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Pittsburgh:
The Pittsburgh Summit of the G 20 has begun and one thing Prime Minister Manmohan Singh hopes to take away from the summit is a firm commitment by the world's most powerful countries to do more to create a more equitable world economic and financial order.
The latest summit of the G 20 is taking place as the global recession has begun to show signs of receding.
But as Prime Minister Manmohan Singh said in his statement on the day he left New Delhi for Pittsburgh, India and the rest of the world are still to come out of the woods.
The world has come a long way since the first G 20 summit in London in April, but a lot more needs to be done to ensure a complete and total recovery from the meltdown. And that's what India will be focussing on.
So what is India hoping to take away from the summit?
The Prime Minister has made it clear that India wants a recovery of the global economy and financial system that is coordinated, sustainable and enduring.
He will also push for more funds from the G 20 for multilateral development banks to finance the massive infrastructure needs of emerging markets.
India will stress on the need for the earliest possible return to trend growth and stabilisation of the banking and financial sectors in the advanced economies, as this directly affects India's exports, capital inflows and investment.
India will also push for more reforms in international financial institutions to give greater voice to under-represented countries.
The latest summit of the G 20 is taking place as the global recession has begun to show signs of receding.
But as Prime Minister Manmohan Singh said in his statement on the day he left New Delhi for Pittsburgh, India and the rest of the world are still to come out of the woods.
The world has come a long way since the first G 20 summit in London in April, but a lot more needs to be done to ensure a complete and total recovery from the meltdown. And that's what India will be focussing on.
So what is India hoping to take away from the summit?
The Prime Minister has made it clear that India wants a recovery of the global economy and financial system that is coordinated, sustainable and enduring.
He will also push for more funds from the G 20 for multilateral development banks to finance the massive infrastructure needs of emerging markets.
India will stress on the need for the earliest possible return to trend growth and stabilisation of the banking and financial sectors in the advanced economies, as this directly affects India's exports, capital inflows and investment.
India will also push for more reforms in international financial institutions to give greater voice to under-represented countries.
