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Many more structural reforms in the offing to push the economy to a high growth trajectory, says Niti Aayog CEO


There will be many more structural reforms by the government in the coming days to push the economy to a high growth trajectory. In the last five years, the economy has grown at about 7.5 per cent. The country’s growth rate of 8.1 per cent in the last quarter of 2017-18 has fallen to 5 per cent in April-June 2019-20. 


“I think many more structural reforms are in the offing. The government has pushed for public sector disinvestment. I can tell you we have pushed for asset monetisation in a very big way. Our belief is that instead of greenfield projects, investors must come into brownfield projects,” said Niti Aayog CEO, Mr Amitabh Kant, while speaking at a World Economic Forum event last week, as per a report.


 The RBI and the government have taken a series of measures to take India back to a high trajectory of growth. The RBI has reduced the repo rate by about 110 basis points in 2019 so far, and the government announced a series of economic boosters, including capitalisation of public sector banks, merging some of them, a package for exports, and bringing down the corporate tax rate, the report added.

 

Source : Exim News Service - New Delhi, Oct. 8

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