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G20 underlines that fracturing is becoming a reality

The G20 summit which concluded yesterday in New Delhi supported our view that the global economy is fracturing into US and China-led blocs, and that India still leans to the former. While the statement was light on explicit policies, calls to increase funding for the World Bank and to create an India-Middle East-Europe Economic Corridor further challenge the view that China’s influence will continue to grow.

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