The G-20 summit concluded today in St Petersburg Russia with the general consensus on strengthening growth and creating jobs. It was also decided to link investment with employment.
The suggestion was strongly advocated by Prime Minister Dr.ManmohanSingh during his intervention in the deliberations at the summit earlier today.

Calling upon all developing countries for making adequate investment in infrastructure Dr Manmohan Singh told the summit leaders that emphasize should be given for skill development. He said there is room for learning from international experience, including that of industrialised countries.He said that to avoid restrictive measures, International labour mobility in high end skills has become an important aspect of global integration across countries. He cautioned that since there is no international agreement in these areas, enough care has to be taken for providing sufficient opportunities to the youth.

Speaking to newspersons on the outcome of summit secretary department of economic affairs Arvind Mayaram said that there was also consensus on creating standards for automatic exchange of information on taxes related to multi-national companies to prevent cross border tax evasion and profit shifting.

He said ,in the joint declaration released after the end of summit there is also mention of spill over effects in the emerging markets due to US plan of gradual withdrawl of stimulus.

Dr.Mayaram said, on this front all the countries have agreed for coordinated effort to calibrate and communicate their monitory policy decisions .This will help preventing market uncertainty and exchange rate volatility. The leaders also committed to avoid tax avoidance.

He said that the summit also noted the importance of food security globally. India highlighted achievement on this front and offered to share its experience .