ID :
129809
Fri, 06/25/2010 - 22:46
Auther :
Shortlink :
https://oananews.org//node/129809
The shortlink copeid
Global economic recovery still fragile : PM
LD PM
New Delhi, Jun 25 (PTI) As he left for the G-20 Summit in
Toronto, Indian Prime Minister Manmohan Singh Friday 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 Saturday
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. PTI VSC
RDM
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New Delhi, Jun 25 (PTI) As he left for the G-20 Summit in
Toronto, Indian Prime Minister Manmohan Singh Friday 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 Saturday
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. PTI VSC
RDM
The information contained in this electronic message and any attachments to this
message are intended for the exclusive
use of the addressee(s) and may contain proprietary, confidential or privileged
information. If you are not the intended
recipient, you should not disseminate, distribute or copy this e-mail. Please
notify the sender immediately and destroy
all copies of this message and any attachments contained in it.
Delete & Prev | Delete & Next
