In the post-pandemic India, the priority of the government was to bring the economic back on track, Finance Minister Nirmala Sitharaman said, while speaking at Global Economic Policy Summit 2021 on Wednesday. The event was hosted by the Confederation of Indian Industry (CII). 

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Exhorting India Inc to take more risks the FM said, “I want India Inc to be a lot more risk taking, build capacity and understand what India is looking for. We want the Indian Industry to come forward and expand.”. 

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Sitharaman, who also holds a portfolio as a Minister for Corporate Affairs, also highlighted on the consumption situation adding that the festive season witnessed significant buying trends from the Indian consumers on the back of higher demand. 

She said that it can be attribute to “revenge shopping” but the government was closely watching the demand and sale situation, adding that people saw money getting back into their pockets.  

She further added that auto sector could have witnessed record sales had the industry not got disrupted by semiconductor and container shortages.  

On the infrastructure front, the spending has gone up by almost 34 per cent this year while the health infrastructure spending has seen a spike of 134 per cent. 

She also said that India has also been able to increase its skill value.

Among other things, she said that penetration of Bharatnet in rural parts of the country has been going at great speed. 

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She also praised the vaccination drive undertaken in the country saying that the world was amazed at India’s feat.