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The Growing Influence Of ChIndia

At the recently concluded G8 summit Prime Minister Manmohan Singh was quite candid. Aggressive even, as compared to his normal docile self. He made no bones about the fact that the global economic crisis was the doing of the western developed economies and countries like India, China and Brazil had been unwittingly dragged into it. These countries are not a part of the G8.They didn’t cause the problem but have been invited to be a part of the solution again and again. There’s a lot more that they can do but the G8 want the G5 (Mexico, China, Brazil, South Africa and India) to help by parting with resources (read money) but don’t want to acknowledge their economic power – at least officially on the world stage.

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