Davos: David Cameron needs to realise migrants benefit the UK, says Tech Mahindra boss The reality is that French businesses are looking for options outside, because of high taxation and rules that tend to restrict movement of intellectual capital. He said free trade agreements needed clauses on movement of labour, and suggested it was the only way to address skills shortages in some areas of the economy. Mr Cameron needs to realise that most of us have helped the UK to create new intellectual property and jobs, and helped UK businesses become more operationally effective. The reality is, businesses today, even though they're headquartered in the UK, they don't only serve the UK, they serve global customers, and frankly, the UK benefits from globalisation. So if I were to make one request to David Cameron I would encourage a cross-border skills trade. Mr Gurnani said he was a "big fan" of the UK Prime Minister because of his decision to stick to austerity policies. "While everyone was trying to unleash and open the purses, he was the one who came in and brought in very decisive controls and reduce spending," he said. The US recovered their economy by opening their purses, but you did it in a classical style, which was basically: I don't have money, so I'm not going to spend it. I think your recovery will continue to be slower than America's but it will be more permanent. Separately, Palaniappan Chidambaram, India's finance minister, said the country was back on track to grow by 8pc in the coming years, with growth expected to climb above 6pc in the next financial year. Mr Chidambaram said India's decision to adopt a "textbook" stimulus package of quantitative easing during last decade's downturn meant it paid a "huge price" for stabilising the economy. "Unintended consequences of that policy was high inflation and a certain degree of fiscal instability which put off investors," he said. And then the eurozone crisis affected export markets and inflows of capital to India. So while [Indian growth] could have stabilised at between 6pc and 6.5pc, we declined to 5pc. We have stabilised in the past 12 months and were poised to grow back, step by step to the 8pc potential growth rate.