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Los Cabos, Mexico, June 18 (IBNS) Prime Minister Manmohan Singh on Sunday said the G20 should come up with ways to get the world out of the deep economic trouble.
On his arrival here at Los Cabos for the G20 Summit, the PM said: "The world is in deep trouble, I hope the G20 will come up with constructive proposals to get the world out of this crisis."
He said the G20 is a premier group dealing with international economic cooperation.
Earlier, prior to his departure, the PM said G-20 Leaders will meet again in the shadow of the economic crisis in the Eurozone and a faltering global economy.
"This situation in Europe is of particular concern as Europe accounts for a significant share of the global economy and is also India’s major trade and investment partner. Continuing problems there will further dampen global markets and adversely impact our own economic growth.
"It is our hope that European leaders will take resolute action to resolve the financial problems facing them," he said.
He said the immediate concern is the need to revive global growth.
"It is imperative that the G-20 countries work in coordination to implement policies that promote sustained growth."
"I will stress the need to ensure primacy of the development dimension in G-20 deliberations and the need to focus on investment in infrastructure as a means of stimulating global growth," he said.
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