PM wants collective, coordinated and targeted action by G20

From K J M Varma Hangzhou, Sep 4 (PTI) Underlining that a "difficultconversation" was not enough to combat global slowdown, PrimeMinister Narendra Modi today pressed for a "collective,coordinated and targeted action" by the G20 members to revivethe global economic growth. "We meet at a time when the global situation facescomplex political and economic challenges," Prime MinisterModi told the G20 leaders in this eastern Chinese city. "A frank, even a difficult conversation won’t be enough.What G20 needs is an action oriented agenda of collective,coordinated and targeted action," Modi said as he laid out anagenda for structural reforms to revive the global growth. He said there was need to improve financial system, boostdomestic production, enhance infrastructure investment andcreate a pool of human capital. "Our challenges are common, so are opportunities.Connected machines, digital revolution and new technologylaying foundation for next generation global growth," he said. Modi said that to benefit all, G20 would need to actdecisively. "This will also require strong network ofpartnerships," he added. The G20 member states represent 85 per cent of theworld’s GDP. The G20 includes Argentina, Australia, Brazil, Canada,China, France, Germany, India, Indonesia, Italy, Japan,Mexico, Russia, Saudi Arabia, South Africa, South Korea,Turkey, the UK, the US and the European Union. PTI ZH AKJZH