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MSME sector needs to be encouraged to counter unemployment: Home Minister Amit Shah

MSME sector needs to be encouraged to counter unemployment: Home Minister Amit Shah

 While addressing FICCI's Annual Convention & 94th Annual General Meeting last week, Union Minister Amit Shah encouraged the strengthening of the MSME sector is important for addressing the issue of unemployment in the country.

"We are reaching the pre-COVID levels. July to September GDP number has been at 8.4 per cent and I think in the year 2021-22, India is likely to become the fastest growing economy in the world. I will not be surprised if we touch double-digit growth,” added Shah.

He pointed this event was taking place at an important juncture as on the one hand, the world is slowly coming out of COVID, and on the other hand, India is celebrating Azadi ka Amrti Mahostav, as published in Hindustan Times.

It is time that FICCI comes forward and increase its role in India's growth along with exploring new areas of opportunities, he said.

Uday Shankar, President, FICCI said that the all-around development initiatives of the government are transforming India and each step is bringing us closer to AtmaNirbhar Bharat.

"Harnessing technology for greater transparency, improved competitiveness, and enhanced efficiency has been the hallmark of multiple reforms we have seen over the last seven years," he added.

Sanjiv Mehta, President-Elect, FICCI said that this epidemic has accelerated the nation's digital journey and provided the much-needed impetus. "We should protect privacy but we should free data as a national asset," he added.