"It is a significant moment for India, it will be chairing the grouping and the Presidency starts from December 1st. This is the first time that India will be the President of the grouping that essentially became a grouping of heads of government or states after the 2008 financial crisis," says WION reporter Sidhant Sibal reporting straight from Bali.

G20 summit: 'Significant moment for India,' PM Modi takes over G20 presidency

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G20 summit: 'Significant moment for India,' PM Modi takes over G20 presidency