Report

India in the G20: Macroeconomic Policy Coordination, Regulation and Global Governance

Since November 2008 the G20 has � somewhat unexpectedly � assumed a leading role in responding to the current financial crisis and reforming the international financial system. At its April summit in London the G20 proposed a number of measures aimed at securing reforms of the global financial system, strengthening international institutions and preventing protectionism. These issues will dominate the official discussions in the G20 in 2010 and beyond.

The emergence of the G20 as the premier forum for addressing international economic policy issues has in turn meant that India occupies an even more important place on the international stage than it did before the crisis, and so it is essential that India plays an active role in the global debate on how to resolve the current crisis and prevent the recurrence of similar crises in the future.

This volume contains papers presented at a June 2009 conference on �India in the G20: Macro policy coordination, financial sector regulation and global reforms�, jointly organised by NCAER and CEPR, with the aim of stimulating a dialogue between European and Indian researchers on these issues, in order to complement and enrich the ongoing discussions among officials in the G20.