During his address to the members of the Confederation of Indian Industry (CII) National Council on July 27, Reserve Bank of India Governor Shaktikanta Das underscored five dynamic shifts in the country’s economy.
Mr. Das, said that these positive shifts in the economy need to be “converted into structural transformations” and lead to “sizeable benefits for economy”. He said that the gap on the infrastructure front remains large and as per the NITI AAYOG estimates, the country needs $4.5 trillion for investment in Infrastructure by 2030.
Adding further, Mr. Das, pointing out at the adverse impacts caused by the Coronavirus pandemic on funding for start-ups, said that the country’s industry will play an important role in what could be known as “silent revolution”.