As the national capital is set to host the big G20 Summit, the streets and public areas in New Delhi are being decked with decorative lights, ornamental plants, fountains and hoardings. Cleaning of roads and other public areas is being done. The G20 Summit will be held in Delhi on September 9 and 10. India assumed the G20 Presidency on December 1 last year. Delhi NCT government’s public works department and municipal corporation are busy round the clock to make the Summit a grand success. G20 was founded in 1999 after the Asian financial crisis as a forum for Finance Ministers and Central Bank Governors to discuss global economic and financial issues. It was upgraded to the level of Heads of State or Government in the wake of the global economic and financial crisis of 2007, and, in 2009, was designated the “premier forum for international economic cooperation”. The G20 nations represent around 85 per cent of the global GDP, over 75 per cent of the global trade, and about two-thirds of the world population.
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