In his intervention at the G20 working session in this Mediterranean city in Turkey on "Inclusive Growth: Global Economy, Growth Strategies, Employment and Investment Strategies", Modi said India was likely to grow at 7.5 percent this year and achieve a growth rate of eight percent-plus next year.

He said India has reduced inflation and current account and fiscal deficits and its programmes of inclusive development, financial inclusion, universal access to basic needs, Make in India, Skill India, Digital India, Industrial Corridors and Smart Cities would boost growth and employment in the country.

He further said multilateral development banks should enlarge their capital base to support infrastructure needs of the developing countries and noted that new institutions such as the New Development Bank, referring to the BRICS bank, were welcome additional sources of financing.

The Prime Minister, who arrived here late Saturday from London, said India itself has agreed to do its bit for a clean-green world. This, by committing an additional capacity of 175 GW of renewable energy by 2022, cutting subsidies on fossil fuels, taxing the use of coal, and setting up a National Clean Energy Fund of USD 3 billion to promote clean technologies.

Ahead of the start of the G20 Summit, Modi called for a united global stand against terrorism in a meeting of the BRICS leaders following Friday's mayhem in Paris that claimed 129 lives.

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