PM underlines G-20 role in reviving growth

The Prime Minister Manmohan Singh at G-20 Summit at St. Petersburg called for extensive consultations within the G-20 countries to tackle the current currency crisis. He called for efforts at restoring growth, which will be greatly helped if the countries have a stable external environment. The G-20 has a major role to play in this context, the Prime Minister said. The G 20 is the premier international forum for discussing international economic issues. The policy of unconventional monetary expansion in advanced countries had some success but it also had spillover effects, he added.