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Business News/ News / Indian economy growing at 9.2%, among fastest-growing large economies: Niti CEO
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Indian economy growing at 9.2%, among fastest-growing large economies: Niti CEO

He said the govt's PLI scheme for sunrise sectors will add $520 billion to India's output in the next 5 years and make India a part of global supply chain

Niti Aayog chief executive officer Amitabh KantPremium
Niti Aayog chief executive officer Amitabh Kant

Niti Aayog CEO Amitabh Kant on Monday said that the Indian economy is growing at 9.2% and is expected to grow at similar rates in the coming years.

He said the government's production linked incentive (PLI) scheme for sunrise sectors will add $520 billion to India's output in the next five years and make India a part of the global supply chain.

Speaking at an event by AIMA (All India Management Association), Kant said: “Today India is witnessing unprecedented levels of economic development and technological disruptions." 

"The economy is growing at 9.2% and is expected to grow at similar rates in the coming years, making us one of the fastest-growing large economies in the world," he said.

Kant said the country has taken several measures to maximise efficiency and several reforms such as GST, Insolvency & Bankruptcy Code, and lowering of corporate taxes. 

All these reforms, he said, will help make India a global manufacturing champion and manufacturing hub. 

Referring to infra asset monetisation pipeline and PM Gati Shakti, Kant said that combined effect of these would ensure the development of a world-class infrastructure with the participation of both - the government and the private sector.

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Published: 21 Feb 2022, 06:39 PM IST
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