INDIAN Prime Minister Manmohan Singh called on G20 leaders to find a quick resolution to the Eurozone crisis and said this was also imperative for emerging and poor economies to meet their developmental challenges.
Ahead of his departure for G20 Summit at Cannes in French Riviera on Wednesday, Singh said: “It is imperative that the difficult decisions needed to address the economic challenges in Europe and elsewhere are taken swiftly.”
“India would like the Eurozone to prosper, because in Europe’s prosperity lies our own prosperity. It is important for the Cannes Summit to signal a strong and coordinated approach to put the global economy back on track, while addressing medium term structural issues,” he said.
“Developing economies such as India need a conducive global economic environment to address the vast challenges they face. In an increasingly interdependent world, we have to be wary of contagion effects and the import of inflationary pressures in our economy.”
At Cannes, besides attending the G20 Summit Thursday and Friday, the prime minister is also expected to hold bilateral meetings with his host and French President Nicolas Sarkozy, British Prime Minister David Cameron and Australian Prime Minister Julia Gillard. Agencies
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