The G-20 leaders are likely take up the issue currency devaluation in China and suggest countries to refrain from competitive devaluation.

The theme of the G-20 Seoul Summit is - Shared Growth Beyond Crisis. The world leaders are likely to review the progress of implementation of the decisions of past G-20 Summits. It will also discuss global economy and framework for strong, sustainable and balanced growth, international financial institution reforms, financial regulatory reforms, global trade and protectionism, climate change and development issues which was mandated at the last Toronto Summit.

The Seoul Summit is likely to come out with a declaration or communiqué.

India is a member of G-20 and the Prime Minister, Dr Manmohan Singh is expected to leave for Seoul on November 10.

Dr Singh is likely to have bilateral meetings with the heads of state or governments of Mexico, UK, Canada, Ethiopia and Brazil on November 11. He will be accompanied by the Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, National Security Advisor, Shivshankar Menon and senior officials.

G-20 is an informal grouping of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, United States and the European Union.

The President of South Korea, Lee Myung-bak has also invited leaders from Spain, Malawi (chair of African Union), Ethiopia (chair of NEPAD), Vietnam (chair of ASEAN) and Singapore. Top officials of United Nations, World Bank, IMF, WTO, Financial Stability Board are also expected to attend the Summit.

The two-day Seoul G-20 Business Summit (SGBS) is being organized from November 10 and about 100 CEOs from G-20 member countries and beyond are expected to attend. The SGBS theme is 'Role of Business in Sustainable and Balanced Growth'. The Business Summit will have round tables on revitalising trade and foreign direct investment, enhancing financial stability and supporting economic activity, harmonising green growth and delivering on the corporate social responsibility promise. The outcome of the business summit will be presented to the G-20 leaders.

The main G-20 Summit will commence from November 11 with a welcome reception followed by a working dinner by the South Korean President, Lee Myung-bak. On November 12, the programme includes the Summit Opening Plenary Session, followed by Plenary Working Sessions in the morning and afternoon, a G-20 'Family Photograph', working lunch and the Final Plenary Session at the conclusion.

This is the fifth G-20 Summit after that in Washington in November 2008, London in April 2009, Pittsburgh in September 2009 and Toronto in June 2010. This G-20 was formed following the Great Recession of 2008. The concept of G-20 is not new. A similar G-20 was set in 1999 following East Asian Financial Crisis.