India takes over G20 presidency for 2023 — details here

"The theme affirms the value of all life – human, animal, plant, and microorganisms – and their interconnectedness on the planet Earth and in the wider universe," the government said.

India G20 Logo (Credit: PIB)

The G20 Logo draws inspiration from the colours of India’s national flag – saffron, white and green, and blue. "It juxtaposes planet Earth with the lotus, India’s national flower that reflects growth amid challenges. The Earth reflects India’s pro-planet approach to life, one in perfect harmony with nature. Below the G20 logo is “Bharat”, written in the Devanagari script," the PIB said.

PM Modi said India's G20 logo has been inspired by the lotus and represents "our strong beliefs. We have given a message of peace and non-violence with this logo and theme."

The G20 is a forum of the world's major developed and developing economies. It comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US, and the European Union (EU).

Together, they account for over 80 per cent of the global GDP, 75 per cent of international trade and two-thirds of the world population

The handing-over ceremony was held at the conclusion of the two-day G20 summit in Bali, Indonesia. The summit ended with the member states finalising the joint declaration. Foreign Secretary Vinay Kwatra was quoted by PTI as saying that India has contributed 'constructively' to drafting of G20 'outcome document'.