The American economist said, “It was a great meeting. We talked about the importance of successful urban development. He understands these issues very well. PM articulated it very well that urbanisation is not a problem. It’s an opportunity. I take this as a slogan. India can show the way to the world on the authentication front with programs like Aadhaar.”
Prime Minister Modi arrived in the United States as part of his four-day historic State visit on Tuesday and met a galaxy of leaders from various walks of life, including Tesla CEO Elon Musk.
#WATCH | Professor Paul Romer after meeting PM Modi in New York, says “It was a great meeting. We talked about the importance of successful urban development. He understands these issues very well. PM articulated it very well that urbanisation is not a problem. It’s an… pic.twitter.com/rSPfW8p576
— ANI (@ANI) June 21, 2023
Senior Vice President of the World Bank, Paul Romer said that he first met with PM Modi in the year 2013 and that time, the two talked about the importance of successful urban developments and the things that the government really needs to do to help lead in urban development.
“So for me, a good day is when I learned something and I learned a bunch about what India is doing on this issue of authentication,” the American economist and policy entrepreneur said.
Romer said, “It’s really exciting because the government has to be involved as they are, but they have this foundation with the Aadhar system that means they can do things that most governments around the world can’t do.”
“I think India, just as India did this for Aadhar, I think for telephony and electronic authentication, I think India could really show the world how to do it right,” Romer added.
In 2018, Romer bagged a Nobel Prize for Economics for his contributions to the understanding of long-term economic growth and its relation to technological innovation.
His work shed light on the ways in which technological advances that help sustain economic growth are generated in human economic activities and showed that persistent growth requires government intervention in the form of investment in research and development (R & D) and carefully designed intellectual property laws.