Back our G20 reform agenda: France to India

Sees rupee as a global currency soon

The French President leads a delegation of 50 senior businessmen as well as top cabinet officials, including Economy Minister Christine Lagarde.

He wants to push an ambitious agenda for the G20 group of developed and emerging nations, including reform of the international monetary system, improvements in global governance and greater stability in international commodity prices.

“Please help us throughout this year to change this state of things (in the monetary system). We need you to regulate the international monetary order,” he said, adding that the Indian rupee “will one day count as a major global currency.”

Sarkozy also asked for the “support of Indian farmers to make the world understand that the price of agricultural or other raw materials cannot be regulated exclusively by speculation and change in an erratic way.”  Sarkozy’s trip to India, comes soon after visits by US President Barack Obama and British Prime Minister David Cameron. Russian President Dmitry Medvedev and his Chinese counterpart Hu Jintao are due in India before the end of the year.