Lok Sabha Speaker Om Birla has said that the  spirit of mutual cooperation is the foundation of success of G-20. Addressing the closing ceremony of the 8th Summit of Speakers of G-20 Parliaments, P20  in Jakarta, Indonesia, Mr Birla said,  India believes that global prosperity, economic opportunities and challenges are interlinked subjects. He opined that Parliaments of the G-20 Member countries should collectively contribute to the strengthening of parliamentary and community participation mechanisms in governance, taking into account shared visions and their concerns.<br />''<br />''Speaking on India's glorious journey of democracy in the last 75 years, the Lok Sabha Speaker said that smooth transfer of power according to people's mandate has been a specialty of our Constitution and democracy. He further said that Indian Parliament protects the interests of the citizens of the country and guides in making laws and policies to fulfill the hopes and aspirations of the people.<br />''<br />''On the strategies to deal with the challenges being faced by the world in the 21st century, he observed that we should all lay emphasis on shared efforts, regular sharing of best practices and dialogue to deal with the future challenges. Mr Birla added that regular dialogue and shared efforts among ourselves should guide our Parliaments to innovate within our sovereignty and to tackle and solve challenges.<br />''Inviting his counterparts to the ninth summit of the G20 next year, he said India looks forward to welcoming all the representatives of the P-20 countries next year.