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Vice-chairman of Niti Aayog Rajiv Kumar has said that the private sector of the country will have to drive growth and not the public enterprises as they used to be. Kumar said that the private sector also needs to create trust with the government, which is the need of the hour.

He mentioned ‘the private sector of the country has to be the key driver of growth. Earlier, the public sector used to drive the growth engine, but not now.’ He said that India needs to speed up growth rates to at least eight per cent to address the issues of reduction of poverty, improving the healthcare system and increasing the reach of education. The growth process has to be equitable and sustainable.

He said that in 1990, the per capita income of China was the same as that of India. Now, China's per capita income is five times more than that of India. Besides, he stated to register higher growth rates, investments have to be increased as a percentage of GDP and India needs to gain a higher share in the global exports.