TNPSC Current Affairs July 2017,7
G-20 is also known as group of 20 nations, the 12th annual meeting held in Hamburg, Germany.
- It is Group of 20 is an international forum which bring together worlds twenty leading industrialised and emerging economies to discuss key issues in the global economy.
- It also accounts of 85 % of worlds GDP and 2/3rd population.
- The G20 countries are Argentina, Australia, Brazil, Canada, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Korea, Turkey, UK, US, China, South Africa and European union.
- G20 chairmanship will rotates annually between the nations, in 2016 G20 was chaired by China, this year it is chaired by Germany and in 2018 it will chaired by India.