To attract FDI and reduce economic inequality, talent will have to be developed among the talented youth.
Lloyd India has predicted India’s economic growth rate to be in double digits in the current financial year.
Puneet Ranjan, global CEO (chief executive) of Deloitte, a consulting and other services company, said on Sunday that India would have to develop capacity and talent to attract foreign investment (FDI) and reduce economic inequality and quality. Education has to be made accessible to all. He also said that there is a lot of development potential in the country. Given the reasons such as the large domestic market and its contribution to the global economy, this century can definitely be of India.
It is noteworthy that Deloitte India has predicted India’s economic growth rate to be in double digits in the current financial year. Addressing the ‘Economics Summit’ at Sri Ram College of Commerce through video conference, Ranjan said, “The path ahead is completely clear. To attract foreign investment and reduce economic inequality, India will have to develop the capacity of young talent, as well as make quality education accessible to all, ”said the CEO of Deloitte, according to a statement issued here. That foreign direct investment and new technologies are most important, for which India is the most promising economy in the world.
National Education Policy Effective Steps
He said that in the next decade, the population of youth in India will be the largest in the world, but they must also have the necessary skills to move the economy forward. “The importance of technology like artificial intelligence, cloud and cyber for future jobs will increase greatly, new skills will be required,” Ranjan said, adding that India’s national education policy is a very impressive beginning in this direction.
It is commendable to increase the scope of PLI
Ranjan said that during the COVID-19 crisis, the Government of India made many structural reforms. The liberalization of Foreign Direct Investment (FDI) rules in various sectors and recently expanding the scope of Production Based Incentive Scheme (PLI) is greatly appreciated. He said, “With foreign investment, there will be a lot of job opportunities in the food processing, medicine, defense, space, textiles and electronic sectors in the country.”
This century belongs to India
Ranjan also said, “I believe this century belongs to India. Prior to this epidemic, India’s central role in the development of future technology, its large domestic market and its contribution to the global economy, most people predicted that this century would be of India and I completely agree with it. ‘ The global CEO of Deloitte also said that the chief executives of the United States and other countries of the world are already almost unanimous about the future of India and they are eager to invest in the people and production capabilities here.
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