Amitabh Kant Urges Single-minded Pursuit Towards A $5 Trillion Economy


The NITI Aayog CEO Amitabh Kant opined that India needed to focus on pursuing the $5 trillion economy goal, leading to the creation of jobs and equity

Written By Akhil Oka | Mumbai | Updated On:

After the PM’s interaction with the American business leaders at the CEO Roundtable in New York, Republic spoke exclusively to the NITI Aayog CEO Amitabh Kant. On being asked specifically asked about his expectations from the PM’s final speech at the United Nations General Assembly on Friday, he stated that there were several important aspects such as climate change, sustainability, and strategic issues. However, he opined that India needed to focus on pursuing the $5 trillion economy goal.

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‘Will create jobs’ 

According to Kant, only economic growth mattered at this juncture from the country's central standpoint. He contended that this would spur the creation of jobs and bring equity in India. 

''The key is single-minded pursuit towards a $5 trillion economy. And that is the goal path which the PM has left. I do not think we should bother about other issues. Our vision must be clear, that we must head towards a $5 trillion economy. Because that will create jobs, that will bring equity in India,'' the NITI Aayog CEO observed.

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PM Modi's business meetings

Earlier in the day, PM Modi delivered the plenary address at the Bloomberg Global Business Forum where he highlighted multiple opportunities for the foreign companies to invest in India. He also cited several measures undertaken by the government, ranging from speedy infrastructure growth to a cut in the corporate tax rate. Subsequently, the CEO roundtable commenced. At this event, the PM interacted with high-ranking officials of 45 companies including Amazon, Amway, Apple, Bank of America, Boeing, Coca Cola, Deloitte, Ford, Google, IBM, Microsoft, VISA and many others. The focus of this meeting was on business and trade ties. Also, investment opportunities in India and enhancing the commercial linkages between the two countries were on the agenda.

Read: Congress: Economy Needs Surgery, Government Is Applying Balm

On September 22, the PM met the CEOs of the top energy companies in Houston. An MoU was signed between Tellurian, a Houston based energy major and Petronet LNG whereby the latter would invest $2.5 billion in Tellurian's proposed Driftwood LNG export terminal. In return, it will get the rights to 5 million metric tonnes of LNG yearly spanning 40 years.  

Read: PM Modi's "If You Want To Invest In Urbanisation, Come To India" Pitch

By 2030, 40% Indian will not have access to drinking water