Public, private sectors need to leverage synergy and think out-of-the-box, says PM Modi

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Prime Minister Narendra Modi on Friday called for outside-the-box thinking by both the public and private sectors to mitigate risks and seize opportunities globally.

Modi had an interaction with economists at NITI Aayog. The meeting, whose theme was “India’s Growth and Resilience Amid Global Headwinds”, was called for budget proposals. The federation’s budget for fiscal year 24 is expected to be presented on February 1.

According to a statement issued after the meeting, the prime minister indicated that although there are risks, the emerging global environment offers new and diverse opportunities in areas such as digitization, energy, healthcare and agriculture. The statement was quoted by the Prime Minister

digital story

Modi praised the success of the digital India story and the rapid adoption of financial technology across the country, and the potential for inclusive growth and development that it promises. He emphasized Nari Shakti as a key driver of India’s growth and urged continued efforts to further empower and enhance women’s participation in the workforce.

In the current International Year of Millet, the Prime Minister highlighted the need to promote millet in light of its potential to transform the rural and agricultural sector, with attributes such as being carbon neutral, conducive to natural farming, and an affordable source of nutrition.

Participants in the meeting offered practical measures on ways by which India can wisely maintain its development momentum. Ideas and suggestions were exchanged with the Prime Minister on various topics ranging from agriculture to manufacturing. Realizing that the underlying global headwinds are likely to continue, strategic recommendations were also shared to further strengthen India’s resilience. There was agreement that because of its resilience, India had emerged as a bright spot on the turbulent world stage. He suggested that new drivers of growth will need to build on this foundation through comprehensive development across all sectors.

Finance Minister Nirmala Sitharaman, Minister of State for Planning (I/C) attended the meeting. Rao Anderjeet Singh And NITI Aayog Deputy Chairman, Suman Berry, and Principal Secretary to the Prime Minister, PK Misra Beside NITI Aayog members, Cabinet Secretary, Chief Economic Adviser and Executive Director, NITI Aayog.