G-20

At the same time, the economist-Prime Minister is
conscious that the recovery is still fragile and uneven as new
worrying signs have emerged in the Euro Zone.
The challenge of the Toronto Summit, being hosted by
Prime Minister Stephen Harper of Cananda, is three-fold,
according to Singh.
They are -- 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.
The theme of the Toronto Summit is "Recovery and the
New Beginning" in which it is expected to deliberate on a
"framework for strong, sustainable and balanced growth".
Planning Commission Deputy Chairman Montek Singh
Ahluwalia, the Indian sherpa at the Summit, and top officials
including Finance Secretary Ashok Chawla are already here
ahead of Prime Minister's arrival working with negotiators on
issues like how much stimulus should be continued and how
much should be pulled back.
"It all depends on fiscal consolidation of the
individual country's economy vis-a-vis the global economy. The
countries which are still sluggish want the stimulus to
continue and those like India, which have recovered fairly
well from the 2008 crisis, would like a phased withdrawal,"
Indian officials say. MORE PTI