<span style="color: #000000;">Vice President M Venkaiah Naidu today called upon the industry to work with the government on implementing various reforms with greater vigour and pave the way for sustained economic growth in the coming decade. Speaking virtually at 'Mystic South, Global Linkages Summit ' Towards a 1.5 trillion dollar Economy by 2025' organised by the Confederation of Indian Industry, he said India is now at a decisive point in regaining its growth. He added that now is the time for all the stakeholders to join hands and ensure sustained economic momentum.<br />''<br />''Pointing out that the Government has taken a number of steps to revive the economy, he said the industry on its part must rise to the occasion and ensure that the upward growth trajectory continues. The Vice President said the need of the hour is to initiate actions that return the economy to a high-growth track and create jobs for millions of workers by 2030.<br />''<br />''He stated that an annual GDP growth rate of 8 to 8.5 percent annually with continued productivity growth will be required to stimulate entrepreneurship, create jobs and drive balanced progress. Mr Naidu noted that India has been one of the 18 outperforming emerging economies over the past decade.<br />''<br />''Mr Naidu also said the aspiration for the southern region to become a 1.5 trillion dollar economy by 2025 is certainly achievable. He advised the southern states to focus on reforms, 'Ease of Doing Business' and adopt the best practices to attract investments.</span><br />
News On AIR | September 23, 2021 2:03 PM
Vice President urges industrial sector to implement various reforms with greater vigour for sustained economic growth