Prime Minister Dr.Manmohan Singh arrives in St. Petersburg this evening to attend the eighth G20 Summit tomorrow. Our Correspondent covering the summit, reports that India has already underlined its priorities by emphasing the need for an orderly exit from the unconventional monetary policies being pursued by the developed world for the last few years, so as to avoid damaging the growth prospects of the developing world.

Dr. Singh said the G-20 should focus on job creation and promote investment in infrastructure as a means of stimulating global growth.Our correspondent reports that with Prime minister Dr.Manmohan Singh’s departure remark from New Delhi that there is an urgent need to reform institutions of global political and economic governance, India has set its agenda for the Summit. India has introduced several reform measures and taken steps to strengthen macro-economic stability, stabilize the Rupee and create a more investor-friendly environment.

At the same time, a stable and supportive external economic environment is also required to revive economic growth. The G 20 Summit, therefore, is an important forum to seek an international climate that is beneficial for all countries. St. Petersburg is also the place where the idea of the BRIC grouping was born in July 2006. An informal meeting of BRICS Leaders will be held on the margins of the G-20 meeting to exchange views on the agenda of the Summit.

This will also provide an opportunity to review progress in the implementation of important decisions taken at the Fifth BRICS Summit in Durban on 27 March 2013 and review global developments.