Public, pvt sector need to think out of box to seize global opportunities: PM

New Delhi: Prime Minister Narendra Modi on Friday said that both public and private sectors need to leverage synergies and think out of the box to seize opportunities arising as a result of the emerging global environment. While interacting with noted economists and experts at NITI Aayog ahead of the Union Budget, the Prime Minister also applauded the success of the Digital India and the rapid adoption of fintech across the country, said an official statement.

'Due to its resilience, India has emerged as a bright spot on the turbulent global stage'

"During the meeting, economists offered suggestions on ways in which India can sustain its development momentum," it added. They said that due to its resilience, India has emerged as a bright spot on the turbulent global stage. Union Finance Minister Nirmala Sitharaman and senior government functionaries were present at the interaction. "Niti Aayog Vice-Chairman Suman Bery and other members were also present," said sources. Economists who participated in the meeting included Shankar Acharya, Ashok Gulati, and Shamika Ravi.

PM Modi to launch recruitment drive for 10 lakh people

'Both public and private sectors need to leverage synergies and think out of the box'

In his remarks, Modi noted that while there were risks, the emerging global environment offers new and diverse opportunities in areas such as digitisation, energy, health care and agriculture. "To seize these opportunities, both public and private sectors need to leverage synergies and think out of the box," he said.

The Prime Minister applauded the success of the India Digital story and the rapid adoption of fintech across the country, and the potential for inclusive growth and development it promises. He also underscored Nari Shakti as a key driver of India's growth and urged to continue making efforts to further enable and boost women's participation in the workforce.

Recognising that the underlying global headwinds are likely to continue, strategic recommendations were also shared for further strengthening India's resilience. "There was agreement that due to its resilience, India has emerged as a bright spot on the turbulent global stage," said PM.

It was suggested that new growth impulses would need to build upon this foundation through holistic development across all sectors.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)