Indian Economic Outlook 2019: The Strategy

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“India needs three decades of sustained growth at an average of 8% to meet the aspirations of its growing population”: Dr. Rajiv Kumar, Vice Chairman, NITI Aayog, Govt. of India

“Ayushman Bharat scheme may be extended to the rest of the population on the basis of voluntary payments to provide access to quality and affordable healthcare for all”: Dr. Rajiv Kumar, Vice Chairman, NITI Aayog, Govt. of India

“NITI Aayog set to promote cooperative and competitive federalism in the country”. Dr. Rajiv Kumar, Vice Chairman, NITI Aayog, Govt. of India

“Labour reforms are on the anvil, focus would not be on hire and fire”: Dr. Rajiv Kumar, Vice Chairman, NITI Aayog, Govt. of India

@ Vikas Sharma | Sr Journalist 

New Delhi: Indian Economic Outlook 2019, being organised in New Delhi today by the Indian Chamber of Commerce and supported by ICSSR, Dr. Rajiv Kumar, Vice Chairman, NITI Aayog, Govt. of India said that the Government wants a much larger formal economy with strong feedback mechanism from stakeholders. He said that with regards to agriculture, the Government wants to promote agro processing and agro exports in India. India’s share of merchandise world trade has also come down and it is important to increase that share, observed Dr. Kumar. He also informed that the Government would rank 740 government hospitals in the country to standardize service delivery in the healthcare sector. India is also looking forward to initiatives like merger of schools to enable provision of quality primary education he said. Development should become a mass movement observed Dr. Kumar and Private sector led growth should provide opportunities for the population at large. He maintained that there is a need to build a bond of trust between the stakeholders in the economy including Industry, Government & Bureaucracy to carry forward the growth agenda of the country. Dr. Kumar added that the Government is focussing on the promotion of Ease of Doing Business for the investors at the grassroots level. Speaking on land reforms, he said, the State and Private sector can come together to use the large inventory of land that has already been acquired and is lying unused for industrialisation.

Mr. Rudra Chatterjee, President, ICC, Managing Director, Luxmi Tea Company (P) Ltd & Chairman, OBEETEE Pvt Ltd called for the necessity of factor market reforms in India in his opening remarks.
Mr. Mayank Jalan, Sr. Vice President, ICC & Chairman & MD, Keventer Agro Ltd gave the Vote of Thanks and called for more private sectors investments into the economy.

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