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Economic meltdown gets India, UK on talking table
Published on Sat, Sep 27, 2008 at 08:16, Updated on Sat, Sep 27, 2008 at 14:56 in World section
Tags: Gordon Brown, Manmohan Singh , New York
TAKING STOCK: British PM Gordon Brown urged G20 countries to take part in the discussions of economic meltdown.
New York: During the Indo-UK bilateral meet prior to UN General Assembly, British prime minister Gordon Brown conceded that more countries should be embedded in the discussions to solve the economic meltdown and create a new financial architecture.
He suggested that negotiations must involve G-20 countries represented by nations like India, Brazil and China apart from the G-8 members.
In return, Indian Prime Minister Manmohan Singh offered cooperation to UK in this hour of financial fragility.
Prime minister Brown also emphasised on the restoration of financial
confidence for a lucrative growth of the global economy.
The two countries’ talks centred on trade and economic issues.
They both agreed the need of a single monitoring mechanism to assess the global financial system.
Deputy Chairman of Planning Commission Montek Singh
Ahluwalia was part of the Indian delegation to the United Kingdom.
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The problem with the world's largest economy is completely systemic. If the economy is not MANAGED tactfully at this stage,
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