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27 Jun G-7 (Group of Seven)

Posted at 27 Jun 2022 in Current Affairs by anoop singh 0 Comments

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It is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. Also European Union is a ‘non-enumerated member’. It formed as on 25 March 1973.
As of 2020, the collective group accounts for over 50 percent of global net wealth (which is $418 trillion), 32 to 46 percent of global gross domestic product, and approximately 770 million people or 10 percent of the world’s population.
The G7 is not based on a treaty and has no permanent secretariat or office and its presidency rotates annually among the member states. The Hindu Analysis
First Summit was held in France (Nov-1975) as G6 and further Canada joined the group, forming G7. Recently 48^th Summit held in Germany (26-28 June-2022)
Besides India, Germany has also invited Argentina, Indonesia, Senegal and South Africa as guests for the summit to recognise the democracies of the world as its partners.
India focused on following issues such as Climate, energy, food security, counterterrosim, environment, gender equality and democracy.