India is heading the G20 summit in the national capital. With the rise of prominent high-end economies whose GDPs have all exceeded preconceived expectations, like India, which recorded a GDP of 7.8%. Especially, coming out of the COVID pandemic, India has been building its economy by sheer grit and determination, producing a surplus fiscal deficit. Heavyweights like the US and China have been bogged down by stubborn inflationary pressures, which hamper productivity in the gross net.
In the aftermath of the moon exploration and soft landing, India has achieved a special status in a four-member elite club, displaying its abundant prowess in space technology. This exclusive group comprises the US, China, Russia, and India. India could see a potential space technology export market in the future, wherein nations in this G20 bloc willing to do bilateral space business could catapult our nation into a win-win situation.
Foremost on the agenda of the G20 will be climate change, which is afflicting the Earth’s environment. India will impress upon high fossil fuel emission countries to cut down or trim high emissions by leaning on to renewable solar energy. India should guide and set the agenda to its advantages, by stressing on the beneficial aspects of bilateral trade with emphasis on exports.
