‘Power shift to new economies’

Gautam Chikermane
On board PM’s special aircraft, November 16, 2008
The meeting of heads of state of G-20 nations at the ‘Summit on Financial Markets and the World Economy’ in Washington DC was “a clear indication that the balance of power is shifting in favour of emerging economies”, Prime Minister Manmohan Singh has said.
While India had been invited earlier to G8 discussions informally, “our views were not really taken into account. This is for the first time that there was genuine dialogue between developed countries and major emerging countries,” Singh told reporters soon after leaving Washington.
Story in Hindustan Times, November 16, 2008