Analysis of group twenty (G20) impact on foreign direct investment inflows to India

The Group Twenty is primarily an association for international economic integration among leading economies. It comprises 19 individual nations and the European Union, representing both evolved and low and third world nations. It works to tackle significant issues related to the global economy, such as global financial well-being, combat negative effects of climate change and sustainable growth. The Group Twenty was set up by finance ministries of the majority of the world's prominent economies inclusive of both industrialised and emerging nations; these economies attributes for around 80% of Gross World Product (GWP), 75% of international trade, 66.67% of the world population and 60% of the global surface area. The Group Twenty was formed in 1999 in reaction to the financial and monetary crises of the late 1990s. This group has evolved into a platform that influences a large number of economic policies of the nations, including those about Foreign Direct Investment (FDI). Foreign investment has been a significant catalyst of economic development and advancement in India since the decade of twenties. The Group Twenty has come to aid to raise foreign investment in India by providing an assembly for communication between governments and businesses. The Group Twenty has also helped to upgrade the market environment in India by encouraging amendments such as the establishment of an insolvency law. This research paper explores the impact of India's membership in Group of Twenty (G20) on the FDI inflows to India during 2000-01 to 2023-24. This paper examines the history of all Group Twenty Summits, declarations and future plans. It also has analysed the initiatives, policies, and collaborations within the G20 that have impacted FDI trends in India.