G20 concurs to boost infrastructure investment

In a big advantage to India, the G20 countries agreed to give precedence to investment in infrastructure in developing countries in order to fuel global growth which has been hindered due to the weakening world economy and the Euro zone crisis.

As per the Los Cabos declaration all the G20 countries will escalate efforts to build a more favorable environment for development, including supporting infrastructure investment and it recognized the impact of the ongoing crisis on developing countries, principally low income countries.

Month: Current Affairs - June, 2012