You are here: Home » News-IANS » Business-Economy
Business Standard

Exports should be at centre of economic activity: NITI Aayog

Topics
Business Finance

IANS  |  New Delhi 

NITI Aayog Vice Chairman Rajiv Kumar on Tuesday said the government and the private sector should work together with an aim to bring exports to the centre-point of economic activity to take advantage of external demand conditions.

"The low share of our goods and services exports is a matter of concern. We need to improve our skill set and human capital as well as take cognisance of external demand conditions," Kumar said at a meeting of the CII Economic Affairs Council here.

"...considering our low per capita income, we should consider our country as small economy on the world stage rather than as the sixth-largest economy ready to take on the world," he said.

Kumar added the falling rupee is not a cause of worry as it is getting back to its natural value. Besides, there is nothing much that the government should do to stem the fall of the rupee as the move would adversely impact growth, he said.

"Hence, the prevailing environment should be leveraged to push exports and foreign capital inflows. We also need to revisit safeguards and anti-dumping duties to boost export growth and set targets to improve our export share," he stated.

--IANS

mgu/nir

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, August 22 2018. 00:46 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU