The Prime Minister will voice India's stand for removal of protectionism at the Seoul G-20 Summit to bring about stability in the world economy. Dr. Manmohan Singh who will be leaving for South Korea on Wednesday to attend the Summit, is also likely to suggest prescriptions for stable currency markets to help economic recovery.Briefing the media, about the visit, the Foreign Secretary Mrs. Nirupama said, as one of the leading emerging economies, India will pitch for a strong, sustainable and balanced growth at the summit. She said reforms of International Financial Institutions and regulatory mechanisms, trade and protectionism, climate change and development as a new theme will be the other issues of deliberations.Mrs.Rao said world's developed and developing economies will also review the status of world recovery and progressed made in the implementation of past G-20 decisions. The theme of the 5th G-20 summit is shared growth beyond crisis.The Foreign Secretary said that the Grouping of 20 powerful countries has acheived credibility for being able to address the great recession of 2008 in a concerted, coordinated and effective manner.The Prime Minister will also have bilateral meetings with heads of states from UK, Canada, Ethiopia and Brazil. Dr.Singh will return Home on 12th November after attending the Summit meetings.
News On AIR | November 9, 2010 8:58 PM
India to plead for removal ofprotectionism at G-20 Summit for stanility in world economy