NITI Aayog CEO Amitabh Kant on Saturday said India’s power is truly represented by its sustained economic growth, which is a key to its future and critical for security reasons.
Delivering the keynote address at the inauguration of ‘Militaria@Jaipur-2021’, he said as a fallout of the COVID-19 pandemic radical reforms were ushered in across a range of sectors and asserted that India has had the sharpest recovery among the major economies.
Economic Growth is expected to rebound about 5.5 per cent after (-)3.5 per cent in 2020 which has been the worst since post-World War, Kant said, adding that pushing India towards a high growth trajectory was a key challenge. The private sector needs to be brought in at the heart of India’s economic growth, he said.
“The economies of east and southeast Asia have transformed themselves within a generation. India’s economy has witnessed a substantial transformation over 30 years since 1991 with an average annual growth of 6.5 per cent,” the NITI Aayog CEO said.