Prime Minister reaches Russia to take part in G20 Summit

Moscow, September 5: Prime Minister Manmohan Singh reached Russia where he will attend the two day G20 summit which begins on Thursday and that is expected to focus on minimizing the external impact when major developed countries gradually phase out fiscal stimulus.

The two day summit is expected to focus on minimizing the external impact when major developed countries gradually phase out fiscal stimulus.

This would cause volatile capital flows into emerging markets and put pressures on their currencies.

The G20 leaders would also deliberate on issues like stimulus in Euro zone, and quota reforms at multilateral institutions.

Dr. Singh has attended all previous G20 summits since the first meet in Washington in 2008. He is due to return on Saturday.

The main theme of the 8th G20 summit is starting a new cycle of growth through quality jobs and investment, trust and transparency and effective regulation.

The past summits were held in Washington, London, Pittsburgh, Toronto, Seoul, Cannes and Los Cabos.

Besides India, the G20 comprises Argentina, Australia, Brazil, Canada, China, France, Germany, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the UK, the US and the European Union.