PM Modi says public and private sectors need to think outside the box to seize global opportunities

New Delhi:

Prime Minister Narendra Modi said on Friday that both the public and private sectors need to work in tandem to think outside the box and seize the opportunities presented by the emerging global environment.

Prime Minister Modi interacted with prominent economists and experts from NITI Aayog ahead of the federal budget, while also praising the success of India’s digitization story and the rapid adoption of fintech across the country, an official statement said.

It added that during the meeting, economists made recommendations on ways for India to maintain its momentum. With its resilience, India has emerged as a bright spot on the turbulent global stage, they said.

The interaction was attended by Union Finance Minister Nirmala Sitharaman and senior government officials. Niti Aayog deputy chairman Suman Bery and other members were also present, sources said.

Economists attending the meeting included Shankar Acharya, Ashok Gulati and Shamika Ravi.

In his speech, Prime Minister Modi noted that despite the risks, the emerging global environment offers new and diverse opportunities in areas such as digitalisation, energy, healthcare and agriculture.

The press release quoted him as saying that to seize these opportunities, both the public and private sectors need to work synergistically and think outside the box.

PM Modi hailed the success of India’s digital story and the rapid adoption of fintech across the country, as well as the potential for inclusive growth and development it promises.

He also highlighted Nari Shakti as a key driver of India’s economic growth and urged continued efforts to further promote and facilitate women’s participation in the workforce.

The release further said that the participants presented practical measures on ways for India to carefully maintain its momentum. Thoughts and advice were shared with the Prime Minister on a variety of topics from agriculture to manufacturing.

Recognizing that potential global headwinds are likely to persist, strategic recommendations to further strengthen India’s resilience were also shared. “There is consensus that India has emerged as a bright spot on the turbulent global stage due to its resilience,” the release said.

It has been suggested that new growth drivers need to build on this foundation through the overall development of all sectors.

The theme for the deliberations was “India’s Growth and Resilience Amid Global Headwinds”.

(Aside from the title, this story is unedited by NDTV staff and published via a syndicated feed.)