Monday, May 13 2024 | Time 23:24 Hrs(IST)
image
Business EconomyPosted at: Apr 17 2024 5:01PM


PHD Chamber identifies 10 key enablers for India to become Viksit Bharat by 2047

New Delhi, Apr 17 (UNI) Industry body PHD Chamber of Commerce and Industry has identified 10 key enablers including ease of doing business, reducing cost of doing business such as cost of capital, power, logistics, land among others, that would lead the Indian economy to “Viksit Bharat by 2047”
Releasing a blueprint for “Viksit Bharat by 2047”, the PHDCCI said the Indian economy is displaying robust growth post Covid pandemic despite continued global headwinds. India’s economy will become USD 34.7 trillion by 2047 with per capita income of USD 21000.
“We have identified 10 key enablers that are leading the economy to Viksit Bharat by 2047,” Sanjeev Agrawal, President of PHDCCI, said in a statement.
Percolate ease of doing business at factory level. Reduce cost of doing business including costs of capital, costs of logistics, costs of land and availability of land, costs of labour and availability of skilled labour and costs of compliance is first and basic key area requiring government’s focus.
Special focus should be laid on the development of semiconductor industry. This will enhance India’s prominence as a leading manufacturer globally, it said adding that continued handholding to startup ecosystem is critical.
Reform measures for agriculture and food processing sector should be on priority basis as this would help India becoming Viksit Bharat.
Among other enablers are filling the vacant positions at the national and state levels including judiciary, police, medical and para-medicals, military and para-military and education sector etc.
“India is adopting modern practices including artificial intelligence (AI), enhancing internet penetration, adopting world class logistic techniques among others, Agrawal said, adding India’s rank will among top 5 countries in Government AI Readiness Index, size of exports will be USD 10 trillion and India will be among top five countries in the Global Innovation Index by 2047.
UNI SKB CS
Please log in to get detailed story.
Tags: #PHD Chamber identifies 10 key enablers for India to become Viksit Bharat by 2047
More News

KVB reports healthy performance in profitability

13 May 2024 | 10:02 PM

Chennai, May 13 (UNI) Karur Vysya Bank on Monday announced its financial results for the Quarter / Year ended March 31, 2024 stating it continued its healthy performance in terms of profitability as well as asset quality.

see more..

13 May 2024 | 9:58 PM

Chennai, May 13 (UNI) PSU Bharat Earth Movers Ltd (BEML), India's leading indigenized heavy equipment maker, on Monday announced its financial results for the fourth quarter of FY24, ending March 31, 2024, reporting an impressive growth across key financial metrics, reflecting its robust performance and strategic initiatives.

see more..

Tata Power expands EV charging network in Karnataka

13 May 2024 | 7:14 PM

Bengaluru, May 13 (UNI) Tata Power, a key player in India's energy sector and a leading contributor to the electric vehicle (EV) charging infrastructure, continues to drive the growth of sustainable transportation in Karnataka.

see more..
India's retail inflation dips to 11-month low of 4 83 pc in April: Govt data

India's retail inflation dips to 11-month low of 4 83 pc in April: Govt data

13 May 2024 | 6:45 PM

New Delhi, May 13 (UNI) India's retail inflation measured by consumer price index (CPI) eased further and dipped to an 11-month low of 4.83% in April 2024, as per official data released on Monday.

see more..

Kottayam-Kochi Rubber Market Rates

13 May 2024 | 6:07 PM

Kottayam, May 13 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..
image