India wants the World Trade Organisation (WTO) to capitalise on the success of the ministerial meeting in Bali and move ahead with the Doha development agenda for a global trade deal.

Attributing the decline in India's growth rate mainly to domestic factors, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said the government needs to anticipate obstacles and take quick decisions.

A shift towards circular model of growth will have huge potential for innovation, job creation and economic expansion, and is expected to generate $1 trillion a year for the global economy, according to a report.