PM: Growth the core agenda,not eurozone

A senior official said the G-20 hasn’t delivered enough after the Pittsburgh and London summits.

Written by KG Narendranath | On Board Prime Minister's Aircraft | Published:June 17, 2012 12:34 am

India on Saturday clearly signalled that its patience is running out with the Group of 20 counties’ (G-20) which has since the 2009 Pittsburgh summit gradually but decisively shifted focus from its core objective: balanced and sustainable global growth.  

New Delhi’s concern over the G-20 having to devote much time to resolving the intractable and worsening euro zone crisis was expressed by Prime Minister Manmohan Singh before his departure for the group’s two-day summit at Los Cabos,Mexico beginning Monday.

India is acutely aware that with China’s current account surplus shrinking,the OPEC countries have become the biggest source of global imbalance,a fact the G-20 has failed to recognise. A senior official said the G-20 hasn’t delivered enough after the Pittsburgh and London summits. India wants the group to revisit the original agenda of sustainable growth with as much clarity of purpose as it handles the eurozone crisis.

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