Attacking developed countries for unconventional monetary expansion and sudden moves for its reversal triggering currency volatilty in countries like India, Prime Minister Manmohan Singh today asked the G-20 to show collective committment for restoring robust growth in emerging markets.
He also called for extensive consultations within the G-20 grouping to tackle the current currency crisis.
Addressing the G-20 Summit here attended by the world's top leaders including US President Barack Obama and host Vladimir Putin, Singh declared that India has been affected by currency volatility in the past few weeks and was taking steps to finance the current account deficit (CAD) in an enviornment that is seen to be friendly for stable foreign capital flows.
