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Economic meltdown gets India, UK on talking table

Sep 27, 2008 08:16 AM IST India India

New York: During the Indo-UK bilateral meet prior to UN General Assembly, British prime minister Gordon Brown conceded that more countries should be embedded in the discussions to solve the economic meltdown and create a new financial architecture.

He suggested that negotiations must involve G-20 countries represented by nations like India, Brazil and China apart from the G-8 members.

In return, Indian Prime Minister Manmohan Singh offered cooperation to UK in this hour of financial fragility.

Prime minister Brown also emphasised on the restoration of financial
confidence for a lucrative growth of the global economy.

The two countries’ talks centred on trade and economic issues.

They both agreed the need of a single monitoring mechanism to assess the global financial system.

Deputy Chairman of Planning Commission Montek Singh
Ahluwalia was part of the Indian delegation to the United Kingdom.