Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.


Stock Analysis, IPO, Mutual Funds, Bonds & More

Govt doing everything possible to bring India back on high growth path: Amitabh Kant

"We need to think what kind of innovation we need to undertake to attain a high trajectory growth," said Amitabh Kant.

Sep 18, 2019, 06.40 PM IST
Niti Aagoy CEO Amitabh Kant
NEW DELHI: The government is doing everything possible to turn around the Indian economy and bring it back to a high trajectory growth path, Niti Aagoy CEO Amitabh Kant said on Wednesday. "If you look at the last five years, India's growth on an average was of about 7.5 per cent....the growth story has dipped to 5 per cent in the first quarter of the fiscal year 2019-20. Both the RBI and the government of India are active on this.

"We need to think what kind of innovation we need to undertake to attain a high trajectory growth," Kant said while delivering keynote address on 'Fostering a Culture of Innovation' at an All India Management Association event here.

Whereas the Reserve Bank has brought down the repo rate by 110 basis points, the government took a series of measures and gave three economic boosters, he said, adding it will continue to do so.

"The government is active, the fundamentals of Indian economy is intact and we will continue to do whatever it required to take india back to high trajectory growth rate," Kant said.

The CEO also said that there are several measures in the offing to boost the Indian economy and there will be more public sector asset monetisation as well as disinvestment.

Kant also said that there will be more reforms in the mining and coal sector.

Also Read

The dynamics of India's growth slowdown

Growth not my baby, says the RBI

IMF lowers growth estimate to 6.1%

Lamborghini expects 30% growth driven by non-metros

Indian hospitality procurement industry set for big growth

Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service