Rapid Growth key for India’s Economic Transformation, says CEO NITI Aayog

Rapid Growth key for India’s Economic Transformation, says CEO NITI Aayog

Rapid Growth key for India’s Economic Transformation, says CEO NITI Aayog

 

No.PR-92
September 17, 2016
New Delhi
 

Rapid Growth key for India’s Economic Transformation, says CEO NITI Aayog
 

NITI Aayog on Saturday emphasized that India needs to inch towards rapid growth for its economic transformation and that States and UTs need to be partner with it for fulfilling the desired objectives, says its CEO, Mr. Amitabh Kant
 

In order to grow at the rapid rate of growth, the States and UTs should have a growth rate of 12 per cent per annum, only then the intended growth level will be realized, he added.
 

In his Key Note Session at Chief Secretaries’ Conclave, organized by PHD Chamber of Commerce and Industry here today, the CEO also said that the NITI Aayog would support all those States that strive for higher growth rate with pro-active policies so that industry is activated to committing investments in them as growth and investments are key to economic transformation as well as job creation.
 

“A minimum of 12 States of Indian union will have to grow at 12 per cent rate to avail of NITI Aayog’s handholding and support.  With this approach, India would move on an overall growth rate of 9-10 per cent and even beyond”, said Mr. Kant.
 

He lamented that education and other such activities that should have been reformed objectively in the last 68 years, could have led to betterment of Indian economy as a whole, however, with new focus on such activities, India might regain a new strength to recover to attain the desired objective.
 

Mr. Kant also made a prognosis that with jump in reformative spirits in the list of ease of doing business, a minimum of two per cent growth rate could be added to existing rate of growth and that is why there is clamor within all states and UTs for increasing ease of doing business, India would be attractive hub for economic activities through a spirit of partnership between domestic and global industries.
 

Among others who participated in the Conclave consisted of Chief Secretaries of  Chhattisgarh and NCT of Delhi Mr. Vivek Kumar Dhand and Mr. K K Sharma with other representatives from States such as Punjab, Madhya Pradesh, UP, Himachal Pradesh and Andhra Pradesh including President of the PHD Chamber its Sr. Vice President, Vice President, former President and Secretary General Dr. Mahesh Gupta, Mr. Gopal Jiwarajka, Mr. Anil Khaitan, Dr. Raghupati Singhania and Mr. Saurabh Sanyal.
 

Ends.
 

Koteshwar Prasad Dobhal
Consultant (PR)