Das recipe for revival

Thursday 23rd September, 2021

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Das recipe for revival OUR BUREAU Mumbai: Reserve Bank gov ernor Shaktikanta Das on wednesday underlined the need for a big push to infra structure investment, educa tion and digital economy to achieve sustainable growth and generate jobs in smaller cities. "As we recover (from the pandemic), we must deal with the legacies of the crisis and create conditions for strong, inclusive and sustainable growth. Limiting the damage that the crisis inflicted was just the first step; our endeavour should be to ensure durable and sustainable growth in the post pandemic future," Das said. The governor made these Shaktikanta Das comments while speaking at the 48th AIMA National Management Convention through video conferencing, Sustainable growth, Das said, should entail building on macro fundamentals via medium-term investnents, sound financial systems and structural reforms. "Towards this objective, a big push to investment in healthcare, education, intovation, Mivsical and digital infra structure will be required. We should also continue with fur ther reforms in labour and product markets to etx ourage competition and dynamism, and to benefit from the pandeanic induced opportunities," he said. In addition, the warehouse and supply chain infrastruc ture will be critical to bolster value addition and productivity in the agriculture atd horticulture sector, Das said, addingthis will create employ ment opportunities in semiwban and mral areas and promote inclusive growth. The production linked incentive schene announced recently by the government for certain sectors was an important initiative to boost manu. facturing, he said.