Hangzhou: Underlining that a “difficult conversation” was not enough to combat global slowdown, Prime Minister Narendra Modi on Sunday pressed for a “collective, coordinated and targeted action” by the G20 members to revive the global economic growth.
“We meet at a time when the global situation faces complex political and economic challenges,” Prime Minister Modi told the G20 leaders in this eastern Chinese city. “A frank, even a difficult conversation won't be enough. What G20 needs is an action oriented agenda of collective, coordinated and targeted action,” Modi said as he laid out an agenda for structural reforms to revive the global growth. He said there was need to improve financial system, boost domestic production, enhance infrastructure investment and create a pool of human capital.
