Pittsburgh: Prime Minister Manmohan Singh concluded his engagements at the G20 Summit in US with a clear victory for India and other emerging economies in getting a greater say in the affairs of the global financial system and its regulation.
The Prime Minister also managed to convince the developed world that the time was not ripe to withdraw the stimulus packages aimed at helping countries - especially the developing and poor economies - overcome the worst economic crisis in eight decades.
"With the rise of Asia, with growth of India, China and Brazil, the economic decision-making has to take into account the views of these countries if it is to have an optimum impact," Manmohan Singh said at a post-summit news conference on Friday night.
"We have agreed that the G20 will henceforth be the premier forum for international economic issues. This is an important development broadening the global governance structure," he said.
"Interdependence in a globalised world means that no country, however powerful it may be, can take on the entire burden of economic adjustment and economic decision-making," he added.
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