Rajiv Kumar, Vice-Chairman of Niti Aayog
Vice-chairman of Niti Aayog Rajiv Kumar on Thursday mentioned that the non-public sector of the nation must drive progress and never the general public enterprises as they was once. Speaking at a webinar organised by Merchants’ Chamber of Commerce and Industry, Kumar mentioned that the non-public sector additionally must create belief with the federal government, which is the necessity of the hour. “The private sector of the country has to be the key driver of growth. Earlier, the public sector used to drive the growth engine, but not now,” Kumar mentioned.
The Niti Aayog official mentioned that India wants to hurry up progress charges to not less than eight per cent to deal with the problems of discount of poverty, bettering the healthcare system and growing the attain of training. According to him, the expansion course of needs to be equitable and sustainable. Kumar mentioned that in 1990, the per capita revenue of China was the identical as that of India.
“Now, China’s per capita income is five times more than that of India,” he mentioned. To register greater progress charges, investments must be elevated as a proportion of GDP and India wants to realize a better share within the international exports, Kumar mentioned. And to extend share in international exports, trade charge insurance policies needs to be modified if wanted, the Niti Aayog vice- chairman mentioned.
Also, the share of producing in total GDP should improve, he mentioned including that the federal government has prolonged the Production Linked Incentive (PLI) scheme to 13 sectors. Kumar additionally harped on the necessity for modernisation of agriculture to extend productiveness.
