India Needs Flexible Economic Policies to Foster Growth: Nitin Gadkari

Ahead of the Union Budget, Road Transport and Highways Minister Nitin Gadkari emphasized the need for India to adopt flexible economic policies and a socio-economic model to spur job creation and reduce economic disparity. Speaking at the launch of Girish Kuber's book 'Made in China,' Gadkari highlighted the changing economic landscape in China post-pandemic and stressed the need for India's economic policies to focus on removing poverty, attracting investments, and creating employment.

Days ahead of the Union Budget, Road Transport and Highways Minister Nitin Gadkari emphasized the importance of adaptable economic policies for India's growth. Speaking at the launch of 'Made in China,' a Marathi book by Loksatta editor Girish Kuber, Gadkari underscored the need for a socio-economic model that could foster job creation and reduce disparity.

Gadkari noted the shifting economic conditions in China, where many countries were hesitant to conduct business due to the post-COVID-19 recession-like scenario. He advocated for an economic approach prioritizing employment, poverty alleviation, and reduced disparity.

Recalling his interaction with the Chinese president, Gadkari stressed the importance of a flexible mindset in economic policies to attract investments, boost exports, and enhance rural development. He concluded that India must focus on quality and cost-effective production to compete globally, especially in technology and the automobile sector.

(With inputs from agencies.)