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

Amitabh Kant has suggested reducing the statutory liquidity ratio to boost manufacturing in India. This move could lower the cost of credit for businesses, making it easier for them to access funds. Cutting the SLR would be a step towards promoting job-intensive manufacturing, which is crucial for the country's economic growth. If implemented, this policy change could support the growth of startups in new-age sectors and create more jobs.

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Reducing the statutory liquidity ratio could promote job-intensive manufacturing in India. This could lead to increased economic growth and investment in the sector.

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