New Delhi, 18 September (IANS). Union Minister of Electronics and Information Technology Ashwini Vaishnav said on Thursday that global confidence in India is increasing and the GST rate cut and rapid expansion of India’s digital infrastructure such as Next generation reforms are enabled strong domestic and international partnerships, which are required to achieve the vision of India developed by 2047.
Addressing the program of Public Affairs Forum of India (PAFI), the Union Minister highlighted India’s growing role and aspirations in the Multipolar World System being developed.
Union Minister Vaishnav said, “India’s growth story is moving further with even more confidence. We are moving from 95 percent to 98 percent at the confidence of development, inflation is under control and 9-13 percent is a nominal growth rate.”
He said that India’s achievements in the field of semiconductor, from the production of ‘Made in India’ chips to the design of world -class 2 nanometer technology, reflect global confidence in our abilities.
Also, along with improvement in income tax and GST, strong capital expenditure and talent development, they are giving momentum to a positive cycle of consumption, investment and employment.
The Union Minister said, “These basis ensures that India’s growth story remains both strong and transformative.”
He highlighted India’s continuous rise as a reliable global partner and credited this pace to comprehensive policy reforms in regulation, digitization and investment facility.
Giving information, Union Minister Vaishnav said that very soon two more semiconductor plants will start work, which will strengthen India’s position in the global chip manufacturing ecosystem.
He also highlighted the expansion of the Telecom 100 Labs Pahal and the Semiconductor Talent Development Program.
Discussing the important role of infrastructure, the Union Minister mentioned in detail the three major areas of capital expenditure in the Railways.
Highlighting the significant improvement in security, he said that accidents came down from 170 to 31 per year due to an annual investment of Rs 34,000 crore.
The Union Minister demonstrated the new generation of railway rolling stock, including Amrit Bharat trains costing only Rs 400 for low -income families.
Talking about the progress of the bullet train project, he said that the 300 km of the wire has been completed and operations will start by 2027.
-IANS
SKT/