Addressing the AGM of PHD Chamber of Commerce, NITI Aayog CEO Amitabh Kant said, "While we are growing at about 7.5-7.6 per cent, India must be very hungry and ambitious for growth of 9-10 per cent".
He outlined the need for structural reforms like GST, Bankruptcy Law and demonetisation to achieve high rate of growth.
Highlighting the benefits of moving towards a cashless, digitised economy, Kant said it can eliminate corruption, counterfeiting and financing for terror activities.
Laying out a multi-pronged approach for India to achieve 9-10 per cent economic growth over a period of three decades, Kant said the country needs to have consistency and predictability in the policy regime, coupled with factor market reforms in land and labour, and bring about women's emancipation.
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The chief of government think-tank NITI Aayog pointed out that exports have to play a very critical role as the share of India's exports in global markets is very minimal, at just 1.7 per cent.
"Unless we penetrate global markets it will be very difficult for India to grow at rates of 9 to 10 per cent," he said, outlining the need for gender parity.
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