HomeFINANCEAmitabh Kant : India must remain an integral part of global economy

Amitabh Kant : India must remain an integral part of global economy

Amitabh Kant said on Tuesday that India must remain an integral part of the global economy if it is to grow 9-10 percent over the next 30 years.

Speaking at the 15th India Digital Summit, Kant said India needs to be the largest nation in the world, otherwise it will not be able to enrich and enrich its people for the next three decades.

He said that If India is to grow 9-10 percent over a 12-year period, it must be open, he said that it must be an important part of the global economy and that It has to be an important part of global procurement.

Kant also further pointed out and said that the Aatmanirbhar Bharat government program is not just about defense, he said that it is more about making India a part of the global trade.

According to the chief executive of Niti Aayog, after the post-Covid-19 epidemic ours is the only developing country that will use the digital ecosystem.

He said that the Global exports after the flu will be rebuilt, and you can only compete if you are able to harness the power of technology.

Amitabh Kant : India must remain an integral part of global economy
Amitabh Kant : India must remain an integral part of global economy

Noting that India’s digital diversity has shrunk, Kant said that when you look at the huge growth of Unified Payments Interface (UPI), it has grown over and over again.

In an incentive (PLI) program linked to manufacturing, he said the technology and mobile manufacturing system had received a very positive response.

Kant said that like the mobile and electronic manufacturing, the PLI battery production system will provide much-needed fulfillment in the country’s production, he also added that India needs access to growing areas where the sun rises.

Pradhan Mantri Jan Dhan Yojana (PMJDY) has found democracy access to financial assistance, adds a senior manager.

He also said that the presence of poor Indian people in this financial product is increasing due to the country’s fintech revolution.

Kant also said that India is the capital of the world vaccine, as our country makes up 70 percent of the world’s vaccine.

Speaking again at the event, Facebook India vice-president and Ms Ajit Mohan said the internet crash happened a few months ago.

He also said that Facebook, Instagram and WhatsApp are being used by businesses in a growth that has not been seen before 12 months.

Kant said India has the potential to create a $ 1 billion economy from the digital economy by 2025 and rise from $ 200 billion at present.

Digital infrastructure emerged as the most important infrastructure compared to traditional infrastructure needs such as power and roads, he added.

“Digital is the future,” Kant said, adding that if India wants to improve the social or health sectors, going digital is very important.

Kant also gave a special importance and said that digital transformation will advance the Indian manufacturing sector with the help of technologies such as AI, cloud computing, IoT, blockchains, and robots.

Lastly he said that In order to take its rightful place in international supply chain, India has used this technology and applied it to all supply chain chains to gain competitiveness. He also said that Information will be important to achieve these goals.

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