Niti Aayog CEO Amitabh Kant told that the government is working on a package of structural reforms across sunrise sectors to convert India into a global manufacturing and exporting hub. He listed healthcare, education, mobility, genomics, AI, 5G network, fintech and manufacturing as high priority areas for rapid and radical structural reforms, in an interactive session which is organised by All India Management Association (AIMA) on post-COVID-19 scenario for Indian economy.
Kant was quoted as saying during a statement by the AIMA – “These are the new areas of growth where disruption is inevitable and where speed, scale and size are required. Manufacturing would be a key focus area for the govt within the post-COVID-19 period, as India wants to require advantage of the availability chain disruptions in China”. The government contacted about 1,450 companies across the world for manufacturing in India. To promote the manufacturing, Kant suggested that the states should fix electricity and land rates which would not escalate for next 25 years.
The Niti Aayog CEO told that the unorganised sector can be allowed to become a organised in a dignified way by making organised sector less regulated and tempering labour rules and employers contributions.
Kant also told that India had flattened the curve and contained both the infections and the deaths at extremely low levels by imposing the lockdowns in the world. According to Kant, India’s commercial hubs were facing so many bad situation and until the virus was contained there, the economy would not return to the normal.