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Patra says EMDEs need to leverage potential of services sector to drive productivity growth
MUMBAI (Reuters) - A multi-pronged approach woven into a comprehensive policy intervention is needed to reignite and sustain productivity growth at emerging and developing economies (EMDEs), a deputy governor at the Reserve Bank of India (RBI) said. | 12:39am
Reserve Bank Deputy Governor M D Patra has pitched for a multi-pronged policy response to reignite and sustain productivity and growth at a time when multiple factors which...
The policy response has to be powered by technological capital deepening, accompanied by long-term investment in research and development to nurture a competitive innovation ecosystem, skill development, and building up the physical infrastructure, he said.
Get latest articles and stories on Latest News at LatestLY. Reserve Bank Deputy Governor M D Patra has pitched for a multi-pronged policy response to reignite and sustain productivity and growth at a time when multiple factors which can influence the economy are at work. Latest News | Multi-pronged Policy Response Needed to Reignite, Sustain Growth: RBI Dy Guv M D Patra.