The Prime Minister, now on his way to Mexico and Brazil to attend G -20 and Rio summits, has called for working to revive sustained global growth. In his statement prior to his departure for an 8 day visit to the two countries, Dr. Manmohan Singh voiced concern over the continuing problems in the euro zone. He said it will further dampen global market and adversely impact economic growth.
Dr. Singh made it clear that European leaders will have to take resolute action to resolve this crisis. The Euro crisis is affecting the global economic growth as it accounts for a major share of global economy and is also India's major trade and investment partner.
Dr.Singh asserted that there is a need to revive global growth and he will focus on the development dimension in the G-20 deliberations. He said there is also need to focus on investment in infrastructure as a means of stimulating growth. The Prime Minister said this is essential as the world economy is facing the heat in the backdrop of Euro zone crisis.
On the coordination on BRICS countries the Prime Minister said that the leaders of grouping have agreed to work with international community to ensure healthy economic recovery.
On the Earth Summit in Rio, the Prime Minister said the cardinal principles of Rio 1992 must not be diluted, particularly the principle of common but differentiated responsibilities as well as equity.The UN Conference on Sustainable Development is an historic opportunity to give meaningful content to paradigm of sustainable development.
The Rio+20 Conference is likely to debate complex and contentious issues such as green economy and Sustainable Development Goals.
During his visit, the Prime Minister is expected to hold separate meetings with Russian President Vladimir Putin, German Chancellor Angela Merkel, French President Francois Hollande, British Prime Minister David Cameron, Canadian Prime Minister Stephen Harper, Chinese Premier Wen Jiabao, Lankan President Mahinda Rajapaksa, Nepalese Prime Minister Baburam Bhattarai and other leaders.
