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G-20 needs to send a strong signal against all forms of protectionism: India
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merisarkar news service.
September 24, 2009 |
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Prime Minister Dr. Manmohan Singh has said that the world leaders meeting at Pittsburgh must send a strong signal against all kind of protectionism.
He said that developing countries like India must be given a greater say in the management of international financial institution.
Prime Minister Dr. Manmohan Singh said, "It is necessary for India to engage in the management of the world economy because we have a lot at stake, and a lot to contribute."
He said in a statement "I leave today to attend the Summit of G-20 Leaders in Pittsburgh, USA. This is the third Summit of the G-20 Leaders in less than a year. This reflects the seriousness which the G-20 countries attach not just to the recovery of the global economy and financial system, but to a recovery that is coordinated, sustainable and enduring."
He said that due to 6.7 per cent economic growth in 2008-09 India approaches the Pittsburgh Summit with a sense of confidence.
The Prime Minister said that the country’s growth is largely driven by domestic demand.
He said, "We would also like to see a strong message to emerge from Pittsburgh against protectionism in all its forms, whether trade in goods, services, investment or financial flows."
The Prime Minister said, during the summit he looks forward to exchanging views on these and other matters with several of the leaders who will be present, including the new Prime Minister of Japan.
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