India will be hosting the G20 Summit in 2023, a statement from Ministry of External Affairs said.

According to an announcement made by the G20 leaders stated that India was supposed to host the 2022 edition.

"We thank Saudi Arabia for hosting a successful Riyadh Summit and its contribution to the G20 process. We look forward to our next meetings in Italy in 2021, Indonesia in 2022, India in 2023 and Brazil in 2024," the G20 Riyadh Summit Leaders Declaration said.

According to PTI, "The order of the rotating presidency is decided among member states on the basis of consultations and mutual convenience."

The Ministry of External Affairs said it was decided that the G20 presidency will be held by Indonesia in 2022, India in 2023 and Brazil in 2024.