1 day ago
NITI Aayog Calls Inclusive Growth Key to Developed India
Anurag Jain said India wants to become a developed country by 2047.
He said economic growth should benefit people across all states and income groups.
Some states are doing well in health and education, but others need more help.
People should have access to education and skills so they can find jobs or start businesses.
Jain said new technology can help people become more productive.
He also said the benefits of technology should not go only to a small group.
The government plans to support competition and prevent monopolies and market distortions.
SBI said many Jan Dhan accounts that once had no money now have an average balance of Rs 5,000.
NITI Aayog CEO Anurag Jain said India needs inclusive growth to become a developed country by 2047.
Jain said some states perform strongly in health and education, while others are lagging behind.
He emphasized education, skills, employment, entrepreneurship and attention to the lowest-income groups.
Jain said technology should raise productivity and incomes, but warned against benefits being concentrated among a few people.
SBI Managing Director Rama Mohan Rao Amara said SBI holds 30% of Pradhan Mantri Jan Dhan Yojana accounts, whose average balance has risen to Rs 5,000.
- Who
- NITI Aayog CEO Anurag Jain and SBI Managing Director Rama Mohan Rao Amara.
- What
- They discussed inclusive growth, technology, competition, financial inclusion and progress toward India’s 2047 development goal.
- Where
- Mumbai.
- When
- Friday, at the Global Fintech Fest 2026.
- Why
- Jain said inclusive growth is needed so people across states and income groups can share in India’s prosperity.
Key facts
- Development target
- India aims to become a developed country by 2047.
- Speaker
- Anurag Jain, CEO of NITI Aayog.
- Event
- Global Fintech Fest 2026.
- State disparities
- Some states are doing well on health and education, while others are lagging.
- Policy focus
- Education, skills, gainful employment, entrepreneurship and economic inclusion.
- SBI Jan Dhan share
- SBI accounts for 30% of Pradhan Mantri Jan Dhan Yojana bank accounts.
- Average account balance
- The average balance in those accounts has risen to Rs 5,000.
Quotes
Rama Mohan Rao Amara
SBI managing director
“We are able to see that while these accounts have started with a zero balance, now we are able to see an average balance of Rs 5,000 in these accounts. So we are also now instrumental in focusing on graduating these customers from savings to protection.”
thehansindia.com
“I am confident that what new technology has come, and will come, will add to human productivity, and once productivity increases, the factor income goes up, so it should get distributed unless it gets cornered by a few people.”
thehansindia.com
Sources
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