As per the media reports today Finance minister, Government of India, Nirmala Sitharaman address at the opening plenary session at CII annual business summit 2024. While addressing at the event she said that-The CII Annual Business Summit has always been a forum which had critical thinking and laid a path towards the next few years. It is an occasion, when CII lays before the nation, an approach to working together with the govt and making sure that globally, industry partnership takes a clear cut route so that the global challenges are faced with a greater understanding and the national opportunities that exist are also fully leveraged.
FM Nirmala Sitharaman further said that- India’s story is a compelling growth story for several reasons. The IMF estimates that India’s contribution to global growth for 5 years, beginning in 2023, will be 18%. Between 2023-28, we are looking at an India that is going to be actually very dynamic. The PLI scheme is transforming the mobile & electronics sector. From 78% import dependency in 2014, today 99% of mobiles sold in India are Made in India. Value addition in electronics and smart phone manufacturing too have grown significantly.
She said that- The Government looks at the private sector as a significant partner in developing India, as we set 2047 as the year by which India should become a developed country. We see a very big role for the private sector and we would like to partner with them in this development, where the Government can act as a facilitator and an enabler.
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