Public and private sectors need to think outside the box to seize global opportunities: PM Modi

New Delhi:

Prime Minister Narendra Modi said on Friday that both the public and private sectors need to take advantage of synergies and think outside the box to seize opportunities emerging as a result of the emerging global environment.

An official statement said that while interacting with economists and eminent experts at NITI Aayog ahead of the Union Budget, PM Modi also hailed the success of the digital India story and the rapid adoption of fintech across the country.

The statement added that during the meeting, economists made suggestions on ways in which India can maintain its development momentum. Because of its resilience, they said, India has emerged as a bright spot on the turbulent global stage.

The meeting was attended by Union Finance Minister Nirmala Sitharaman and senior government officials. Sources said Suman Berry, Vice President of Niti Ayog and other members also attended.

Among the economists who participated in the meeting were Shankar Acharya, Ashok Gulati and Shamika Ravi.

In his remarks, Prime Minister Modi noted that although there are risks, the emerging global environment offers new and diverse opportunities in areas such as digitization, energy, healthcare and agriculture.

To seize these opportunities, both the public and private sectors need to take advantage of synergies and think outside the box, the statement quoted him.

Prime Minister Modi hailed the success of the digital India story and the rapid adoption of financial technology across the country, and the potential for inclusive growth and development that it promises.

He also emphasized Nari Shakti as a key driver of India’s growth and urged continued efforts to further empower and enhance women’s participation in the workforce.

The statement further said that the participants offered practical measures on ways in which India can wisely maintain its development momentum. Ideas and suggestions were exchanged with the Prime Minister on various topics ranging from agriculture to manufacturing.

Realizing that the underlying global headwinds are likely to persist, strategic recommendations were also shared to further enhance India’s resilience. “There was agreement that because of its resilience, India has emerged as a bright spot on the turbulent world stage,” the statement read.

He suggested that new drivers of growth will need to build on this foundation through comprehensive development across all sectors.

The deliberations were based on the theme of ‘India’s Growth and Resilience Amid Global Headwinds’.

(Except for the headline, this story was not edited by the Alendronaterx staff and was published from a syndicated feed.)