The conference brought together economists from Europe and India to discuss the global initiatives taken till date to stymie further economic slowdown and suggest conditions for the revival of growth. The current global economic crisis has led to a range of responses by the individual countries as well as some collective international responses. The G20, at its April summit in London, had proposed a number of measures aimed at securing the reforms of the global financial system, strengthening institutions and, most importantly, preventing protectionism as a knee-jerk course of action. A fuller understanding of these proposals and alternatives is necessary not only to ensure revival of economic activity now but also to minimize the risks of recurrence of the present crisis in the future