Developed nations should exit from their unconventional monetary policies in an orderly way so that such moves do not hurt growth in emerging economies, Prime Minister Manmohan Singh said prior to his departure for St. Petersburg for attending the G20 Summit.

Mr. Singh left for left for St. Petersburg on Wednesday, September 4. During the Summit, he will meet top leaders from various countries, including the US.

Ahead of his departure, Mr. Singh said in a statement that while developed countries are showing promising signs of growth, emerging economies are suffering a slowdown.

Speaking about his plans for the Summit, he added, "I will emphasise in St. Petersburg the need for an orderly exit from the unconventional monetary policies being pursued by the developed world. so as to avoid damaging the growth prospects of the developing world."

He also stressed on the need to encourage and promote policy coordination among major economies so that a sustained global economic recovery and growth could be achieved.

During the Summit, he will also get an opportunity to meet leaders of BRICS countries. BRICS stands for Brazil, Russia, India, China and South Africa.

Apart from India, G20 includes Australia, Argentina, Britain, Brazil, Canada, China, Germany, Indonesia, France, Italy, Japan, Mexico, Russia, South Africa, Saudi Arabia, South Korea, Turkey, the US and the EU.