Appreciative of the US role in
establishing G-20 which provided a "comfortable" platform to countries like India and China, Beijing wanted gradual expansion of the grouping, according to classified papers released by WikiLeaks.
The first-ever meeting of
Labor Ministers from G-20 countries, including India, that
began Wednesday has stressed on the need to create new jobs
and preservation of the existing ones as the working class
are among most hit.
The G-20 Finance Ministers have pledged to maintain the stimulus packages until the global economy is fully back on track and committed to work out an "ambitious outcome" at the UN climate change summit next month.
India will promote the case of medium and small businesses at the G-20 to ensure adequate credit flow to the sector, said Planning Commission Deputy chairman Montek Singh Ahluwalia who is the Indian sherpa for the meet.
Concerned over recessionary pressures, Finance Ministers of G-20 countries, including India, on Saturday pledged to continue with stimulus measures to revive the global economy and committed to checking black money menace.