Role played by India in G20
As a major developing economy India has a vital stake in the stability of the international economic and financial system. India has been actively involved in the G20 preparatory process both at the Sherpas Track and the Financial Track since its inception. The Prime Ministers of India have participated in all seven G20 summits. India’s agenda at the G20 Summits is driven by the need to bring in greater inclusivity in the financial system and ensuring that growth prospects of developing countries do not suffer. India has strived to ensure that the focus of the global community remains on the need to ensure adequate flow of finances to emerging economies to meet their developmental needs. Prime Minster of India called for the recycling of surplus savings into investments in developing countries to not only address immediate demand imbalances but also developmental imbalances. India has worked to mai...