Kant wants youth to be increasingly involved in decision making process
Raising investment levels will be crucial to India’s growth story in the future, said NITI Aayog CEO Amitabh Kant, while emphasising that India has an opportunity to usher in change that will see the society transform within a generation.
“Innovation, rising competitiveness and generating employment are the key instruments to growth that are unlocked through higher investments by the private sector,” he said at the virtual launch of ‘FICCI Young Leaders Forum – Maharashtra Chapter’ on 3 June 2021.
“In shaping a post-COVID reality, there is no way out for India but growth. We have seen economies in East and South East Asia transform themselves within a generation through ushering in reforms and policies to promote private sector led growth and investment,” he elaborated.
Underlining that India is a young country, he stressed the importance of the youth get increasingly involved in the decision-making process. “It is the young leaders who will drive change in India.”
The six themes (leadership and governance; economic and social governance; climate change and sustainability; collaboration; mental health and wellness; inclusiveness and diversity and finance) identified are critical in evolving a new post-COVID world.
“We have learnt many lessons from this pandemic that has reshaped the way businesses and government function along with the way people live.
“As our economy has evolved since 1991, the private sector has driven the growth more than the public sector. While the government plays the role of a facilitator, it is the private sector that will have to drive cost efficiencies converged to global quality levels of goods and services along with achieving competitiveness in global market,” he emphasized.
Kant called for leveraging the use of technologies as another key aspect that young leaders must consider, adding that many government schemes are transformed using technology.
There has been a profound transformation in the delivery of government schemes and benefits ushering in an era of transparency and accuracy through a very concerted effort towards digitalization.
“Placing sustainability at the core of our efforts is the need of the hour. With climate change upon us, it is our collective responsibility to devise an adaptation and mitigation strategy.
“Forums like FICCI Young Leaders are crucial in nation building process going ahead,” he pointed out.
Ajay Piramal, Chairman, Piramal Group, added that the future is truly for the young people to shape. “Today, capital is no longer a barrier to entry. Innovation is so much more important today than it was ever before. Industry must keep customer in the center of business and design business around the customer along with the changing needs.”
Rishabh Shroff, Chair, FICCI Young Leaders Forum Maharashtra Chapter & Partner and Co-Head, Private Client Practice, Cyril Amarchand Mangaldas, highlighted the potential opportunities in Maharashtra. “With excellent governance and right leadership, we can help transform babycorns into unicorns through the Maharashtra Chapter.”
“FICCI Young Leaders Forum is committed in developing, inspiring and motivating the youth of our country in such a way that they can participate pro-actively in all the efforts meant to provide growth to the society,” added Shashwat Goenka, Chair, FICCI Young Leaders Forum & Sector Head- Retail & FMCG, RP-Sanjiv Goenka Group. #investment #technology #youth #economy /fiinews.com
