PM Modi urges people to participate in Logo Design Contest for G-20 Presidency of India
Prime Minister Narendra Modi has urged people to participate in the logo design competition for the G-20 Presidency of India.
He said, it is a special competition which celebrates the creativity of the youth of the country.
The logo design competition window is open to the participants from today till 7th of next month.
The Ministry of External Affairs has invited logo designs for the upcoming G20 Presidency of India.
The first winner will get a prize of one lakh 50 thousand rupees and the next five best entries will receive 15 thousand rupees each.
The logo design should include artistic expressions of colour combination and arrangement in the national tricolour.
The "Group of 20" (G20) is made up of finance ministers and central bank governors from 19 countries and the European Union.
Member countries - Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Republic of Korea, Turkey, United Kingdom and United States of America.
It is a major forum for international economic cooperation.
The G20 plays a strategic role in achieving future global economic growth and prosperity.
Origins of the G-20
In the wake of the 1997 economic crisis, the G7 finance ministers announced the creation of a "Group of 20".
The first official meeting of the G20 was held in Berlin in December 1999.
G-20 leaders have met every year since 2010.
Contribution of G -20
G20 member countries represent more than 80% of world GDP, 75% of international trade and 60% of the world's population.
Presidency of G -20
Its presidency rotates with each member country.
India will hold the Presidency of the G-20, for the first time, from 1st December 2022 to 30 November 2023 culminating in the G-20 Summit in 2023.
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