The target of achieving an economy of $5 trillion by 2024-25 is ‘eminently’ doable and the private sector would have to take the lead, according to vice chairman of Niti Aayog Rajiv Kumar, who recently told the annual general meeting of the Indian Chamber of Commerce that the government alone cannot achieve that and is willing to work with the private sector.
The government’s will is clear in several initiatives mentioned in the budget like a hike in the disinvestment target, governmental support to non-banking finance corporations and a long-term plan to deepen the corporate bond markets, a news agency quoted Kumar as saying.The target of achieving an economy of $5 trillion by 2024-25 is 'eminently' doable and the private sector would have to take the lead,according to vice chairman of Niti Aayog Rajiv Kumar, who recently told the annual general meeting of the Indian Chamber of Commerce that the government alone cannot achieve that and is willing to work with the private sector.#
Structural reforms in the agriculture would also have to carried out, he added. (DS)
ALCHEMPro News Desk – India
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