The G20 grouping, which includes India, the US, and the EU,  has committed to taking synchronised steps to achieve a strong and resilient global recovery that creates jobs and growth. Following the conclusion of the two-day summit, which was attended by leading world leaders, the G20 Bali Leaders' Declaration was released.

In order to address shared issues, especially through international macro policy cooperation and direct partnerships, the G20 must adopt concrete, exact, rapid, and necessary actions at this pivotal time for the global economy, according to the proclamation. We will take coordinated actions to advance an agenda for a strong, inclusive, and resilient global recovery and sustainable development that delivers jobs and growth, it said. "In doing so, we remain committed to support developing countries, particularly the least developed and small island developing states, in responding to these global challenges and achieving the SDGs.

India was given the G20 chairmanship for the upcoming year by Indonesia earlier in the day.

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA, and the European Union are among the 19 nations that make up the G20 (EU). Together, they represent two-thirds of the world's population, 75% of global trade, and more than 80% of the world's GDP.

The G20 grouping will stay agile and flexible in macro-economic policy responses and cooperation."To support long-term growth, sustainable and inclusive, green and just transitions, we will make public investments and structural changes, encourage private investments, boost multilateral trade, and increase the resilience of global supply networks. Our central banks are dedicated to achieving price stability, therefore we will assure long-term budgetary sustainability," it said.

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