Jaitley urges developed countries to allow greater mobility of skilled work force

Finance Minister Arun Jaitley said that the efforts for goods movement and capital liberalisation should be complemented by skilled labour mobility. He was speaking at the G20 meeting of Finance Ministers and the Central Bank Governors in Ankara on 'Framework for strong, sustainable and balanced growth'.

This will be of considerable help to countries that are having demographic challenges due to ageing populations.

Jaitley said that it would also address the requirement of skilled professionals in the developed countries.

He said that the Framework Working Group (FWG) of G20 provides an opportunity to discuss on the issue of decreasing potential output in the economy.

 

Jaitley along with Reserve Bank Governor Raghuram Rajan are participating in the two day conference of G20 finance ministers and Central bank Governors in Turkey.