NEW DELHI: Reserve Bank Governor Shaktikanta Das on Wednesday underlined the need for a big push to infrastructure investment, education, healthcare and digital economy to achieve sustainable growth and generate jobs in smaller cities.
“As we recover (from the pandemic), we must deal with the legacies of the crisis and create conditions for strong, inclusive and sustainable growth. Limiting the damage that the crisis inflicted was just the first step; our endeavour should be to ensure durable and sustainable growth in the post-pandemic future,” Das said.
The governor made these comments while speaking at the 48th AIMA National Management Convention through video conferencing. Sustainable growth, Das said, should entail building on macro fundamentals via medium-term investments, sound financial systems and structural reforms.
“Towards this objective, a big push to investment in healthcare, education, innovation, physical and digital infrastructure will be required. We should also continue with further reforms in labour and product markets to encourage competition and dynamism, and to benefit from the pandemic induced opportunities,” he said. In addition, the warehouse and supply-chain infrastructure will be critical to bolstering value addition and productivity in the agriculture and horticulture sector, Das said, adding this will create employment opportunities in semi-urban and rural areas and promote inclusive growth.
This story is from the September 23, 2021 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 23, 2021 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Rajiv Scrapped 'Inheritance Law' To Save His Property: PM Attacks Cong In MP
Congress' Shahzade Is Naamdar And We Are Kaamdar, Says PM
Israel-Gaza War: Five Dead After Israel Strikes In Rafah
Ship Comes Under Attack In Gulf
I was compared to a dog: Aayush Sharma
He heard cruel comments like 'Salman Khan should have launched a dog instead' of him
Patidar, spinners help RCB snap six-match losing streak
RCB BEAT SRH BY 35 RUNS
ITC plans to open more hotels overseas, says CMD Sanjiv Puri
Besides the hotels, ITC will look for opportunities to expand presence of FMCG & other verticals in new overseas markets as well
'Resilient economy, price stability to support India's growth story'
Overall, India continues to be the fastest-growing major economy, with positive assessments of the growth outlook for current financial year
Vedanta posts Q4 net profit of ₹1,369 crore
Anil Agarwal led Vedanta Ltd on Thursday reported a 27.2 per cent decline in consolidated net profit to Rs 1,369 crore for the March quarter on account of a one-time impairment of Tuticorin asset.
IndiGo places firm order for 30 wide-body A350-900 aircraft
The airline will also have the option to purchase 70 more such aircraft
Twins ace IIT JEE Main 2024: Aarav scores 100, Aarush 99.65
The National Testing Agency (NTA) recently declared the results of the JEE Main 2024 session 2 on April 24. Among the candidates who appeared for the exam, an impressive total of 56 individuals achieved a perfect score. Notably, Nilkrishna Gajare from Maharashtra emerged as the topper of the exam.
LS polls expenditure may touch Rs 1.35 lakh cr in 2024, say experts
PEGGED AS COSTLIEST EVER