After Vietnam visit Narendra Modi on Saturday arrived in Hangzhou for the 11th G-20 Summit. On the 2nd day of the Summit Modi highlighted the issue of Finance Government and Global Economy with the G-20 leaders.
He said that a regular dialogue between Regional Finance Arrangements, IMF and Bilateral Swap Arrangements are required.
While addressing the G-20 leaders he said, “Fighting corruption, black money and tax evasion is central to effective financial governance.” He added that it is important to eliminate safe shelters for economic offenders.
To revive the global growth Modi emphasized on an agenda for structural reforms and said G-20 needs an action oriented agenda of coordinated, collective and targeted action.
The Prime Minister stated, “Our challenges are common, so are opportunities. Connected machines, digital revolution and new technology laying foundation for next generation global growth.”
He added that the strong network of partnership is also required.
Chinese President Xi Jingping praised PM Modi for his leadership of the Indian economy.
On the sidelines of the Summit he talked with Barack Obama on Sunday. Obama praised Modi for his ‘bold policy’ move on GST reform in a “difficult global economic scenario”.
Modi also met Deputy Crown Prince of Saudi Arabia Mohammad bin Salman to discuss the bilateral ties between these two countries. He also talked about the partnership with Saudi Arabia in sectors like infrastructure, maritime, low-cost housing and cooperation in energy sectors.
Before returning to Delhi the Prime Minister will meet Argentinean President Mauricio Macri and British counterpart Theresa May on Monday.
The G-20 members are Australia, Argentina, Brazil, China, Canada, France, Germany, Indonesia, India, Italy, Japan, Mexico, Russia, South Africa, Saudi Arabia, South Korea, Turkey, the US, the UK and the European Union.