The World Bank's ease of doing business ranking, released earlier, reviewed 190 countries
The 5G technology will increase data flow and make people's life easier, he said.
'The government is active, the fundamentals of Indian economy is intact and we will continue to do whatever it required to take India back to high trajectory growth rate,' Kant said.
The report identifies three interconnected sectors – sugar, alcoholic beverages, and tourism. The three specific sectors were chosen as all the three sectors are co-dependent
He further said that India needs to be open to globalisation, and embrace the growing urbanisation.
Kant added that he is seeing "political and administrative will" with regard to asset monetisation and strategic sales.
At a meeting of the manufacturers and start-up electric vehicle (EV) makers called by Niti Aayog on June 21, the industry was cautioned that if they do not take steps to address pollution issues, courts will step in.
Circular economy implies reusing waste back into the production cycle to produce new products and uses instead of wasting such materials with embedded resources.
Speaking on the sidelines of a PHD Chambers of Commerce event, Kant said that when non-NDA ruled states like Karnataka and West Bengal are claiming that jobs are being created, then it was not possible that at all India level, employment is not being generated.
Amidst a rash of announcements over income support schemes, the bureaucrat also stressed on the need to ensuring higher growth to fund such dole-outs.
Kant also stressed on scrapping Agriculture Produce Marketing Committee and some old laws like Essential Commodites Act, which restrict movement of farm produces.
Rometty said the program is not about conducting technical training session, but to focus on basics of critical thinking, life skills, among others.
Kant also stressed upon the importance of going digital. According to him retailers must embrace going digital as it is the only way forward for the trading community of such a diverse and growing country.
According to Kant, India is currently growing at over 7 per cent and if the country has to grow at 9 per cent, then e-commerce market will have to play a major role.
"We need to get our taxes down and stop shipping planes outsides for maintenance," said Ajay Singh of SpiceJet.
'The challenge in India is very different to the Western world. We believe AI is going to transform the life of human beings,' Kant said here at the World Economic Forum Annual Meeting.
Kant also noted that the private sector will play a major role in pushing the country's economy towards the ambitious $5-trillion target.
He also made case for phasing out more than 25 year old coal based thermal power plants, creating of open access power market, commercial coal mining and promoting renewables.
Kant further stated that 30 per cent of urban and 70 per cent of rural water comes from groundwater, which is depleting rapidly.
Kant said India, which has jumped 23 places to the 77th position in the 'ease of doing business' ranking released Wednesday, can reach top 50 in the ranking next year.
Kant further said that there is an urgent need to restructure entire existing public private partnership (PPP) framework as there are delays in completion of infrastructure projects due to disputes.
Speaking at the The Economist India Summit here, Kant also highlighted the need for establishing commercial courts in the lower courts for expediting the process.
Kant, at an event organised by Ficci, said that at present 76 percent of all vehicles sold are 2-wheelers, which consumed 64 percent of fuel and accounted for 30 percent of pollution, while 3-wheelers caused 5 percent of pollution.
We are not looking at mass tourism that will burden the environment, sustainable development is the goal," Kant added. The Niti Aayog CEO said key approvals will be provided upfront to reduce risk for investors involved.
Kant said it is achievable by digital farming and connected farm services which can increase farmers' income.