Living standards to see steepest rise in coming decades: FM

The upcoming decades will see the steepest rise in living standards for the common man, making it a period-defining era for an Indian to live in, Finance Minister Nirmala Sitharaman said on Friday.

- RUCHIKA CHITRAVANSHI

Addressing the third edition of the Kautilya Economic Conclave, the minister said the youth, rise in consumption, and innovation are the forces that will shape the Indian era.

In her inaugural address, the FM said the effects of the past decade of economic and structural reforms would manifest more thoroughly in the coming years, as the Covid shock fades from the economy.

“It took us 75 years to reach a per capita income of $2,730. According to International Monetary Fund (IMF) projections, it will take only five years to add another $2,000.”