What is the significance of the G-20 Leaders' Declaration adopted at the New Delhi Summit

The G-20 Leaders' Declaration adopted at the New Delhi Summit holds significant importance for India due to several reasons: 1. Economic Cooperation: The declaration emphasizes the need for enhanced cooperation among G-20 countries to overcome global economic challenges, promoting a stable and inclusive economic growth. 2. Focused Development: It highlights the importance of sustainable development, poverty eradication, and addressing climate change. This aligns with India's priorities of inclusive growth, poverty reduction, and environmentally sustainable practices. 3. Emphasis on Infrastructure: The declaration encourages investment in infrastructure development, which aligns with India's focus on improving its infrastructure to support economic growth and development goals. 4. Financial Sector Reforms: It emphasizes the need for global financial sector reforms to enhance stability and prevent future crises, which can benefit India's financial sector reforms and strengthen its financial systems. 5. International Tax Cooperation: The declaration recognizes the significance of international tax cooperation to prevent tax evasion, which can help India in its efforts to combat tax evasion and promote tax transparency. 6. Global Governance Reform: It calls for reforms in global governance institutions, including the United Nations, International Monetary Fund, and World Bank, to better reflect the current global economic realities and give developing countries a greater voice, which is in line with India's aspirations for a more equitable global order. Overall, the G-20 Leaders' Declaration presents opportunities for India to collaborate with other countries on various economic, developmental, and global governance issues, thereby strengthening its position in the international community.