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Viewing cable 08NEWDELHI2953, MEDIA REACTION: WORLD ECONOMIC CRISIS / G-20

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Reference ID Created Released Classification Origin
08NEWDELHI2953 2008-11-19 10:30 2011-08-26 00:00 UNCLASSIFIED Embassy New Delhi
VZCZCXRO4555
PP RUEHBI RUEHCI RUEHNEH
DE RUEHNE #2953/01 3241030
ZNR UUUUU ZZH
P 191030Z NOV 08
FM AMEMBASSY NEW DELHI
TO RUEHC/SECSTATE WASHDC PRIORITY 4271
INFO RUCPDOC/USDOC WASHDC
RHEHNSC/NSC WASHDC
RUEKJCS/SECDEF WASHDC
RHHJJPI/PACOM IDHS HONOLULU HI
RUEKJCS/JOINT STAFF WASHDC
RUEHLM/AMEMBASSY COLOMBO 1288
RUEHCG/AMCONSUL CHENNAI 3831
RUEHCI/AMCONSUL KOLKATA 3071
RUEHNEH/AMCONSUL HYDERABAD
RUEHKA/AMEMBASSY DHAKA 1659
RUEHIL/AMEMBASSY ISLAMABAD 5486
RUEHKT/AMEMBASSY KATHMANDU 2121
RUEHKP/AMCONSUL KARACHI 9088
RUEHBI/AMCONSUL MUMBAI 2889
RUEHLO/AMEMBASSY LONDON 5500
RUCNDT/USMISSION USUN NEW YORK 7149
RHOVVKG/COMSEVENTHFLT
RHMFISS/HQ USCENTCOM MACDILL AFB FL
UNCLAS SECTION 01 OF 02 NEW DELHI 002953 
 
SIPDIS 
 
STATE FOR NP, AC, PM 
 
STATE FOR INR/MR 
 
STATE FOR SCA/INS, PM/CBM, PM/PRO 
 
STATE FOR SCA/PPD, PA/RRU 
 
STATE FOR AID/APRE-A 
 
USDOC FOR 4530/IEP/ANESA/OSA FOR BILL MURPHY 
 
E.O. 12958:N/A 
TAGS: KMDR KPAO PGOV PREL IN
SUBJECT: MEDIA REACTION: WORLD ECONOMIC CRISIS / G-20 
MEET, U.S., AFGHANISTAN; NEW DELHI. 
 
This cable reports on relevant media reaction from 
India's large non-English press. Embassy New Delhi 
reports on English-language media via email in the daily 
"Early Edition."  USG customers please write to Geeta 
Krishali (KrishaliG@state.gov) to subscribe to the "Early 
Edition." 
 
--------------------------------- 
WORLD ECONOMIC CRISIS / G-20 MEET 
--------------------------------- 
 
1. "INDIA'S CONVICTION," editorial in November 18 
centrist HINDUSTAN Hindi daily: "The tables have turned 
as the G-20 summit on the financial crisis concluded in 
Washington. This time, it is the developed countries that 
are under the scanner, while countries like India, China 
and Brazil have the upper hand... The main agenda of the 
meeting was to maintain demand and growth rate in the 
global economy. 
The Indian growth rate is expected to slow down to 7%, 
but in many developing countries it is expected to fall 
even below 0. This exceptional economic crisis has the 
developed nations dependent on the developing countries. 
Thus, the world leaders heeded the points raised by Prime 
Minister Manmohan Singh. Perhaps, therefore, the IMF and 
World Bank also assured to give developing countries 
loans at liberal conditions. The G-20 meeting has 
demonstrated that that its thinking is changing." 
 
2. "G-20 EXERCISE," editorial in November 18 centrist 
NAVBHARAT TIMES Hindi daily: "The G-20 has concluded on a 
right note. Under the present circumstances, however, the 
U.S. and European exercise to use the developing 
countries in the name of broader participation may not be 
of much use. If the historic recession is actually making 
the developed countries realize their mistakes, they 
should prove it in the forthcoming April G-20 meeting by 
making countries like India, China, Brazil and South 
Africa in charge of the management of the IMF, World Bank 
and other international financial institutions." 
 
3. "GLOBAL FINANCIAL CRISIS AND G-20 CONFERENCE", 
editorial in November 18 right-of-center Urdu daily 
"MUNSIF", Hyderabad: "Today, the entire world is facing a 
financial crisis. Our country too, is not safe from this 
crisis. In this perspective, world leaders of G - 20 
deliberated on the financial crisis. However, it yielded 
no substantial result, which may help the world to get 
rid of the crisis, in near or remote future. People, 
generally, think that America is, primarily, responsible 
for the crisis. Secondly, it is the result of elongated 
irregular and erroneous financial strategies. Therefore, 
its eradication too is not possible, instantly. The world 
requires many years to overcome it. One important point 
is that developing countries should also have a say in 
the affairs of world financial institutions. Developed 
and rich countries seek the cooperation of developing 
countries, but they are not ready to give them a say in 
decision - making in such institutions. Balance of power 
is changing in financial matters. It will be better for 
America and other countries to accept this fact as early 
 
NEW DELHI 00002953  002 OF 002 
 
 
as possible. The world financial crisis may come to an 
end soon provided the developing countries stop taking 
dictations from America." 
 
4. "WHEN WILL THE WORLD BE FREE FROM ECONOMIC WHIRLPOOL?" 
editorial in November 19 Guwahati Assamese left-of-center 
AJIR ASOM.  "...Under the influence of globalization there 
is no country whose economy is self-reliant. The process 
of liberalization has so intertwined the economy of one 
country with that of others that developing and under- 
developed countries too are feeling the heat... For the 
common people throughout the world, it is gradually 
becoming a question of bread and butter as they face job 
cuts everywhere... Since it has become a global problem no 
country alone can expect to handle it successfully until 
effective measures are taken at the international level." 
 
---- 
U.S. 
---- 
 
5. "HEAVING A SIGH OF RELIEF AT HILLARY'S APPOINTMENT" 
editorial in the November 19, 2008 multi-edition right- 
of-center Gujarati daily GUJARAT SAMACHAR.  "If one is to 
believe reports that Senator Hillary Clinton might be the 
next Secretary of State then this is certainly welcome 
news for India.  If India is said to hold a special 
attraction for Obama, Senator Clinton enjoys a special 
relationship with India.  Besides, Senator Clinton has a 
huge fan following among Indians in America.  At a time 
when India is concerned about cross-border terrorism 
emanating from Pakistan, India will at ease explaining 
this to Senator Clinton who is well aware of this geo- 
political set up region and has a better grasp of the 
situation since her days as the first lady.  Senator 
Clinton's appointment will be a positive one at least as 
far as India is concerned." 
 
----------- 
AFGHANISTAN 
----------- 
 
6. "AFGHANISTAN, AMERICA AND TALIBAN", editorial in 
November 18 right-of-center Urdu daily "HINDUSTAN 
EXPRESS", New Delhi: "Under the guise of change of power, 
the USA wants to create an impression that its policies 
are undergoing a change (though preparations have been 
going on for a long time). Following shameless defeat 
after defeat, America is now understands Afghanistan 
cannot be subjugated by military might. Germs of slavery 
cannot survive in Afghans. They refuse to accept pro - 
American slaves as their leaders. However, it will be 
interesting to learn the fate of America in Afghanistan, 
and what will be the next step for Hamid Karzai?" 
WHITE