Key Points
Elaborating on the four Is, the Minister said investment is essential to spur infrastructure development, which has a potential to generate jobs..
The third I is for innovation, she said adding innovative solutions from startups are required to deal with issues facing the countries.AgenciesThe.
Minister further said that there was a need to focus on labour intensive industries and provide skill development.. Finance Minister Nirmala Sitharaman on Wednesday underlined the need for focussing on four Is -- infrastructure, investment, innovation and inclusivity -- to achieve sustainable growth in the long-term..
The global economy in the past few years has faced trials and tribulations, she said, adding countries have made efforts to protect the vulnerable section of the society at the cost of higher government borrowing...
Speaking at the Asian Development Bank (ADB) Governor's seminar on 'Policies to Support Asia's Rebound', Sitharaman stressed that there is also a need to involve the private sector to step up investment and innovation...
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