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Clear Policies By States Would Help Scale Up Investment-led Growth: Assocham

BW Online Bureau Aug 15, 2024

The chamber states that the reiteration of India's goal for sustainable economic growth provides an impetus to the goal of 500 gigawatts of renewable energy capacity by 2030

In order to scale up the investment-led growth in the country, the initiative to rope in states to establish clear policies to attract investments would be a double-down approach, as per the Secretary General of the Associated Chambers of Commerce and Industry of India (Assocham) Deepak Sood. The chamber said that India Inc would be an active partner in the national resolve to make India a developed nation by 2047 when we celebrate 100 years of Independence Day

Sharing the optimism of Prime Minister Narendra Modi in his Independence Day address, the chamber said that the reiteration of India's goal for sustainable economic growth provides an impetus to the goal of 500 gigawatts of renewable energy capacity by 2030.

As per the chamber, the importance of green jobs in India's efforts to combat climate change is also a directional change that would make environmental protection a national priority.

In his congratulatory message, the chamber secretary general said, ‘’ It is reassuring to see the Prime Minister conveying his resolve to make lives easier for the people of India. Stress on minimum government interference, reforms in governance would help the nation leverage the innate strength of our people, particularly the youth who form the majority of the human resource’’.

“The Prime Minister has a great ability to connect with the people of the country. His address from the ramparts of Red Fort would reinforce the enthusiasm of 140 crore Indians to work together and realise the national objectives of achieving excellence with the help of technology and innovation in agriculture, manufacturing, health services and education to make our country Atmanirbhar (Self-dependent) across different sectors of the economy”, said Deepak Sood, Secretary General, Assocham.

The Independence Day address has emphasised scaling up India’s health services. The introduction of 75,000 new medical seats, as stated by the PM, reflects the government’s commitment towards making Swasth Bharat (Healthy India) along with Viksit Bharat (developed India), the chamber said.