Kant also expressed hope that the Atal Innovation Mission, through the ARISE-Atal New India Challenges, will help in breaking new ground and this will be a path-breaking approach for driving India in the field of innovation.
Attracting investments has more to do with central measures and ground realities in states than just willingness to reform
Earlier, Kirill Dmitriev, the head of the Russian Direct Investment Fund, confirmed that the phase-III clinical trials of the Sputnik V COVID-19 vaccine will begin in India in September.
Speaking at the launch of the report Niti Aayog CEO Amitabh Kant said rapid growth of exports is a crucial component for long-term economic growth.
The NITI Aayog has recommended increasing FAME II subsidy and extending the current timeline of one year to boost demand for electric vehicles.
The ILO says around 40 crore workers in India's informal sector are at risk of falling further into poverty due to the economic fallout of the COVID-19 pandemic.
The meeting was chaired by Niti Aayog member V K Paul and co-chaired by Union Health Secretary Rajesh Bhushan.
Participating in a panel discussion on 'Inspiring Women Changemakers: The Power of Communication, Storytelling and Advocacy', Kant further said that India has some great examples of women who have carved a space for themselves.
Kant further said that almost 90 percent plus of the $22 billion foreign direct investment in India during the pandemic came through the automatic route.
In a letter to NITI Aayog Vice Chairman Rajiv Kumar, CII National Committee on Mining President Sunil Duggal said, "Under these times of economic stress, where the government is under pressure to spur growth, the mineral and resources sector could be a potential driver of high growth capable of contributing 8 percent of GDP by 2025-taking India on a path towards $5 trillion economy."
The economic effects of AI also include indirect effects on productivity, the Indian Council for Research on International Economic Relations (ICRIER) said in the report titled 'Implications of AI on the Indian Economy'.
Kant said India is working to boost the biotechnology sector under the flagship programmes like 'Make in India' and 'Startup India'.
Niti Aayog has laid out an asset monetisation plan worth about Rs 1 lakh crore for the current fiscal, Finance Ministry Additional Secretary K Rajaraman said at a virtual session organised by industry body FICCI.
Muhammad Yunus could work with the Niti Aayog to frame a proposal for making funds more accessible to the poor
Speaking at a webinar organised by the Council on Energy Environment and Water (CEEW), Kant said India offers an exciting long-term market for both domestic and international investors in clean energy space.
Till date, only 11 percent of the country, which accounts for 19 percent of the population, is covered by gas infrastructure
Addressing the special event on the Sustainable Development Goals (SDG) Acceleration Actions on the margins of 2020 High-Level Political Forum on Tuesday, Amitabh Kant said collective action through international cooperation is more relevant and important than ever before in these truly unprecedented times.
According to an advertisement posted on NITI Aayog's twitter handle, the post could be either filled through a contract or deputation and the chief economist will receive an affixed pay of Rs 3,30,000.
Kumar was speaking at the virtual launch of a report titled - Towards a Clean Energy Economy: Post-COVID-19 Opportunities in India's Energy and Mobility Sectors - prepared by government think tank Niti Aayog and Rocky Mountain Institute (RMI).
Amitabh Kant made the remarks during the virtual launch of the 'Decarbonising Transport in Emerging Economies (DTEE)' project in India.
The Niti Aayog vice chairman noted that the government is working on saving lives and livelihoods.
The goal is to develop a platform that can help blue-collar workers find job opportunities in their own language and location, an industry source said.
"Vernacular is the way forward. Financial integration efforts will need to localise their offerings and allow for dialects and languages as opposed to delivering services only in English," Kant said while addressing a virtual summit organised by industry body CII.
Speaking at a virtual conference of ventilator manufacturers and startups to discuss pathways for supporting indigenous manufacturing of ventilators, Kant said local makers supplied 60,000 ventilators in three months.
COVID-19 pandemic has forced a shift towards solutions that minimise contact and can be activated through technology, including for the resolution of disputes, he said in a webinar on "Catylizing Online Dispute Resolution (ODR) for Justice Delivery".