<span style="color: #222222;">Reserve Bank of India Governor Shaktikanta Das today reflected on dynamic shifts in the economy that are underway and stated that these will shape the future of the economy. The RBI Governor was addressing members of the Confederation of Indian Industry (CII) National Council through video conferencing today.<br />''<br />''The RBI Governor while highlighting five major dynamic shifts in the country which needed to be converted into structural transformations said that Indian industry will play a pivotal role and bring silent revolution in coming days. He said the five areas including the farm sector, renewable energy, ICT, global value chains and infrastructure will act as force multipliers and will lead to sizable benefits for the economy.<br />''<br />''Das also said that the country must fight relentlessly against the coronavirus pandemic which has affected an already-slowing economy. The governor in his address complimented the government for ushering in reforms in the agriculture sector that will boost farmers' income and will add value to the economy. He said that the key challenge before the Indian agriculture sector is surplus management rather than self-sufficiency. Das stated that the gap on the infrastructure front remains large.<br />''<br />''He said the country needs $4.5 trillion for investment in Infrastructure by 2030, citing NITI AAYOG estimates. The RBI Governor also pointed out that the coronavirus pandemic has impacted funding for start-ups.</span><br />
News On AIR | July 27, 2020 2:17 PM
RBI Governor Shaktikanta Das highlights five major dynamic shifts in the country