Setting the tone for the crucial
G-20 Summit, Prime Minister Manmohan Singh on Monday said the world economy is
in "deep trouble" and hoped the grouping of developed and developing countries
will come up with constructive proposals to pull the world out of this crisis. With anxiety over the global
economic woes being reflected at the seventh summit of the four-year-old
grouping, Singh's suggestion that the G-20 should focus on the need on
investment in infrastructure as a means of stimulating global growth was
significantly well received at the deliberations. "The world is in deep trouble, I
hope the G-20 will come up with constructive proposals to get the world out of
this crisis," Singh told newsmen ahead of the summit at this Mexican coastal
resort town, meeting against the backdrop of a faltering global economy and the
burgeoning Eurozone crisis.
