In order to grow at the rapid rate of growth, the States and UTs should have a growth rate of 12 per cent per annum, only then the intended growth level will be realized, he added.
In his Key Note Session at Chief Secretaries' Conclave, organized by PHD Chamber of Commerce and Industry here today, the CEO also said that the NITI Aayog would support all those States that strive for higher growth rate with pro-active policies so that industry is activated to committing investments in them as growth and investments are key to economic transformation as well as job creation.
A minimum of 12 States of Indian union will have to grow at 12 per cent rate to avail of NITI Aayog's handholding and support. With this approach, India would move on an overall growth rate of 9-10 per cent and even beyond, said Mr. Kant.
He lamented that education and other such activities that should have been reformed objectively in the last 68 years, could have led to betterment of Indian economy as a whole, however, with new focus on such activities, India might regain a new strength to recover to attain the desired objective.
Mr. Kant also made a prognosis that with jump in reformative spirits in the list of ease of doing business, a minimum of two per cent growth rate could be added to existing rate of growth and that is why there is clamor within all states and UTs for increasing ease of doing business, India would be attractive hub for economic activities through a spirit of partnership between domestic and global industries.
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