Ahead of his week-long tour of Mexico and Brazil, Prime Minister Manmohan Singh today expressed concern over the continuing Eurozone economic crisis, underlining that the problems in Europe had the potential to adversely impact India's own economic growth.
“It is our hope that European leaders will take resolute action to resolve the financial problems facing them,” he said in a statement before his departure as the head of a high-level Indian delegation to attend the G-20 Summit in Los Cabos, Mexico, and the UN Conference on Sustainable Development (Rio+20) at Rio de Janeiro, Brazil.
Noting that the G-20 leaders would be meeting in the shadow of the economic crisis in Eurozone and a faltering global economy, the PM said the situation in Europe was of particular concern to India as the continent accounted for a significant share of the global economy and was also India’s major trade and investment partner.
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