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India will assume the presidency of the G20 ( Group of Twenty ) for a year starting 1 December 2022 to November 2023 . The next G20 summit will be held in New Delhi on September 9 and September 10, 2023 . India will invite Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain and UAE as Guest countries, as well as ISA ( International Solar Alliance ) , CDRI ( Coalition for Disaster Resilient Infrastructure ) and ADB ( Asian Development Bank ) as Guest International Organisations . About G20 The G20 is an intergovernmental forum of the world ’ s major developed and developing economies . It comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, and the US, and the European Union . The G20 presidency keeps rotating every year among member nations . The G20 accounts for 85 % of global GDP, 75 % of international trade and two - thirds of the world population . Founded : 26 September 1999 Chairman : Joko Widodo, President of Indonesia