The record
Written from the 1 report below. Nothing here is unsourced.
- PK Mishra addressed the 13th SBI Banking and Economics Conclave to discuss India's economic growth strategy.
- He highlighted the need for stronger financial institutions, a shift toward innovation-led growth, and increased reliance on cash flow rather than collateral for business lending.
- He emphasized that building resilience and credibility requires consistent policies and sound institutions.
- This transformation is intended to support India's goal of becoming a major production and innovation hub by 2047.
What to watch next
- Development of deeper corporate bond and equity markets in India
- Implementation of design and innovation-led growth policies
- Management of risks arising from global trade barriers and artificial intelligence
Who said what3
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PK Mishra
Principal secretary to Prime Minister
3 quotes · 1 outlet
“The financial system must now increasingly move from accommodating growth to enabling growth,”
In the article
…enterprise. Mishra also highlighted the expansion of India's digital public infrastructure, from Jan Dhan-Aadhaar-Mobile and Direct Benefit Transfer to UPI, Account Aggregator and digital lending infrastructure. “ The financial system must now increasingly move from accommodating growth to enabling growth, ” he said, according to the statement. He said these digital systems could significantly expand access to credit and enable financial institutions to assess businesses using GST returns, bank statements, payment flows…
“India must move from Make in India to Design in India, Innovate in India and Lead from India,”
In the article
…becoming a major production and innovation hub. He called for greater domestic value addition, stronger component ecosystems, design capabilities, intellectual property creation and globally competitive Indian brands. “ India must move from Make in India to Design in India, Innovate in India and Lead from India, ” he said. Mishra also highlighted the potential of GIFT-IFSC, wider settlement of international trade in rupees and Indian digital payment platforms in supporting the country's growing global economic engagement. Also…
Coverage1
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Named India · Government of India · Mumbai · PK Mishra · State Bank of India
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