The meeting with Xi is being held amid the ongoing trade war between the United States and China.
Prime Minister Manmohan Singh heads for Cannes in France on Wednesday to attend a crucial summit of the world's 20 leading economies(G20) during which India is expected to make a call to resist trade protectionism when the global economic growth is facing a slowdown.
Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moody's Ratings said, forecasting a 7.2 per cent GDP growth in the 2024 calendar year and 6.6 per cent in the next. In its Global Macro Outlook 2025-26, the rating agency said the global economy has shown remarkable resilience in bouncing back from supply chain disruptions during the pandemic, an energy and food crisis after the Russia-Ukraine war began, high inflation and consequent monetary policy tightening.
Modi emphasised that it was necessary to work together for sustained global economic recovery.
India is trying hard to erase Indonesia's wariness about New Delhi, building security cooperation in the Indian Ocean and Pacific Ocean. If Indonesia decides to buy the Brahmos missile, it would further strengthen relations between the world's most populous nation and the most populous Islamic country.
Britain spied on foreign politicians and officials participating in two G20 meetings in London in 2009 by using "ground-breaking" intelligence capabilities to get an edge during the high-stakes financial talks, a media report said on Monday.
The G-20 alliance of developing countries led by India and Brazil is likely to come up with "better" proposals at its meeting in Geneva this week as chances of a global trade deal on WTO's Doha Round brighten. Nath said members of the G-20 wanted to recognise some of the sensitivities of developed countries as long as their own concerns of livelihood and food security are taken on board.
Capital flows into India this fiscal year have been the highest in the country's history.
India's finance minister has emphasised that "it is the real economy that is going to matter.
Thousands of security personnel and high-tech surveillance systems dotted every nook and corner of this Turkish resort town as leaders of the world's 20 top economies congregated here for the two-day G20 Summit.
Echoing Prime Minister Narendra Modi's views that improving the health of financial markets alone cannot fuel growth, G20 business leaders on Friday said vigorous efforts should be made to go beyond fiscal and monetary policy to kickstart world economy and create jobs.
China became the 56th signatory to the agreement by signing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. With this all the G20 nations, including India, have become official partners to combat the menace of tax crimes and evasion across international borders.
Shaktikanta Das will demit the office on Tuesday after completing six years as the 25th Governor of the Reserve Bank of India. Revenue Secretary Sanjay Malhotra will replace him as the 26th Governor. He was appointed as the Governor on December 12, 2018, after the abrupt exit of Urjit Patel.
The Financial Intelligence Unit-India (FIU-India), the national agency responsible for analysing suspicious financial transactions, has received requests from four more offshore crypto exchanges to operate in India again, said a senior government official familiar with the matter. In the beginning of 2024, India had banned nine crypto exchanges - Binance, Kucoin, Huobi, Kraken, Gate.io, Bitstamp, MEXC Global, Bittrex, and Bitfenix - for non-compliance with anti-laundering law in the country.
'India is using Hasina to warn the Yunus government because there is a ground support for the Awami League in Bangladesh.'
The Group of 20 countries, or G20, would play a steering role in the post-crisis world, giving the global economy a definitive character and preventing a retreat from globalisation, said Pulitzer Prize-winning author and investment manager Liaquat Ahamed.
Taking on board India's concerns, the G-20 Summit on Friday acknowledged that excess volatility of financial flows and disorderly movements in exchange rates can affect economic and financial stability of emerging markets and called for sound policies to address it.
Describing India as a "part of the solution", US President Barack Obama on Monday said the burning issue of international trade imbalance will be discussed by global leaders at the G-20 meeting in Seoul next week.
India has undertaken a number of structural reforms.
Prime Minister Manmohan Singh said, "I do not claim victory. These are ideas which are under discussion in various fora. The sherpas have been discussing these ideas and it is a process of give and take. But I do claim some credit that in my speech, I brought the development issue into the very forefront of sustainable, manageable growth process."
US President Barack Obama would meet Prime Minister Manmohan Singh on the sidelines of the G-20 Summit in Toronto, a top Indian official said Wednesday. "The Prime Minister would be traveling for the G-20, he will be meeting President Obama," Union Minister of Commerce and Industry Anand Sharma told Indian media-persons in Washington.
Acknowledging that effective taxation of mobile income is a key challenge, G20 leaders including Prime Minister Manmohan Singh on Friday vowed to take steps to change rules to tackle tax avoidance, harmful practices and aggressive tax planning.
The two-day G20 Summit saw the Indian side making "significant contributions" on resolve to counter terrorism and boost global trade and investment.
'This agreement will help the Indian workforce to move to non-traditional sectors of employment like teaching, nursing, and manufacturing.'
Prime Minister Narendra Modi said some countries still use terrorism as "an instrument of state policy" and the world must act against radicalisation without any political consideration
Highlighting the need to arrive at a "balanced package" at the forthcoming Hong Kong Ministerial, the group of 20 leading economies of the world on Friday
Sanjay Malhotra takes charge as the 26th RBI governor at a time when headline retail inflation has shot up to 6.2%.
Canada has decided to rope in its content solution company, OpenText, to do a 'Facebook' on the negotiators.
Paris attacks took the centre stage at the G20 Summit on Sunday with Prime Minister Narendra Modi calling for a united global effort to combat terrorism as world leaders joined a clarion call to eliminate ISIS network.
India on Saturday favoured greater mobility of skilled labour
The leaders from the US, UK, France, China and others reached a historic agreement to put the group at the centre of their efforts to build a roadmap for durable recovery, avoiding the financial fragilities that led to the crisis.
Prime Minister Manmohan Singh arrived in New Delhi after attending the G-20 summit in Pittsburg in the US, during which leaders of the world's richest and most influential countries resolved to continue the stimulus for the recession-hit global economy.
The possibility of a meeting between United States President Barack Obama and Prime Minister Manmohan Singh during the G-20 Summit in Los Cabos, Mexico, is not being ruled out, days after the two leaders agreed to work together to address the faltering global economy and the painful Eurozone crisis.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
The G-20, a group of developing countries including India, on Friday dismissed as "unacceptable" a 'blended formula' of tariff reduction in agriculture, proposed by the United States and the European Commission.
The new Cabinet member says growth cannot come unless all sectors of the economy -- agriculture, manufacturing and services -- expand.
In view of the austerity measures, the Prime Minister's delegation for G-20 Summit in Pittsburg in the US has been pruned a bit. At least two officials and three members of the official media have been dropped from the delegation that will leave for the four-day visit on Wednesday, official sources said in New Delhi on Tuesday.
The Indian mrime minister supported a new global standard on automatic exchange of tax information
PM Modi to travel to Vietnam before going to China to attend G20 summit.
Modi regretted that the international response to terrorism was weak and said more cooperation was needed to fight the menace.
