Manufacturing sector is spearheading growth recovery: RBI Governor

New Delhi, February 25
RBI Governor ShaktiKanta Das on Thursday spoke on the manufacturing sector. “The manufacturing sector is spearheading the growth recovery as many contact intensive services sub-sectors are severely affected by the crisis. The initiatives by the Government under the Aatma Nirbhar Bharat Abhiyaan and Union Budget 2021-22 towards developing a vibrant manufacturing sector and infrastructure acknowledges the strong linkages they have with the rest of the sectors. The Production Linked Incentive (PLI) Scheme aims to make India an integral part of the global value chain. This, along with reforms in labour market, can go a long way in propelling growth to an elevated trajectory for the manufacturing sector and reap its employment potential”, says RBI Governor Shaktikanta Das.
(Story sourced through agencies)