NEW DELHI: Prime Minister Manmohan Singh expressed confidence yesterday that India’s domestic economy would help revive the country’s economy which has been hit by the global recession. Singh shared his views with the media on his visit to Italy, where he attended several meetings on trade and climate change. “After our discussions, it is my sense that while there are some signs of recovery, the world economy is still a long way from recovering the earlier growth momentum and there must be questions whether that will soon be possible for the global economy,” Singh said.
“We also discussed other global issues such as climate change and Sustainable Development, and elimination of hunger through food security. On trade, the dangers of protectionism were highlighted,” Singh said. All these issues require “meaningful global action,” which need “a restructuring of institutions of global governance, starting with United Nations Security Council.”