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District development-led growth needed: Indian minister

24
May '19
District development-led growth needed: Indian minister
Strategic investments based on a clear sector-wise analysis will further strengthen India's economic growth, according to commerce minister Suresh Prabhu, who recently told a 'Policy Round Table' organised by the Confederation of Indian Industry (CII) in Mumbai that district development-led growth should be emphasised to drive inclusivity in the society.

"At a time when the global economy is reeling under uncertainty due to the ongoing trade war between the US and China, India has seen its exports grow and will benefit further due to this," a statement said quoting the minister.

Experts from the financial sector said India has emerged as the investment market of choice for the world's largest pension funds and sovereign wealth funds, according to a news agency report.

The need for a revised tax benefit in the manufacturing industry was also discussed to encourage channelised re-investments in India which will further strengthen sustainable investment opportunities. (DS)

Fibre2Fashion News Desk – India


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