Working on road map to advanced economy: FM Nirmala Sitharaman
Published On: Tuesday, September 6, 2022 | By: Team KnowMyStock
“The next 25 years will be very critical for India. We have to work towards maintaining the growth momentum. So together with the central bank, the ministry of finance will be working out a pathway which will be predictable and consistent and which will give every stimulus required for growth of the Indian economy,” Sitharaman said while speaking at an event organised by Elara Capital. Prime Minister Narendra Modi in his address to the nation on August 15 had called upon citizens to make India a developed nation when it celebrates 100 years of Independence in 2047.
Sitharaman said the principal focus would be equitable distribution of wealth so that India grows to become an advanced economy by 2047.Indirectly criticising the freebie culture, Sitharaman said the poor would be empowered through handholding measures and not through entitlements.
The finance minister said the world order was definitely seeing a phase of significant changes.Entire ecosystem of certain segments of industry are now willing to move into India from China, and the Union government is working together along with the state governments to make sure that they are brought in and the facilitation should be with the ‘plug and play’ model,” she added.
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