Developed world crisis could spread: PM

8220;Even though the crisis is only affecting developing countries at the moment, it could extend to the rest of the world,8221; Singh, who is on a visit to France, said.

8220;If the financial crisis starts a recession in the main economies, that would compromise our exports,8221; he added.

He said India and China were important players in the world economy but alone could not pull the world economy out of its troubled period.

8220;The main responsibility is with the developed countries, but India and China can play a part in the solution,8221; he said.