India ready to move into the next orbit of growth: SBI Chairman

India Pavilion at Expo 2020 presenting the real India to the whole world

By Staff Report

Published: Sat 6 Nov 2021, 7:02 PM

State Bank of India (SBI) chairman Dinesh Kumar Khara on Saturday said that India is ready to move into the next orbit of growth with the hugely successful implementation of the Covid vaccination program.

The SBI chairman visited the India Pavilion at EXPO 2020 Dubai and said that the pavilion is presenting the real India, which is full of opportunities, to the whole world in an impressive manner.

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Khara said that the kind of vaccine drive India has seen, makes all the Indians proud, especially because we are using the domestically produced vaccine in a big way. “Actually, it has enhanced the confidence level of the common man as well as the economy,” he added.

The SBI chairman said that the country has lived through one of the most challenging times and has come out of it in a very successful manner that gives the confidence that going forward, the journey should be rather easy, and we should be having a huge opportunity for growth opportunity in the country which I am sure will go a long way in terms of meeting the common man’s aspirations.

“The credit growth in the economy was quite muted for almost two years. I am sure now with this confidence, the capacity utilization will improve, and with the capacity utilisation improving, there will be a revival of investment demand for the corporate sector,” said Khara.

“The government has done a wonderful job by continuing its focus on infrastructure investment, which has gone a long way in terms of giving a push to the core sectors of the economy. And with private corporate sectors coming with the investment, the economy will certainly move to the next orbit of development,” he added.

— business@khaleejtimes.com