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In the weeks leading to the New Delhi summit, G20 countries had struggled to find a consensus on the Ukraine conflict with the West demanding countries call out Moscow for its invasion of Ukraine and Russia saying it would block any resolution that did not reflect its views.Reuters
India managed to hammer out the unexpected consensus among the G20 countries on the contentious Ukraine conflict through a series of hectic negotiations with emerging economies such as Brazil, South Africa and Indonesia playing a leading role in reaching the agreement on the declaration.
Beijing decided not to stand in the way of the emerging agreement on the final document, so long as its core interests were not jeopardised
“We recognise that startups and MSMEs are natural engines of growth. They are key to socio-economic transformation by driving innovation and creating employment. We welcome the establishment of the Startup20 Engagement Group during Indias G20 presidency and its continuation,” the declaration said.