Indian economy growing at 9.2%: NITI CEO

23 Feb 2022 CW Team

On Monday, Niti Aayog CEO Amitabh Kant told the media that the Indian economy is growing at 9.2% and is likely to boost at similar rates in the following years.

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

The economy is rising at 9.2% and is likely to increase at similar rates in the coming years, and will be one of the fastest-growing large economies in the world.

Kant said that the nation has taken measures to increase efficiency and several reforms like GST, Insolvency & Bankruptcy Code, and lowering of corporate taxes.

All these reforms, he said, will assist in making India a global manufacturing champion and manufacturing hub.

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

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Also read: Indian economy on fiscal consolidation path: Finance Minister

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