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G20 to tackle global economic threats

BENGALURU, India: Top financial leaders from the Group of 20 (G20) leading economies are gathering in the south Indian technology hub of Bengaluru this week to tackle myriad challenges to global growth and stability, including stubbornly high inflation and surging debt.

India is hosting the G20 financial conclave for the first time in 20 years. Later in the year, it will convene its first summit of G20 economies. The meetings offer the world's second most populous country a chance to showcase its ascent as an economic power and its status as a champion of developing nations.

FACING CHALLENGES India’s Secretary of Department of Economic Affairs Ajay Seth (second from right) speaks during a press conference on the eve of G20 financial conclave in Bengaluru, India on Tuesday, Feb. 21, 2023. Top financial leaders from the G20 leading economies are gathering in the south Indian technology hub of Bengaluru to tackle challenges to global growth and stability. AP PHOTO