New Delhi: Prime Minister Narendra Modi on Sunday announced the conclusion of the G20 Summit here and proposed to hold a virtual G20 session in November to review the suggestions and proposals made at the premier forum for international economic cooperation.

“As you all know India has the responsibility of G20 presidency till November 2023. In these two days, all of you gave a lot of suggestions and placed proposals. It is our duty to see how faster progress can be achieved on these,” PM Modi said.

"I propose that at the end of November, we hold a virtual session of G20. We can review the topics decided in this Summit, in that virtual session. I hope you all will connect in the virtual session. With this, I declare the conclusion of the G20 Summit," he added.

Before declaring that the summit had ended, PM Modi handed over the ceremonial gavel of the Group of 20 presidency to Brazil President Luiz Inacio Lula da Silva.

"I congratulate Brazilian President and my friend Lula da Silva and hand over the gavel of Presidency," PM Modi said.

Earlier Indonesian President Joko Widodo and Luiz Inacio Lula da Silva handed over saplings to Prime Minister Narendra Modi ahead of Session 3 of the G20 Summit.

While Indonesia held the G20 presidency last year, Brazil will hold the presidency after India.

India took over the G20 presidency on December 1 last year at the G20 Summit in Bali and will continue to hold it till the end of November.

The New Delhi Declaration was adopted by G20 leaders on Saturday, the first day of the Summit.

The G20 leaders visited Rajghat on Sunday morning to pay tributes to Mahatma Gandhi.