India To Be Most Distinctive In Technology-Led Growth: CEA Krishnamurthy Subramanian

CEA Krishnamurthy Subramanian has said that India would be most distinctive from the rest of the world in terms of technology-led growth.

New Delhi: Chief Economic Adviser (CEA) Krishnamurthy Subramanian has said that India would be most distinctive and different from the rest of the world in terms of technology-led growth.

In his address at the Global Fintech Fest on Thursday, Mr Subramanian stated that the Centre is creating digital infrastructure as a public good which will integrate more people into the formal sector.

He also said that the benefits of the technology can be utilized by financial services sector and labour markets.

The Chief Economic Adviser emphasized on the need to invest and use data-intensive modelling among banks and financial institutions, not just for retail lending but also to widen the scope to include SME (small and medium enterprise) lending, corporate lending and large ticket lending.