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Rich nations must not harm developing economies: Manmohan Singh

St. Petersburg: Prime Minister Manmohan Singh arrived in this north-western city of Russia Wednesday to join other leaders at the 8th G20 Summit and find ways to tackle the challenges faced by the global economy,

IANS Published : Sep 04, 2013 19:32 IST, Updated : Sep 04, 2013 19:37 IST
rich nations must not harm developing economies manmohan
rich nations must not harm developing economies manmohan singh

St. Petersburg: Prime Minister Manmohan Singh arrived in this north-western city of Russia Wednesday to join other leaders at the 8th G20 Summit and find ways to tackle the challenges faced by the global economy, especially the turmoil in currency markets, and ask rich nations not to pursue policies that harm the growth prospects of emerging economies.






Apart from attending the summit and holding bilateral talks, the prime minister during the visit will also avail an opportunity to meet with leaders from Brazil, Russia, China and South Africa, which collectively form the BRICS grouping.

The prime minister will return to New Delhi on Saturday.

Among the bilateral meetings, officials confirmed one with French President Francois Hollande Friday and said others -- which may be in the nature of a structured talks or a pull aside -- were being worked out.

Ahead of the summit, the prime minister said rich nations, which are showing signs of recovery, must not pursue policies that hurt the growth prospects of emerging economies and that the collective focus must be on job creation and investment promotion in a bid to spur growth and sustain it.
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