India to be fastest-growing economy, engine of global growth: Birla
- IBEF
- July 26, 2022
Despite global obstacles, India is positioned to be the world's fastest-growing major economy and a driver of global growth, according to Aditya Birla Group Chairman, Mr. Kumar Mangalam Birla.
India's exports are exhibiting a strong buoyancy, and economic sentiment has been supported by a robust pipeline of infrastructure projects as well as the government's pragmatic policies, such as the production-linked incentives schemes, said Mr. Mangalam.
Recent strong rises in inflation, notably in food and gasoline prices, have been felt in many economies, pushing their inflation rates to multi-decade highs. In order to combat rising prices, central banks have been obliged to raise interest rates dramatically, added Mr. Mangalam.
India has new potential due to the vibrancy of its digital ecosystem, the diversification of global supply chains away from China, and the greater emphasis of investors on sustainable finance offer new opportunities for India.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
