INDIA
As he left for the G20 Summit in Toronto, SIngh asked world leaders to calibrate exit strategies in the light of growing concerns over expansionary fiscal policies.
As he left for the G-20 Summit in Toronto, prime minister Manmohan Singh today cautioned that the global economic recovery is "still fragile and uneven" and asked world leaders to calibrate exit strategies in the light of growing concerns over expansionary fiscal policies.
"We need investment and capital flows, as well as an open and rule based trading system that does not succumb to protectionist tendencies," Singh said in a departure statement here.
Singh will be attending the two-day Summit from tomorrow
during which he will also have talks with US president Barack
Obama and other leaders.
The challenges before the Toronto Summit were three-fold, he said. These would be to ensure that global economic recovery is durable, balanced and sustainable; to calibrate exit strategies in the light of growing concerns over expansionary fiscal policies; and to focus on medium and long-term structural issues relating to governance issues.
"As the Indian economy grows and further integrates with the international system, we have an increasingly direct stake in all these matters," he said, adding to meet "our ambitious development targets it is necessary that the global economy continue to recover in a stable and predictable manner."
Singh said the coordinated policy actions taken by the G-20 countries since November 2008 have not only helped to prevent a crisis of the type the world saw in the 1930s but also contributed to global economic recovery.
"This is a sign of the G 20’s success. At the same time, we have to be conscious that the recovery is still fragile and uneven. New worrying signs have emerged in the Euro zone," he said.
On the margins of the Summit, Singh would hold separate
meetings with Obama, French President Nicolas Sarkozy, British
prime minister David Cameron and Japanese Prime Minister Naoto Kan.
He would hold bilateral talks with Canadian prime minister Stephen Harper when the two sides are expected to sign a deal
providing for cooperation in the field of civil nuclear energy, paving the way for supply of uranium and cooperation in research, development, waste management and radiation safety.
Singh's delegation includes deputy chairman of Planning Commission Montek Singh Ahluwalia, his sherpa in the
summit, National Security Adviser Shivshankar Menon, finance
secretary Ashok Chawla and other officials.
Russia plans to boost birth rate with 'Ministry of Sex', here's how
Jharkhand HC issues notice to MS Dhoni in business deal case, asks him to...
IND vs SA, 3rd T20I Dream11 prediction: Fantasy cricket tips for India vs South Africa match
Meet IAS officer, aka 'Collector Bro', who cracked UPSC exam in 2007, now suspended due to...
Here’s why Chunky Panday wouldn’t stay in Shah Rukh Khan’s house in London
Yash's Toxic in trouble? FIR filed against producers of KGF star's upcoming actioner for illegal...
Meet Dr Priti Challa, Kangana Ranaut film director Krish Jagarlamudi's second wife, she leads...
Yaariyan actor Himansh Kohli ties the knot with mystery girl in Delhi temple, first wedding pics out
‘Sometimes I wish I was more tough, more thick-skinned,’ says Aishwarya Rai in viral video
KL Rahul sweats hard in Perth nets ahead of BGT series, WATCH video here
Shahid Kapoor, wife Mira Kapoor rent out their Rs 580000000 luxury Mumbai apartment for Rs...
South Korean actor Song Jae-rim dies at 39 in Seoul apartment
Viral video: Thar SUV gets stuck on railway track after man tries to shoot reel, watch here
Elon Musk's new X post claims Putin must not be blamed for Russia-Ukraine war, instead names…
Fabulous Lives vs Bollywood Wives fame Shalini Passi reveals 'Mom used chilli powder in my...'
My experiences with dating apps
Zomato CEO Deepinder Goyal reveals how company got its name, says 'we wanted…'
Key Differences Between the Indian Stock Market and Global Indices
Stock prices vs company valuation: Is your stock worth it?
Navjot Singh Sidhu is back on Kapil Sharma's show after five years, but there's a twist
Mukesh Ambani set to invest Rs 65000 crore in THIS Indian state, it will be Reliance's biggest...
Mohammed Shami to return to competitive cricket; star pacer set to play for…
Makoons World School brings a new approach to K-12 education across India
Pakistan Cricket looking to take BIG step on Champions Trophy issue, planning to...
Did Isha Ambani lend Neetu Kapoor her Navratna necklace? Reddit users react
J-K: Gunfight underway between security forces and terrorists in Bandipora
Viral video shows women as 'live mannequins' in mall, sparks fury; WATCH
As Vistara bids goodbye, Air India-Vistara's first flight takes off from Mumbai to...
GATE 2025 Schedule: Exams to begin from February 1; Check full timetable here
CBSE announces BIG changes in Class 10,12 board exams 2025, know details here
Veteran Bengali actor Manoj Mitra dies at 86
Isha Ambani graces Diwali party as she walks with her twins, husband, WATCH
Donald Trump plans to pick Marco Rubio as US Secretary of State: Report
Vadodara IOCL refinery fire: Death toll rises to 2; probe underway
Shah Rukh Khan death threat: Mumbai police arrest accused from Chhattisgarh's Raipur
Delhi reports record high chikungunya, malaria cases in 5 years
Japan's Nara deer's polite bow to Indian woman leaves netizens in awe, WATCH
Meet MS Dhoni’s sister Jayanti Gupta who works as teacher, is married CSK star's...
Pakistani TikTok star Minhal Malik's popularity soars in India, sees unprecedented 100-time surge
Seo Hyun Jin dramatically apologises to BTS ARMY, says 'I know a lot of...'
Amid threats of violent protests, Brampton Triveni temple cancels event
Mike Waltz, India caucus head, named Donald Trump's National Security Advisor
Mukesh Khanna returns as Shaktimaan, 90s kids dance with joy
This Indian man owns a train, he's not Mukesh Ambani, Gautam Adani, has net worth of...
SSC CHSL Exam 2024 admit cards to be released today at ssc.gov.in; get direct link here
‘He will play his last game in…’: CSK CEO provides massive update on MS Dhoni’s IPL future