“If we set the output per worker in agriculture equal to 1, then output per worker in industry is 5 and that in services 3.8. In other words, even at the current productivity levels in each sector, moving one percentage-point workers out of agriculture into industry can increase the GDP by 1.5 per cent,” Panagariya said.
“Growth, job creation, shift to non-farm jobs and large firms with high productivity needed to build strong states and a strong India,” he added.
The conference was an interaction of Prime Minister Narendra Modi with the Chief Secretaries, organised by Niti Aayog with the theme ‘States as Drivers for Transforming India’.
Prime Minister Narendra Modi has asked Chief Secretaries of States and Union Territories to focus on the ease of doing business to attract investments.
The Prime Minister urged States and Union Territories to focus on the ease of doing business as “top priority” to attract investments in their regions. He said states have enormous untapped development potential which they should explore and bring-in investments.
The PM also urged to maximise the usage of Aadhaar to avoid leakages in schemes and put in use the government’s e-Marketplace (GeM) for efficient and transparent governance.