Amitabh Kant

Circular economy may create over 10 mn jobs by 2050: Amitabh Kant

India's circular economy could generate a market value of over USD 2 trillion and create 10 million jobs by 2050, the country's G20 Sherpa Amitabh Kant said Monday. Addressing an event here, Kant further said the circular economy can be a driver of growth, and this transition not only promises cost savings but also positions India to capitalise on the global circular economy market. "This is a huge opportunity because, by 2050, India's circular economy could generate a market value of over USD 2 trillion and create close to 10 million jobs," he said. Currently, the size of the Indian economy is USD 3.7 trillion. Noting that industrialisation and urbanisation are creating an unsustainable India, Kant said, "We need circular economy as a beacon of hope". The country's natural resources are depleted at an unsustainable pace, generating massive amounts of waste. While pointing out that India is generating about close to 1.6 lakh tonnes of municipal solid waste per day, he said this .

India bringing legacy of New Delhi declaration: Kant ahead of G20 Summit

Kant noted that the New Delhi declaration was progressive and was focused on the visions of PM Modi

Debroy's insights into economics shaped policy, inspired many: Amitabh Kant

Bibek Debroy's insights into economics shaped policy and inspired many, said India's G20 sherpa Amitabh Kant in his condolence message on Friday. Debroy (69), who was the chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), died on Friday morning. "I'm deeply saddened by the passing of Bibek Debroy. His insights into economics shaped policy and inspired many. He was a brilliant mind, and an incredibly kind soul who genuinely cared for the betterment of society," Kant said in a post on X. Kant further said he fondly remember working with Debroy and being struck by his patience, and ability to articulate complex issues with unmatched clarity. "You will be dearly missed Bibek. We have lost one of India's brightest minds today," he said. Debroy was an alumnus of Ramakrishna Mission School, Narendrapur and Presidency College, Kolkata. He studied in Delhi School of Economics and then went to Trinity College, Cambridge. Former NITI Aayog vice chairman Rajiv Kumar ..

Should aim to become clean energy exporter by 2030: Former NITI CEO Kant

India should aim for 750 gigawatts of renewable energy capacity and become a clean energy exporter by 2030, former NITI Aayog CEO Amitabh Kant said on Monday. At a roundtable discussion here, Kant said that there is no shortage of global funds for clean energy, but India needs to establish strong financial systems, such as escrow accounts, to attract private investments for renewable projects. He emphasized that it is "very important that India is able to drive its own agenda" amid multiple global crises, including the Russia-Ukraine war, West Asia conflicts, and trade barriers from countries like the US and Europe, which are affecting free trade and renewable energy prices. "And the Indian agenda must be very clear -- we are an importer of fossil fuels worth USD 180 billion, and our goal must be to become an exporter of clean energy... Our objective must be to surpass 500 gigawatts and reach 750 gigawatts of renewable energy," Kant said. India has committed to achieving 500 GW of

There is a need for second-generation IBC reforms, says Amitabh Kant

India's G20 Sherpa called for opening doors to non-sovereign or private players to deploy technology for improved court management

India to drive 20% of global economic growth in next decade: Amitabh Kant

India will be driving 20 per cent of the world's economic growth in the next decade as it continues its march to become the third largest economy globally, according to G20 Sherpa Amitabh Kant. Speaking at the AIMA convention here, he noted that India continues to be the fastest-growing large economy in the world and is the fifth-largest economy. "In the next three years, we will overtake Japan and Germany to be the third largest economy in the world. In a world which is starved for growth, India is an outlier and has emerged as a very resilient powerhouse driving growth," he stated. The country will be driving 20 per cent of the world's economic growth in the next decade, he added. "What we are witnessing today is a once-in-a-generation shift in our economic position. Just a few years back, we were in the fragile five, and from the fragile five, we moved to the top five in a decade," Kant said. He noted that the country needs to transform the lives of people living in rural areas

Appreciate Centre's 'clear stand and focus' towards electric cars: Mercedes

The German firm launched its top-end Maybach EQS 680 SUV, the first electric Maybach car to be launched in India

48% tax on hybrid cars and 5% on EVs to stay for long: Amitabh Kant

Major car makers such as Maruti Suzuki India and Toyota Kirloskar Motor have been asking for lowering of taxes on hybrid cars

India must lead AI revolution, not just participate, says Amitabh Kant

India should not just participate but steer the ongoing AI revolution, and mobilise the powerful technology to bring the nation to the forefront of the global stage, the country's G20 Sherpa Amitabh Kant said on Thursday. "We're truly in a unique moment with the ongoing AI revolution. Its relentless advancing capabilities across the board, its increasing adoption by citizens, and most importantly, its potential to redefine the very fabric of industry and society marks this as a transformative era," the former NITI Aayog CEO said at the Global IndiaAI Summit here. Citing industry body nasscom, Kant said 70 per cent of Indian startups prioritise AI to drive their growth, thus underscoring the critical role of AI in the startup ecosystem. "India proudly holds the position of having the second highest number of GitHub AI projects globally, accounting for 19 per cent of worldwide AI projects. this demonstrates a vibrant and active engagement in AI development on an international scale.

Curriculum of engineering colleges, IITs needs to be restructured: Kant

The curriculum of many engineering colleges and IITs needs to be totally reoriented and restructured to align with the present demand, G20 Sherpa Amitabh Kant said. While speaking at a three-day India Global Innovation Connect (IGIC) 2024 event in Bengaluru, Kant said there is an urgent need to bridge the gap between industry demands and the available talent pool and ramp up the skilled engineers pool in India, particularly in areas where there is a high demand, such as artificial intelligence, machine learning, data science, and cybersecurity. "The curriculum of many of these engineering colleges and our IITs needs to be totally reoriented and restructured to align with the demands of today, to address the supply chain issue. The next five years of the Government will focus on skilling and apprenticeship to create a vast number of new jobs," Kant said on Thursday. He said that India must position itself as the global centre for innovation, which needs to start with a transforming .

Why is India a developing, not developed nation? Amitabh Kant answers

Former Chief Executive of NITI Aayog Amitabh Kant's comments coincide with a recent forecast by global brokerage Jefferies that predicted India's GDP to hit $5 trillion in the next four years

Global future won't be driven by big tech but by India's DPI: Amitabh Kant

India's G-20 sherpa Amitabh Kant on Thursday said the global future will not be driven by big technology firms but by the digital public infrastructure platforms developed locally. Speaking at the 'We Made in India' event here, Kant said India will transfer its digital public infrastructure (DPI) to the rest of the world, and already there are many examples of countries warming up to the same. The DPI consists of the digital identity through Aadhaar, real time payment through the UPI platform and other services like account aggregator, and was showcased to the world during India's presidency of G-20 last year. Kant said during the G-20, the world accepted the definition and framework of the DPI, given the strides that India has made through its strategies. "During G-20, the world accepted the definition of digital public infra, the world accepted the framework of DPI and to our belief, the future will not be driven by big tech, it will be driven by DPI," he said. It can be noted t

We need more large companies to aid India's high growth: Amitabh Kant

Amitabh Kant discusses India's role in G20 and path to becoming a developed nation by 2047 at Business Standard Manthan

BS Manthan: Trade policy in tune with development journey, says Goyal

Top names in polity, economy, diplomacy, business, startups, agri, luxury & sustainability made BS Manthan a star-studded show

Amitabh Kant's growth call: 10K big companies, 10 champion states

The government must take the lead in ensuring Life Insurance Corporation of India invests in startups, says Amitabh Kant

We need to accelerate India's growth at 9-10% over next 3 decades: Kant

Discussing India's anticipated growth, Kant suggested transitioning people from agriculture to manufacturing-led smart cities to create better-quality jobs and foster economic development

End of funding winter? Indian startups set to raise $8-10 billion this year

In 2022, Indian startups raised a total investment of $25 billion. In 2021 the fund raised a new high of $41.4 billion, according to Tracxn

Startups must adhere to self-regulating ecosystem, says Amitabh Kant

Indian startups must adhere to a self-regulating ecosystem to bring in transparency and ethical behaviour, G20 Sherpa Amitabh Kant said on Monday while observing that chasing valuation at all costs sometimes leads to misgovernance. He also said that there should not be any regulatory intervention if India wants to create a vibrant startup movement as government regulation stifles innovation. Speaking at the Startup Mahakumbh event, Kant said India has been able to create the third-largest startup ecosystem in the world, and the challenge for the country is to make it the number one nation of startups in the world in the next five years. "Startups must adhere to a self-regulating ecosystem governance as this will bring in transparency, ethical behaviour in our statup ecosystem," he said. Noting that startups are 'national assets', the former NITI Aayog CEO said they must bring in best practices, and by following these best practices, startups will trust their stakeholders, they will

Startup movement must be driven by domestic financing, says Amitabh Kant

Indian startup movement must be driven by Indian financing and cannot depend on foreign funding, G20 Sherpa Amitabh Kant said on Thursday. While speaking at the CII Unicorn Summit, Kant said the nation needs to create a fund of funds to support young deep tech startups. He said unicorns are national assets to the country. Startups should focus on corporate governance for growth, otherwise, they will land up in a debacle, Kant added. He also said women are outperforming men in every single walk of life, and if India wants to be a USD 35 trillion economy by 2047, it cannot do so without women.

India will not accept unjust carbon emission mandates, says DPIIT secy

India will not accept any unjustified mandate on carbon emissions but will deliver more than the commitment it makes, a senior government official said on Friday. While speaking at the Aavaana-Startup India ClimateTech Challenge event, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said India's mandate is to become net zero by 2070. "We have accepted a stretched-out kind of goal because India believes we are not historically responsible for carbon emissions, even less in per capita terms, but the vision of the Hon'ble PM has always been that we will not accept unjustified mandates but we will deliver much more than we have promised," he said. Singh said India has already built the world's 4th largest renewable energy capacity of 180 gigawatts. "We are well ahead of our SDG (Sustainable Development Goals) goals," he said. He said that as India moves towards a greener future, start-ups will play a very important role through their innova