Urbanization is essential for India’s quantum economic growth: Amitabh Kant

India needs a paradigm shift towards technology and innovations New Delhi, Delhi, India (NewsView) True growth in India can only happen through urbanization which is essential for a quantum economic leap and reduction of poverty in the country, Mr. Amitabh Kant, CEO, NITI Aayog said today during an interactive session around a series of policy issues, organized by the Public Affairs Forum of India ( PAFI).

“India needs to fire a lot of cylinders, including manufacturing, to reach its true growth potential,” Kant added. The session was moderated by Mr. Virat Bhatia, Managing Director, Apple India and Ms. Vinita Sethi, Senior Vice President and Head of Public Affairs, Apollo Hospitals Enterprises Ltd. Speaking on climate change and India’s role in ensuring rapid industrial growth without carbonizing the world, Mr. Kant said: “India is the only country in the world to have achieved its NDC (Nationally Determined Contributions) targets which were finalized in 2021. India also lowered the cost of renewable energy by 2.7 cents per kilowatt hour. This gives India an opportunity to crack the water and produce green hydrogen and become a center of the world to become a global green hydrogen in its liquid form and more ammonia. Mr. Kant also said that India has dismantled around 1500 rules and regulations to promote the ease of doing business in the country and states should follow the same. “States like Uttar Pradesh, Maharashtra and Gujarat have been growing at a rapid pace and are on their way to becoming major drivers of the Indian economy due to their ease in making trade policies,” he said. -he adds. “India needs a paradigm shift to move into technology and innovation and skip emerging sectors where the real growth is. The role of government should be in public policy in areas like health, education and nutrition, and public policy should help create wealth through the private sector We should push for more and more public-private partnerships to get the type of growth we are aiming for,” Mr. Kant added. About PAFI The Public Affairs Forum of India (PAFI) aims to align business, society and government on long-term priorities; trust among all stakeholders; Collaboratively develop smart and relevant policies, proposals and processes that foster innovation and are informed by evidence-based research and foster capacity building. t capabilities to navigate change in India’s context and complexity. Learn more about PAFI at pafi.in. REP REP

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