Economic growth needs to be sustainable and inclusive: B.H. Nagoor

Economist and professor B.H. Nagoor has emphasized the need for India's economic growth to be sustainable, productive, and inclusive. In his Prof. C.B. Tigadi Memorial Lecture, Nagoor highlighted India's remarkable transformation since Independence, from an agrarian, low-income economy to one of the world's fastest-growing economies.

He outlined key milestones in India's economic reforms, such as the liberalization of 1991, the Green Revolution, the IT boom, globalisation, and digital transformation. However, Nagoor stressed that sustaining this momentum requires addressing challenges such as job creation, low productivity, and unequal access to prosperity. He called for a sharper focus on manufacturing, agricultural modernisation, human capital, entrepreneurship, research, and innovation.

Nagoor also highlighted the importance of upgrading skills in Artificial Intelligence and the role of citizens and professionals in driving India's goal of becoming a developed economy by 2047.

Brief written by urgent.news from The Hindu's own syndicated text. Machine-written — may contain errors; check the original before relying on it.