India successfully built the best digital economy, finance architecture in the world: Nobel laureate economist, Mr. A. Michael Spence

Nobel laureate economist, Mr. A. Michael Spence lauded India as a major economy with the highest growth potential, recognizing the country for achieving the world's leading digital economy and financial architecture. At Bennett University in Greater Noida, Mr. Spence emphasized India's openness, competitiveness, and inclusive service delivery across a vast territory.

Discussing a "regime change" in the global economy, Mr. Spence attributed the breakdown of the longstanding global system to factors like pandemics and geopolitical tensions. He highlighted the ongoing shift in the global economy, with diversifying supply chains and increased complexity in global governance. Despite challenges, Mr. Spence expressed optimism, citing counter-measures for enhancing human welfare and substantial progress in science and technology, including generative AI and advancements in biomedical life sciences and energy transitions.

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