veryGood! (94)
Related
- The Super Bowl could end in a 'three
- 'New Yorker' culture critic says music and mixtapes helped make sense of himself
- Danny Masterson sentenced to 30 years to life for rape convictions
- Residents and fishermen file a lawsuit demanding a halt to the release of Fukushima wastewater
- Senate begins final push to expand Social Security benefits for millions of people
- Lions spoil Chiefs’ celebration of Super Bowl title by rallying for a 21-20 win in the NFL’s opener
- Man pleads guilty to charges stemming from human remains trade tied to Harvard Medical School
- Stephen Strasburg's planned retirement hits a snag as Nationals back out of deal
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Lab-grown human embryo-like structures bring hope for research into early-pregnancy complications
Ranking
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Shiny 'golden orb' found 2 miles deep in the Pacific stumps explorers: 'What do you think it could be?'
- Authorities identify remains of 2 victims killed in 9/11 attack on World Trade Center
- Alabama pursues appeal of ruling striking down districts as racially discriminatory
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- King Charles honors mother Queen Elizabeth II's legacy on 1st anniversary of her death
- How to Watch the 2023 MTV VMAs on TV and Online
- Wynn Resorts to settle sexual harassment inaction claim from 9 female salon workers
Recommendation
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Nicki Minaj Returning to Host and Perform at 2023 MTV Video Music Awards
From piñata to postage stamp, US celebrates centuries-old Hispanic tradition
Oscar-winning actress Michelle Yeoh proposed to be an Olympic committee member
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Inside the renovated White House Situation Room: Cutting-edge tech, mahogany and that new car smell
Apple shares lost about $200 billion in value this week. Here's why.
OSU, WSU ask court to prevent departing Pac-12 schools from standing in way of rebuilding conference