New Delhi, December 7
Prime Minister Manmohan Singh has impressed upon the West to come to terms with the rise of India and China, and indeed Asia, and stressed that global institutions must change and evolve in accommodating the new reality in the multilateral framework.
Addressing the London School of Economics Asia Forum here today, he was categoric that restructuring of the United Nations and the United Nations Security Council (UNSC) was as important as reforms in the global trading system.
This, he observed, was as true for the reform and revitalisation of the United Nations and the restructuring of the UNSC as well as the multilateral trading regime for the protection of the global environment and the security of energy supplies.
"Just as the world accommodated the rejuvenation of Europe in the post-war period, it must
accommodate the rise of new Asian economies in the years ahead", he said.
He said both India and China were bound to regain a considerable part of their share of the world GDP.
