India to host G20 summit in 2022

India will host the G20 summit in 2022, when the country celebrates its 75th year of Independence. The announcement was made at the closing ceremony of the 2018 G-20 held in Argentina’s captial Buenos Aires.The G-20 is a grouping of the world’s 20 major economies. Its comprise Argentina, Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the UK and the U.S. Collectively, the G-20 economies account for nearly 90% of the gross world product, 80% of world trade, two-thirds of the world population, and approximately half of the world land area. Spain is a permanent guest invitee. Earlier, Italy was to host the international forum in 2022.