financetom
Economy
financetom
/
Economy
/
Outgoing NITI Aayog CEO Amitabh Kant bets on tourism as the next big area of growth in India
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Outgoing NITI Aayog CEO Amitabh Kant bets on tourism as the next big area of growth in India
Jun 28, 2022 10:17 AM

Tourism has continued to grow and expand in the country and it is the next big area of growth for India, said Amitabh Kant, the outgoing CEO of government think tank NITI Aayog.

Share Market Live

NSE

"My view always has been that tourism can be a very big creator of jobs, it can create a vast number of services. Tourism can really drive job creation in India and therefore we need to really focus our energy on tourism and culture. Our strong point is heritage so that is a big advantage in the coming days," Kant told CNBC-TV18 in an interview.

Kant, who took over as the NITI Aayog CEO in 2016, will step down from his post at the end of this month. He will be succeeded by Parameswaran Iyer, a 1980 batch retired IAS officer. In his six-year tenure, Kant drove several key policy initiatives aimed at promoting India's industries, manufacturing sector and the startup ecosystem, among others.

Kant has played a pivotal role behind the Modi government's flagship 'Make in India' scheme, the e-mobility program, and lately the production-linked incentive scheme for different sectors.

Also Read:

NITI Aayog bats for gig workers — suggests paid sick leave, insurance, retirement plans for all

Kant said NITI Aayog, which really is the government's think tank, is supposed to do things which are very different from what ministries do. "That is why the NITI Aayog thought of a much larger canvas like the production linked incentives, green hydrogen, Atal Innovation Mission, etc," he said, adding that there have been a range of initiatives, including constantly doing output and outcome-based monitoring of the different ministries," he said.

He said at NITI Aayog, they thought afresh, which is why they looked at areas of manufacturing, advanced chemistry, cell batteries, electric mobility, green steel, gig economy, among others. "The entire digital payment movement was driven from NITI Aayog, post demonetisation and look at how massive it has grown today. So this has been the contribution of NITI Aayog, getting into newer areas of growth, sunrise areas of growth and making transformational changes in India,” he said.

NITI Aayog's job is to bring in constant reform, push for structural changes, push for infrastructure creation, ensure that India becomes a manufacturing nation, and push for both asset monetization and disinvestment, these are critical, Kant said. "But while we continue to do these, NITI Aayog will also focus on improving learning and health outcomes. It will focus on areas of nutrition. It will also focus on aspirational districts," he added.

From a larger perspective of India, growth is important, but so is lifting people above poverty and social equity, he said. "Therefore it is very important that while we look at cutting edge areas of growth, we also look at how to enhance improvements in education, health and nutrition,” Kant said.

Watch video for more

Also Read: Amitabh Kant says govt should focus on public policy framework; wealth creation private sector's job

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ahead Of the G20 Summit in Johannesburg, The African Energy Chamber Calls for Renewed Global Investment in African Oil And Gas to Drive Industrialization, Energy Access and Regional Prosperity
Ahead Of the G20 Summit in Johannesburg, The African Energy Chamber Calls for Renewed Global Investment in African Oil And Gas to Drive Industrialization, Energy Access and Regional Prosperity
Nov 24, 2025
JOHANNESBURG, ZA / ACCESS Newswire / November 24, 2025 / As the G20 convenes in Johannesburg, the African Energy Chamber (AEC) (https://EnergyChamber.org) calls for a fundamental reorientation of global energy policy - one that places African fossil fuels at the center of energy security, industrial growth and poverty alleviation. For too long, policies rooted in ideology have sidelined our continent's...
Economists see slightly faster US growth, sticky inflation in 2026
Economists see slightly faster US growth, sticky inflation in 2026
Nov 24, 2025
WASHINGTON (Reuters) -U.S. economic growth will increase slightly next year but employment gains will remain sluggish and the Federal Reserve will slow any further rate cuts, economists polled by the National Association for Business Economics said in the group's year-end forecast survey. The survey of 42 professional forecasters, conducted from November 3 to 11, found the median outlook was for...
Fed's Waller: December cut is appropriate, but action in January more uncertain given coming data - Fox Business
Fed's Waller: December cut is appropriate, but action in January more uncertain given coming data - Fox Business
Nov 24, 2025
WASHINGTON (Reuters) -Available data indicate the U.S. job market remains weak enough to warrant another quarter-point rate interest rate cut at the U.S. Federal Reserve's December 9-10 meeting, though action beyond that will depend on an upcoming flood of data issued as U.S. statistical agencies catch up with work delayed by the recently ended government shutdown, Fed Governor Christopher Waller...
US Dollar Rises Early Monday to Start Holiday Week
US Dollar Rises Early Monday to Start Holiday Week
Nov 24, 2025
07:58 AM EST, 11/24/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Monday, except for a decline versus the euro, before the start of the condensed holiday week. The addition of delayed federal government data will further complicate the schedule. Monday's schedule starts with the Dallas Federal Reserve's manufacturing index for November at 10:30 am...
Copyright 2023-2025 - www.financetom.com All Rights Reserved