G-20 must act to minimize spillover effects of global risks: India
G-20 nations should take coordinated action to ensure that the negative spillover effects of global risks on emerging economies are minimized, Economic Affairs Secretary Subhash Chandra Garg said on Friday. Speaking at G-20 Finance Ministers and Central Bank Governors meet in Bali, Indonesia, Garg asserted that the risks related to trade tensions, financial vulnerabilities and oil prices were having major impact on the emerging market economies.
Economic Affairs Secretary Subhash Chandra Garg