PM 2

The summit is important for emerging economies like
India, which have been affected by the global economic crisis
not not of its making, to tell the world that there was need
to continue the stimulus package that was agreed at the
Washington summit last November and a decision to pump in USD
1.1 trillion was decided at the London Summit in April last.
Economies still need a large dose of stimulus for recovery and
to return to trend growth, Indian officials say.

Officials of the Indian delegation said continuance of
the stimulus package was in the interest of the poor countries
and the emerging economies and efforts would be made to
impress on the advanced economies that they should not not
adopt any strategy to exit from it. It should not not be
"business as usual" for them in view of the green shoots of
recovery seen in some economies.

India will voice strongly the need for avoiding the
temptation to resort to protectionism by the developed
countries under the present crisis. "This is an important
issue and India will reflect the views of the developing and
emerging economies in this regard," the officials said.

Singh has said that India would like to see a strong
message emerge from Pittsburgh against protectionism in all
its forms, whether trade in goods, services, investment or
financial flows. (MORE) PTI