The Indian economy is growing at 9.2 percent and will continue to do so in the future years, said NITI Aayog CEO Amitabh Kant.
The CEO stated that the government's production linked incentive (PLI) scheme for sunrise sectors will add USD 520 billion to India's output over the next five years, thereby integrating India into the global supply chain.
"Today, India is experiencing tremendous economic growth and technology changes. "We are one of the fastest-growing big economies in the world," Kant stated at an AIMA event. "The economy is growing at 9.2 percent and is likely to develop at comparable rates in the next years."
He stated that the country has taken various steps to increase efficiency, including the implementation of the GST, the Insolvency and Bankruptcy Code, and the reduction of business taxes, among other changes. This, Kant added, will help India become a global manufacturing champion and centre.
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