India to pitch for reforms at G20 meet

With world leaders arriving in Toronto for the G8 and G20 summits the focus is now on Indian and China which are expected to play a pivotal role in a speedy global economic recovery.

India would push for further reforms at international financial institutions like the IMF, giving it and other emerging economies a greater voting share. It is also expected to oppose an IMF proposal backed by Germany and France at the G20 Summit for a single global bank levy designed to insure against failing institutions.

But the world has more expectations from India especially given the fact that most developed economies are fragile. The two big economies that are actually growing - India and China have come to command much respect due to their robust growth under adverse circumstances.

According to economic analysts this would be an opportune time for India to position itself as a global leader.

Prime minister Manmohan Singh will arrive in Toronto on 26 June for the G20 Summit where he will hold talks with his Canadian counterpart Stephen Harper and enter into a civil and nuclear cooperation agreement that would allow India to secure supplies of uranium, nuclear equipment and technology from Canada to meet its energy needs.

According to officials, both leaders would also hold talks on a host of bilateral, regional and multi-lateral issues.