NITI Aayog CEO Amitabh Kant has said that India's power is truly represented by its sustained economic growth, which is a key to its future and critical for security reasons. He said as a fallout of the COVID-19 pandemic radical reforms were ushered in across a range of sectors and asserted that India has had the sharpest recovery among the major economies.
Kant has stated that economic growth is expected to rebound about 5.5 percent after (-)3.5 percent in 2020 which has been the worst since post-World War. He also said that pushing India towards a high growth trajectory was a key challenge. He added that the private sector needs to be brought in at the heart of India's economic growth.
He further said the economies of east and southeast Asia have transformed themselves within a generation. India's economy has witnessed a substantial transformation over 30 years since 1991 with an average annual growth of 6.5 percent. He also said investment and sustained economic growth are critical for security reasons and COVID-19 will likely reverse the trend of poverty alleviation.