November 10, 2010 12:19 PM

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PM leaves for Seoul to attend G-20 Summit

The Prime Minister has said, the Seoul G-20 Summit should aim at a balanced trading regime for international financial stability. Dr. Manmohan Singh, who leaves this morning for South Korea to attend the Summit tomorrow, is likely to suggest prescriptions for stable currency markets to help economic recovery. Dwelling on the G-20 agenda, Dr Singh said, the world needs a new balance between deficit countries and surplus economies. He said this balance can be achieved by paying more attention to development potential, including infrastructure development in developing world. Dr Singh was addressing a joint press conference with the US President in New Delhi on Monday on the first leg of Obama's Asia trip.Briefing the media about Prime Minister's visit, the Foreign Secretary Mrs Nirupma Rao said, as a representative of the leading emerging economies, India will pitch for a strong, sustainable and balanced growth at the summit Mrs.Rao said, the leaders will also review the status of world recovery and progress made in the implementation of past G-20 decisions.Currency concerns and trade imbalances will be the major issues in the G-20 summit. Our correspondent covering the Summit, reports that the issues of unemployment and low wages will also be taken up during the two day summit.

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