Amitabh Kant opens up on crypto ban, Tesla entry and why pvt sector should run economy

It is important to drive private sector investment as there is a huge amount of scope for the private sector to enhance capacity utilisation, Amitabh Kant said.

NITI Aayog CEO Amitabh Kant on Monday said growth of India's economy will be heavily dependent on private sector investment and infrastructure development. Kant has also spoken on the relevance of Crypto and the issue of the entry of American electric vehicle manufacturer Tesla.

The CEO, NITI Aayog was speaking at India Today Budget Roundtable 2022 on "Progress towards A $5 Trillion Economy."

PRIVATE SECTOR MUST DRIVE INDIAN ECONOMY

It is important to drive private sector investment as there is a huge amount of scope for the private sector to enhance capacity utilisation, Amitabh Kant said.

"Indian economy in the long run, if it has to grow at high rates of 9 per cent to 10 per cent per annum year after year for three decades, it has to grow on the back of the private sector," Amitabh Kant said.

In Budget 2022, the government aims to crowd in private investment, Kant said, adding, "the private sector must come in to drive the economy."

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