China and India evoked the highest levels of confidence among major economies at 45 per cent and 40 per cent, respectively. The US was at 36 per cent, Canada at 27 per cent, the UK at 26 per cent, Germany at 20 per cent, France 18 per cent, and Japan having the least optimistic CEOs with only 11 per cent very confident of growing revenues in 2020.
For the first time, more than half of the CEOs surveyed by global consultancy PwC said they believe the rate of global GDP growth will decline. In comparison, the survey had found a record level of optimism among CEOs two years ago in 2018.
IMF Chief Economist Gita Gopinath also said the pickup in global growth for 2020 remains highly uncertain as it relies on improved growth outcomes for stressed economies like Argentina, Iran, and Turkey and for under-performing emerging and developing economies such as Brazil, India, and Mexico.
The French sources also said that the country will insist on maintaining Pakistan on the 'grey list' of countries at the ongoing meet of the Financial Action Task Force (FATF) in Paris.
This next phase of globalisation needs to deliver economic growth so that it is equitable: Nadella.
Hard selling India as an investment destination at the WEF, Modi said the government is following the principle of reform, perform and transform.
Under the tagline of 'India means business', the roundtable was attended by 40 CEOs of global companies and 20 from India.
Modi, the first Indian prime minister to attend the summit in two decades, would deliver the opening plenary address at the summit on Tuesday.
The Chinese and the Indian troops were engaged in a standoff for 73 days in Doklam.
The prime minister, accompanied by senior officials including National Security Advisor Ajit Doval and Foreign Secretary S Jaishankar, met the Chinese leader just before his travel to Myanmar from this port city.
Modi said a separate rating agency would help the economies of the member countries as well as other developing nations.
Modi is also scheduled to hold a bilateral meeting with Xi on Tuesday.
The BRICS also called upon all nations to adopt a comprehensive approach in combating terrorism including countering radicalisation and blocking terror financing sources.
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.
"We have tweeted that the two leaders discussed a range of issues. A range of issues means a range of issues. I don't want to add anything further... I leave it to you to draw your conclusion," external affairs ministry spokesperson Gopal Baglay said.
The two-day G20 Summit saw the Indian side making "significant contributions" on resolve to counter terrorism and boost global trade and investment.
Mallya has been in the UK for months, escaping arrest warrants against him.
Arvind Panagariya, sherpa for India at the summit, tweeted about the "interaction".
The G20 leaders resolved to facilitate swift and targeted exchanges of information between intelligence, law enforcement and judicial authorities on operational information-sharing, preventive measures and criminal justice response.
Modi regretted that the international response to terrorism was weak and said more cooperation was needed to fight the menace.
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