India's take-off moment is here, says NITI Aayog VC Suman Bery

NITI Aayog's vice-chairman Suman Bery on Wednesday lauded India and said that the time for country's take-off moment has come.

He linked his remark with the advantage of having the world's largest working population and resilient physical and digital institutions. Bery, while speaking at an event, said, India's economy is at a stage where the private sector has to play a more significant role.

The private sector contributes 40 per cent of R&D in the country, while its share in developed countries is 70 per cent, he said.


"This is India's take-off moment... 1/5th of humanity will have rising living standards," PTI quoted him as saying.

He further added, "India is on the move, there is no doubt about it... India has the largest working age population in the world, (and) resilient physical and digital institutions."

Bery pointed at the need to address significant challenges, including managing urbanisation, making regulations consistent and continuous, and adapting to disruptive technologies.

(With inputs from PTI)