NEW DELHI: Prime Minister Manmohan Singh today voiced concern that continuing problems in the eurozone will further dampen global markets and adversely impact India's own economic growth.
Singh also said that the need to revive global growth should be an issue of immediate concern which must be addressed by world leaders.
He made these remarks prior to his departure for Mexico and Brazil to attend the seventh summit of the Group of 20 developed and developing countries(G-20) in the Mexican resort town of Los Cabos on June 18 and the Rio+20 Summit in Rio De Janeiro.
Observing that G-20 Leaders will meet once again in the shadow of the economic crisis in the Eurozone and a "faltering" global economy, Singh said the situation in Europe is of particular concern as it accounts for a significant share of the global economy and is also India's major trade and investment partner.
"Continuing problems there will further dampen global markets and adversely impact our own economic growth. It is our hope that European leaders will take resolute action to resolve the financial problems facing them," he said....READMORE