First key meet on G20 kicks off, focus on debt, inflation, slowdown

 

RISING GLOBAL debt, loss of employment, runaway inflation and the slowdown in growth — these are among the challenges facing the global economy that are set to be on the centrestage as officials from 40 countries converged Sunday to kick off the first Sherpa track under India’s G20 presidency of India.

Udaipur was chosen as the location for the first official G20 event for a “mentally rejuvenating” and “spirituality invigorating” experience, officials said, as discussions focus on “looking beyond the crisis” to build new ways for improving livelihood and move towards an inclusive, ambitious, decisive and action-oriented development strategy.