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India ready to help overcome global economic crisis : PM

Leaving for Russia on his first foreign visit after assuming office for a second term, Prime Minister Manmohan Singh on Monday said India is ready to play its part in coordinating global efforts to overcome the economic slowdown.

business Updated: Jun 15, 2009 13:29 IST

Leaving for Russia on his first foreign visit after assuming office for a second term, Prime Minister Manmohan Singh on Monday said India is ready to play its part in coordinating global efforts to overcome the economic slowdown.

"India is among the fastest growing BRIC economies, and we are ready to play our part in coordinating international efforts to overcome the ongoing financial and economic slowdown," he said in statement before his three-day visit to Russia during which he will meet several leaders including Pakistan President Asif Ali Zardari.

Singh, who will be attending the Brazil-Russia-India- China (BRIC) and Shanghai Cooperation Organisation (SCO) Summits, said the BRIC grouping has the potential to lead global economic growth.

"In fact, global economic recovery is closely linked to the success of BRIC economies".

During his stay in the Russian city Yekaterinburg, the prime minister will meet Zardari, marking the first contact at top level between India and Pakistan since the 26/11 Mumbai terror attacks.

Referring to the SCO Summit which he would attend for the first time, Singh said "my decision to attend the Summit is a reflection of the high regard we have for Russia's Presidency of the SCO."