Curbs on professional mobility could stifle global growth: PM

India today made a strong case for avoiding new measures to restrict international mobility of professionals, arguing it could stifle global growth in the coming years.
Prime Minister Manmohan Singh during his intervention in the Second Working Session of the G-20 Summit also pitched for devising innovative financing schemes to promote infrastructure in developing countries to create jobs.
"International labour mobility in high end skills has become an important aspect of global integration across countries.
"Pending the evolution of international agreements in this area, we must do whatever we can to avoid new restrictive measures, which can stifle a sector that can contribute to global growth in the years ahead," he said.

He said all leaders have agreed that growth and job creation should be the central message of the summit.
Singh noted a key instrument for growth and job creation in developing countries is investment in infrastructure.
At the Los Cabos summit, he said, the Finance Ministers were directed to consider ways in which the G-20 could help increase the flow of finance for infrastructure.
"Industrialised countries have shown that unconventional monetary policy can be used to great effect. We need to show the same innovativeness in devising unconventional development financing also," he said.