The series of path-breaking and ambitious reforms unleashed by the Modi government in the last few years will make India a very competitive and productively efficient economy, in the long run, a top Indian official said on Friday.
“There a great positivity about India,” NITI Aayog CEO Amitabh Kant told in an interview. However, here as he wound up his three-city US tour for a series of interactions with academicians. Also, innovators, startups, corporate leaders and government officials in Boston, New York, and Washington DC.
People here believe that the fundamental reforms that gathered out in India across the economy, including GST, to end crony capitalism with the bankruptcy code, in terms of real estate reforms through RERA and in terms of direct benefit transfer, “will make India a very competitive and productively efficient economy in the long run,” Kant said.
India will become a very competitive and productively efficient economy
“India’s story has just begun,” he added.
“Our process of urbanization, infrastructure creation, using technology to leapfrog has just begun. Also, you will see huge growth in the next three decades on the foundation of the reforms that carried out,” the NITI Aayog CEO asserted.
Replying to a question on the economic growth figures, which are among the lowest in recent years. Kant said these were short-term indicators, and that India was on track to be a USD 5 trillion economy.
“The goal of the government is to make it a USD 5 trillion economy by 2025. We will deliver that and make India one of the easiest and simplest countries in the world.
“We determined to reach the top 50 in the next year on World Bank’s ease of doing business index. However, in the top 25 in the next three years,” he said. “This goal is very much achievable.” Earlier in the day, Kant formally released the India Innovation Index in the United States. At an event organized by the US India Business Council, along with Google.
India, under Prime Minister Narendra Modi. Also, was moving fast on the track of ease of doing business, the NITI Aayog CEO said.