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Outcome of G20 Hangzhou summit for India: experts

Reporter: Li Sien, Yao Haiyan 丨 CCTV.com

09-07-2016 14:58 BJT

Full coverage: G20 Hangzhou Summit

Indian Prime Minister Narendra Modi says discussions at the just concluded G20 summit in Hangzhou were extensive and wide ranging. Radhika Bajaj takes a look at what the outcome of the G20 has been for India.

A firm handshake at a time when many consider Sino-Indian relations on shaky ground. With trade between the two countries valued at an estimated $70 billion dollars, the summit presented an opportunity for both leaders to discuss their concerns.

Policy analyst R.N.Bhaskar said, "These are two powers that were never expansionist, they are two powers that have the same cultural moorings and those two things with economic benefits can cement a relationship that is unbelievable."

The Indian Prime Minister also rooted for structural reforms to revive global growth at the G20 meeting.
India got an advantage as member-countries failed to ratify the December 2016 deadline to sign the Paris Agreement on climate change. India had earlier opposed the deadline.

Prime Minster Modi also held bilateral talks with leaders from Australia, Britain and Saudi Arabia amongst others. Something experts feel will help expedite India's interests with these nations.

"The issues that normally would be dealt with between country A and country B get discussed at a global level at the G20 summit. Which means that the way you reply to these issues, the way you react to them would be different," said Care Ratings' chief economist Madan Sabnavis.

"For India, communicating its need to mitigate terrorism and black money were two key objectives at the G20. It's safe to say that they were achieved. Bilateral meetings with countries like the UK were an additional bonus," Radhika Bajaj reports.

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