Davos, January 22 (IANS). India is emerging as a strong global power hub in the world through its large population, fast growth rate and growing innovation ecosystem. This information was given by global industry leaders on Thursday.
Speaking to IANS on the sidelines of the ongoing World Economic Forum meetings, business leaders noted India’s growing importance in global economic growth and its potential to attract long-term international investment.
Tu Chang, founder of the Forum for Business in Taiwan, said India’s demographic favorability makes it one of the most important economic powers in the world today.
“India is emerging as a strong global powerhouse. With its large and young population, India has immense potential for growth and innovation,” Chang said.
Tu Chang further said that India is already seen as one of the major centers of global economic growth and will continue to play a bigger role in the coming years.
He further said that the World Economic Forum this year is discussing a wide range of issues including sustainable development, capital flows, investment and political challenges, all of which are closely linked to economic progress.
“The country’s demographic favorability and growing economy are key factors that will attract global investment,” he said.
He also praised the leadership of Prime Minister Narendra Modi and said that the Indian government is making concerted efforts to improve the economic performance.
“India’s youth workforce is a major force and under the leadership of Prime Minister Modi, the country is well-positioned to perform even better in the years to come,” Tu Chang said.
Milind Pimprikar, founder of Canius International, said that the focus of the discussions taking place at the World Economic Forum this year is to expand technologies in a responsible manner.
He said Canius is working with the Government of Maharashtra and the Government of India to create a new framework that will help startups and deep-tech innovations move from development to large-scale commercialization.
He further said that an agreement has been signed with the Chief Minister of Maharashtra to set up an institute dedicated to the commercialization of deep-technology, which will promote innovation-led growth in India.
“India’s strong economic momentum, expanding infrastructure and mature business ecosystem make it an attractive destination for global investors,” said Frank Meehan, co-founder of Australia-based Frontier One.
Apart from this, Indian leaders have also visited Davos to attract investment in the country. Gujarat Deputy Chief Minister Harsh Shanghvi on Thursday met Elika Kyoseeva, Director of Quantum Algorithm Engineering at Nvidia, EDF Chairman Bernard Fontana and Linde Europe CEO Roger Britsagi.
Apart from this, Maharashtra Chief Minister Devendra Fadnavis met Port of Rotterdam Authority CEO Boudwijn Simmons.
–IANS
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