Krishnamurthy Subramanian, Chief Economic Advisor (CEA), Ministry of Finance, Government of India today urged the Industry to capitalise on the measures announced by the government and RBI and start making the investments required to boost growth. Speaking at 'Massmerize 2019 - Retail, FMCG & E-commerce Conference' organized by FICCI, Subramanian said that industry must play the leadership role in making investments. Investment has to be long-term and corporates should focus on the long-run. The fundamentals of the economy are fundamentally as strong as before. This gives an immense opportunity for corporates to be able to benefit from consumption by doing the investments that is required to be able to put economy back on the 7% plus growth path to make the country a $5 trillion economy by 2024-25 and $10 trillion by 2032, CEA said. He further reiterated that in order to achieve the target of USD 5 trillion economy by 20204-25 and USD 10 trillion by 2032 it is imperative that the corporates should also set-up benchmark with regards to honouring contracts of MSMEs and by making timely payments.
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