NITI Aayog’s Chief Executive Officer (CEO) Amitabh Kant said on Tuesday that the economy affected by the Kovid-19 pandemic is showing signs of improvement and will soon pick up. Economic activity in various areas had come to a standstill due to the Coronavirus epidemic and ‘Lockdown’ for its prevention. Gradually, various sectors of the economy are being opened. The government has taken policy steps including the announcement of a stimulus package to give momentum to the economy.
Kant said in FICCI Frames 2020, “I am very confident that India’s position will improve soon.” We are already seeing signs of improvement in the economy. We see that sectors such as companies making daily use have come back on track. “The slowdown in economic activity has affected the government’s revenue collection. However, economic activity is increasing gradually with the economy being opened. The GST collection stood at Rs 90,917 crore in June which was Rs 62,009 crore in May and Rs 32,294 crore in April. Fuel and electricity demand is also seen faster than in April and May.
Kant said that the epidemic is a big challenge and it is not only for India but for the whole world including America and European countries. He said, “Every crisis is also an opportunity. That is why this crisis is going to give everything to the losers and those who achieve a lot. India can decide whether it wants to lose or win. “He said that India should identify 12-13 areas of growth which is going to be the winner for tomorrow.” In this context, he identified areas such as data, artificial intelligence, genomics, mobility.
Kant said, “We have to identify 12-13 areas where the country can become a champion at the global level ….” He said that these areas should take India on the path of high growth for the next 10-12 years. Will go and create a large number of jobs. Regarding self-reliant India, the CEO of NITI Aayog said that it is not against being isolated and against globalization.
He said, “It is about taking better things from the world.” It refers to making global level products. This is not protectionism. It is associated with the ability of Indian companies to create products on a global scale, gain access to the Indian market, and gain access to global markets using the strength of the domestic market. ” India campaign is announced.