New Delhi, June 25
Prime Minister Manmohan Singh today said the G-20 Summit was expected to deliberate on a framework for strong, sustainable and balanced growth.

Prior to his departure to Canada, Singh said: “India will participate in this exercise and project our expectations from the global economic and financial system, and the kind of global growth processes that we seek.” “We will highlight the importance of development issues in the future work of the G-20,” he added.

Singh said: “The challenge of the summit will be three-fold -- to ensure that global economic recovery is durable, balanced and sustainable; to calibrate exit strategies in the light of growing concerns over expansionary fiscal policies; and to focus on medium and long-term structural issues relating to governance issues.

“To meet our development targets, it is necessary that the global economy continue to recover in a stable and predictable manner.”

Singh said the coordinated policy actions taken by the G-20, since the first summit in Washington in November 2008, had not only helped to prevent a crisis of the type the world saw in the 1930s, but also contributed to global economic recovery.

“This is a sign of the G-20’s success. At the same time, we have to be conscious that the recovery is still fragile and uneven. New worrying signs have emerged in the euro zone,” he said. — ANI