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G20 Summit: We Need An Action Oriented Agenda, Says PM Modi in Hangzhou
G20 Summit: We Need An Action Oriented Agenda, Says PM Modi in Hangzhou

The 11th G20 Summit began at the Chinese city of Hangzhou on Sunday. While addressing the summit PM Modi raised the need to have an action oriented agenda to revive sluggish world economy.

PM Modi said “We Meet at a time when the global situation faces complex political and economic challenges.”

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“A frank,even difficult convers’n wont b enough.What #G20 needs is action oriented agenda of collective,coordinated &targeted action,” he added.

Prime Minister Narendra Modi along with various world leaders, including U.S. President Barack Obama and Chinese President Xi Jinping, are participating in the summit.

“We should revisit our basket of fiscal and monetary policy tools, encourage implementing demand supporting policies, prioritize and focus on structural reforms and public investments, reduce external imbalances and keep exchange rates stable, create an environment for free flow of goods services and human resources and refrain from competitive devaluation of currency,” he added.Prime Minister Modi further said that G20 would need to act decisively to benefit all.”This will also require strong network of partnerships. And, in a way that our policies and measures are people centric and inclusive, allow easy access to technology and finance, bridge digital divide and bring down the digital and innovation barriers, promote development of skill set of next generation of technologies and facilitate the movement of skilled professional globally,” he said.

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The Prime Minister also used the platform to thank US President Barack Obama, saying he acknowledges his strong advocacy for building global partnerships and constant voice for collective action.

On the other hand host Chinese President Xi Jinping urging them to avoid “empty talk”.

The Prime Minister also used the platform to thank US President Barack Obama, saying he acknowledges his strong advocacy for building global partnerships and constant voice for collective action.

Xi welcomed each president and prime minister to the Group of 20 summit with a handshake and had an extended clasp with Barack Obama, with both men smiling despite protocol stumbles around the US leader’s visit.

In a circular conference hall in Hangzhou — the scenic eastern city left deserted by a vast security operation — Xi told them the G20 “should work with real action, with no empty talk”.