Delhi: On Asking about record rise in rural private consumption NITI Aayog CEO, Amitabh Kant says, “So how can this growth be important to the Top Gear ? So the private consumption has been given or thrust through CapEx expenditure, to, a whole range of government schemes which provide welfare to the people living in rural areas. But it's very important to make the people living in those, rural areas as very active participants in our economy. And that would require us to do training, skilling so that we get better quality jobs and such that they become very productive participant in the growth and progress of Indian economy. He also spoke on the growth of defence sector under the make in India program.
#amitabhkant #nitiaayog #formerceo #amitabhkantinterview #defencesector
#amitabhkant #nitiaayog #formerceo #amitabhkantinterview #defencesector
Category
🗞
NewsTranscript
00:00So, rural private consumption has been given a thrust through CAPEX expenditure, through
00:09a whole range of government schemes which provide welfare to the people living in rural
00:18areas.
00:19But it's very important to make the people living in those rural areas as very active
00:24participants in our economy, and that would require us to do training, skilling, so that
00:31they get better quality jobs in the future, they become a very productive participant
00:36in the growth and progress of the Indian economy.
00:38There's a huge possibility, the defence sector has been liberalised, not only are we manufacturing
00:42for India, we are also exporting from India to the rest of the world.
00:47So defence is a massive potential in India, we import, we used to import a lot, that has
00:53come down, we have very big manufacturers like Tata's, L&T, Mahindra's, many other companies
01:01who are manufacturing in the defence sector, and I think defence is one area where we have
01:07the massive potential to export and capture the market across the world.
01:11Why are you talking about a $10 trillion economy?
01:13We should aim to be a $30 trillion economy by 2047.
01:17That means that India must grow 8 times in the next 20 years, that's the challenge for India.