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The first section of the paper narrates origin and evolution of Group of Twenty (G-20). The second section reviews its contribution while the third provides assessment and prospects for G-20. The fourth section mentions possible approaches to reforms of the international financial architecture. The concluding part elaborates on the new realities that G-20 should take note of and makes a brief reference to the importance of India in the process.

The first section of the paper narrates origin and evolution of Group of Twenty (G-20). The second section reviews its contribution while the third provides assessment and prospects for G-20. The fourth section mentions possible approaches to reforms of the international financial architecture. The concluding part elaborates on the new realities that G-20 should take note of and makes a brief reference to the importance of India in the process.

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