Mumbai: Leaders of the Group of Eight industrial countries and the European Union want India and China to join an emergency global summit to devise strategies for tackling the global financial crisis and overhauling the world's financial system.

At the EU summit in Brussels that ended today, France, the current chairperson of the 27-nation bloc, and the UK pushed for participation of emerging economic powers like India and China in a proposed global finance summit in New York.

The G-8 wealthy nations that groups the US, Japan, Germany, France, Britain, Italy, Canada and Russia, said in a joint statement released by the White House that the leaders of  would meet "at an appropriate time in the near future."

The G-8 nations would include other major nations in the discussions to be aimed at drafting ''an agenda for reforms to meet the challenges of the 21st century.''

British Premier Gordon Brown said the meeting devoted to a complete overhaul of the financial system could be held as early as November and that such radical changes should include not only the world's richest nations but also such major emerging economies as China and India.

''No one should feel excluded from what we are recasting,'' French president Sarkozy said.

Sarkozy said the meeting to forge common action to prevent another economic meltdown should be held in New York "where everything started" and lead toward "a new capitalism."