New Delhi: Governor of the Bank of India (RBI) reserve on Wednesday highlighted the need for higher investment in the health and infrastructure sectors to ensure sustainable growth in the post-pandemic world.
Overcoming the National Management Convention 48 AIMA, the Governor of RBI said that investment in health education, digital and physical infrastructure is very important to ensure sustainable growth and produce employment opportunities.
“Our efforts must ensure long-lasting and sustainable growth in the future postpartum.
Sustainable growth must require micro fundamentals through medium-term investment, good financial systems and structural reforms,” said the watershed.
Emphasizing the need to focus on labor and market reform, the Governor of RBI noted that the Covid-19 pandemic has influenced the poor and vulnerable more in developing countries.
He said that global recovery was uneven in all countries and sectors.
“The developed economy has been normalized faster behind with higher vaccination speeds and greater policy support.
Emerging and developing countries left behind due to slow access to vaccines and boundaries that bind on policy support,” Das added.
In addition, the Governor of RBI also said that the world witnessed the early signs of recovery from the impact of the pandemic.
“Covid-19 is an event of a river area in our era.
It has caused the destruction of life and widespread livelihoods.
There is very little parallel with this surprise,” he said.
In India, he said, Covid-19 has had an impact on many dynamic economic sectors and encouraged them to choose the adoption of larger new digital technology.
“Pandemic Covid has provided a new boost to companies driven by technology such as Fintech, Edtech and Healthtech which tend to see increased funding activities in the coming years,” said Das.
At the same time, the Indian financial system has changed rapidly to support economic needs, “he added added that recovery was uneven among various sectors.
Need to increase investment in health care, infra: RBI Guv
