1 day ago
Rajiv Kumar Says Private Investment Is Key to Double-Digit Growth
Rajiv Kumar says India needs businesses to invest more if the economy is to grow faster.
He believes companies are more likely to invest when rules are easier to manage and policies are predictable.
He also says the central and state governments should work together more closely.
Kumar warned that higher interest rates could make people spend less.
They could also make businesses more cautious about investing.
Smaller businesses may feel this pressure too.
Former Niti Aayog Vice Chairman Rajiv Kumar said India’s next growth phase depends on stronger private investment.
He called for a more supportive environment for businesses to invest.
Kumar urged lower regulatory and compliance burdens and more predictable policies.
He said stronger cooperation between the central and state governments is needed.
He warned that higher interest rates could weigh on consumption, investment and smaller businesses.
- Who
- Rajiv Kumar, former Vice Chairman of Niti Aayog.
- What
- He said private investment and a supportive business environment are important for India’s next phase of growth.
- Where
- India.
- When
- Not specified in the article.
- Why
- He said reduced regulatory and compliance burdens, predictable policies and stronger Centre-state cooperation could support business investment; higher interest rates could weigh on growth.
Growth-supportive measures
Potential economic pressures
Private investment
Growth-supportive measures
Kumar said a more supportive business environment, lighter regulatory and compliance burdens, predictable policies and Centre-state cooperation could help encourage investment.
Potential economic pressures
He warned that higher interest rates could weigh on investment, alongside consumption and smaller businesses.
Key facts
- Speaker
- Rajiv Kumar
- Former role
- Vice Chairman of Niti Aayog
- Growth goal discussed
- Double-digit growth
- Investment priority
- Encouraging private investment
- Business measures urged
- Lower regulatory and compliance burdens and predictable policies
- Government coordination
- Stronger cooperation between the Centre and states
- Interest-rate concern
- Higher rates could weigh on consumption, investment and smaller businesses
Sources
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