The Group of Twenty (G20) is the leading international forum for economic cooperation, comprising 19 countries and the European Union. Founded in 1999 in response to the Asian financial crisis, it was elevated to a leaders' summit in 2008, addressing various global economic issues. India currently holds the G20 presidency from December 1, 2022, to November 30, 2023. The G20 focuses on macroeconomic stability, trade, climate change, sustainable development, and other critical areas affecting the global economy, collectively representing a significant portion of global GDP and trade.
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