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Economy

India's finance minister: Boosting productivity is the key to unlocking Asia's potential

Arun Jaitley

Enhancing productivity across the region would help to ensure the coming years are "Asian decades," Indian Finance Minister Arun Jaitley said.

"Sixty percent of the global population lives in Asia. But today, Asia still accounts for only one-third of the global productivity," Jaitley told the conference. This gap explains why, despite economic growth rates that are three times faster than the developed world's, Asia's "quality and standard of life, our enrichment, [are] less than what the developed world has."

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