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The Economic Times

Need to look at cost of doing business to boost manufacturing; cut statutory liquidity ratio: Amitabh Kant

Amitabh Kant India

Mumbai: India must cut the statutory liquidity ratio (SLR) to boost job-intensive manufacturing, former NITI Aayog chief executive Amitabh Kant said.

Kant said the production-linked incentive (PLI) is a short-term solution for the manufacturing sector, but in the long term, "we need to reduce the cost of doing business through measures like cutting the SLR, which can reduce the cost of credit".

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