{"id":756,"date":"2024-08-08T16:25:48","date_gmt":"2024-08-08T16:25:48","guid":{"rendered":"https:\/\/janbharatsamachar.com\/?p=756"},"modified":"2024-08-31T09:59:24","modified_gmt":"2024-08-31T09:59:24","slug":"india-to-be-a-high-income-nation-by-2050-member-niti-aayog","status":"publish","type":"post","link":"https:\/\/janbharatsamachar.com\/?p=756","title":{"rendered":"\u201cIndia to be a high-income nation by 2050\u201d: Member, NITI Aayog"},"content":{"rendered":"

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Ministry of Commerce & Industry<\/div>\n
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\u201cIndia to be a high-income nation by 2050\u201d: Member, NITI Aayog<\/h2>\n

\u201cStates must address gaps in education and skilling\u201d: Member, NITI Aayog Dr Arvind Virmani<\/h3>\n

Fifth CII Global Trade Scenario Conference 2024 in Mumbai Focuses on Adapting to Disruption: Resilience, Sustainability, and Innovation<\/p>\n<\/div>\n

Posted On: 08 AUG 2024 4:32PM by PIB Mumbai<\/div>\n
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Mumbai, 8th August 2024<\/p>\n

The Confederation of Indian Industry (CII) hosted the Fifth Global Trade Scenario Conference in Mumbai today, 8th August 2024. The fifth edition was themed \u2018Adapting to Disruption: Resilience, Sustainability, and Innovation,\u2019 which in the face of unprecedented global trade challenges, aimed to foster dialogue among key stakeholders.<\/p>\n

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\u201cDemographic dividend, unbundling of services, fragmentation, and demonopolisation of exports will drive trade and help India\u2019s transition to upper middle income country by 2030,\u201d Member, NITI Aayog, Dr. Arvind Virmani mentioned during his keynote address. He spoke about India\u2019s growth prospects amid global trade disruptions. Dr. Virmani highlighted a notable shift in the global growth landscape. \u201cGetting anchor investors into every state will drive FDI,\u201d he added.<\/p>\n

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Dr. Virmani shared his views on several macro-economic indicators concerning India. He said that considering his projection of a 5.4% average growth, India will become an upper middle-income nation by early 2030s and a high-income nation by 2050. He also stressed on the importance for India to upgrade its urban infrastructure including drinking water, sanitisation and drainage to match the standards commensurate with these income levels going forward.<\/p>\n

While talking about employment, Dr Virmani stated that India\u2019s worker population ratio is rising and that the number of employees is growing faster than the growth rate in population. According to Dr Virmani, among the three categories of workers viz. casual workers, salaried workers and self-employed, the first category saw the fastest rise in wages, whereas the second category is not seeing much increase. He said that there is an urgent need to address gaps in education and skilling and advised states to focus on the same.<\/p>\n

\u201cJob and skilling are two sides of the same coin,\u201d Dr. Virmani underscored the critical link between job creation and skill acquisition. He asserted that job creation and skilling are intrinsically connected, with initiatives like NIPUN – National Initiative for Proficiency in Reading with Understanding and Numeracy, and DIKSHA – Digital Infrastructure for Knowledge Sharing schemes the government focuses greatly on skilling which is vital for the economy. However, he stressed that while the government can seed these programs, private sector participation and NGO involvement are essential to bridging the skills gap and ensuring successful outcomes.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ministry of Commerce & Industry \u201cIndia to be a high-income nation by 2050\u201d: Member, NITI Aayog \u201cStates must address gaps in education and skilling\u201d: Member, NITI Aayog Dr Arvind Virmani Fifth CII Global Trade Scenario Conference 2024 in Mumbai Focuses on Adapting to Disruption: Resilience, Sustainability, and Innovation Posted On: 08 AUG 2024 4:32PM by …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow463GDA:productID":"","footnotes":""},"categories":[93],"tags":[],"class_list":["post-756","post","type-post","status-publish","format-standard","hentry","category-english"],"aioseo_notices":[],"yoast_head":"\n\u201cIndia to be a high-income nation by 2050\u201d: Member, NITI Aayog - Jan Bharat Samachar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/janbharatsamachar.com\/?p=756\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cIndia to be a high-income nation by 2050\u201d: Member, NITI Aayog - 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