India invited to join G-8 economic summit

French President Nicolas Sarkozy called for a major economic summit in November  to evolve a solution to the global financial crisis.

Emerging powers like India, China and Brazil should join the Group of Eight industrialised nations -- Britain, Canada, France, Italy, Japan, Germany, Russia and the United States - for the summit, he said at a press conference in Paris. 

Germany, France, the UK and Italy, the four  biggest economies of the European Union, were of the opinion that leading economic nations should unite to build up a new financial world  just as Bretton Woods did 60 years ago, Sarkozy, who is also the president of the European Union, said.

The EU should aim to lay the foundations of entrepreneurial capitalism, not speculative capitalism, Sarkozy added.