Global shocks are best times for radical reforms: G20 Sherpa Amitabh Kant

He added that India needs to refocus on other areas, pointing to the need to expand the money spent on green technology

India’s G20 Sherpa Amitabh Kant has said the best conditions for reforms in economic policies, to spur investments in cutting-edge technology are now since the global economy is in turmoil.

Finance Minister Nirmala Sitharaman shall present her annual budget in less than three months and Kant's comments are therefore significant.

“Global shocks are the best times for radical reforms”, he said at the release of NCAER’s mid-year review of the economy, on Saturday. He said the Indian government has been spending disproportionately more on the rural sector and agriculture, but those cannot provide quality employment.

He added that India needs to refocus on