The Prime Minister Dr. Manmohan Singh left for Los Cabos in Mexico to attend the crucial G-20 summit which has been over shadowed by the economic crisis in Eurozone, after an overnight stay at Frankfurt. The two day summit beginning tomorrow is likely to devote substantial time to deliberate on an action plan to revive growth, amidst a meltdown witnessed in several countries.

US President Barack Obama had called Prime Minister Manmohan Singh, prior to his departure to Mexico and agreed to work closely together towards a successful summit. The two leaders agreed on the importance of steps to strengthen the resilience of the global economy in response to persistent risks in the Eurozone and on focusing on measures to boost global growth.

In his Departure statement, Dr Singh expressed the hope that European leaders will take resolute action to resolve the financial problems facing the region. Dr Singh said continuing problems in Europe would dampen global markets and adversely impact India’s economic growth. Pitching for development to be core of the deliberations in the G-20 summit, the Prime Minister stressed the need to focus on investment in infrastructure as a means of stimulating global growth.