EAC-PM Calls for Stronger Corporate Role
The Economic Advisory Council to the Prime Minister (EAC-PM) has urged corporate India to play a more active role in driving growth. The council highlighted the importance of fresh capital investments, export growth, job creation, and decentralisation to sustain India’s economic momentum.
Capital Investment as Growth Engine
EAC-PM stressed that higher private capital investment is vital to complement public spending. Corporates have been asked to invest in sectors such as infrastructure, manufacturing, and digital technology. Such investments can enhance productivity, generate demand, and accelerate India’s long-term growth trajectory.
Exports as a Key Driver
The council underlined that exports remain central to India’s economic vision. Expanding global trade opportunities will strengthen India’s competitiveness in international markets. Corporates were encouraged to diversify exports, upgrade technology, and focus on high-value industries. With global supply chains shifting, India has a chance to position itself as a trusted hub.
Job Creation at the Core
Employment generation was identified as a top priority. The council emphasized that industries must expand their workforce to absorb India’s growing labor pool. Manufacturing, services, and technology sectors can play a significant role in offering sustainable jobs. By investing in skill development and modern industries, corporates can ensure inclusive growth.
Decentralisation for Balanced Development
EAC-PM also highlighted the importance of decentralisation in driving regional growth. Corporates were urged to invest beyond metro cities and bring opportunities to smaller towns and rural regions. Decentralised development will not only reduce urban pressure but also create balanced prosperity across states.
Private-Public Synergy
The council stressed that India’s economic ambitions can only be achieved with strong private-public partnerships. Corporates must align their strategies with national priorities such as Atmanirbhar Bharat and Make in India. This synergy will boost resilience, foster innovation, and strengthen India’s position as a global economic leader.
Global Context and Opportunities
India’s growth call comes at a time when global markets are uncertain. Supply chain disruptions and geopolitical tensions are reshaping trade dynamics. By stepping up with investments and innovation, Indian corporates can secure a larger role in the evolving global economy.
Final Thoughts
EAC-PM’s message to corporates is clear: invest boldly, expand exports, create jobs, and decentralise growth. India’s economic future depends on a collective effort between government and industry. By responding to this call, corporates can ensure India’s vision of inclusive and sustainable growth becomes a reality.
FAQs
Q1: What did EAC-PM urge corporates to do?
They urged corporates to increase capital investments, focus on exports, create jobs, and promote decentralisation.
Q2: Why is capital investment important?
It boosts productivity, creates demand, and accelerates long-term growth.
Q3: How can exports help India’s economy?
Exports improve global competitiveness and position India as a trusted trade partner.
Q4: Why is decentralisation needed?
It ensures balanced regional growth and reduces dependence on metro cities.
Q5: How will corporates benefit from responding to this call?
They will align with national priorities, access new markets, and strengthen global competitiveness.
