Sherpa is a senior official responsible for preparing the agenda for leaders to consider during the G-20 summit. Modi is expected to attend the summit in November.
Prabhu, who has a deep understanding of global issues including energy, climate change and infrastructure, had also gone to attend G-20 meeting at Australia last year as sherpa of the Prime Minister.
The sherpa meeting, a pre-summit preparation, will be held at Turkey on June 16 and 17 this year.
Turkey took over the presidency of the G-20 from Australia on December 1 last year.
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