India Inc not investing in labour-intensive sectors: Govt

NITI Aayog action plan: Three-year plan replaces five-year Plans from this Financial year

The Union government on Thursday questioned India Inc over its “reluctance” to invest in labour-intensive sectors even in states where labour laws had been made flexible. The government flagged the issue at the release of the NITI Aayog’s three-year action plan, which disagrees with the critics who have suggested that economic growth has been jobless so far. 

The action plan, which replaces the five-year plan process of the Nehruvian era from the current financial year, is optimistic that the economy will return to an 8 per cent growth rate in two-three years, if not sooner. 

Releasing the action plan, Finance Minister Arun