India's Economic Growth and Inclusive Policies

India is set to maintain a robust economic growth rate of 6-8% while keeping inflation in check, according to senior Union minister Ashwini Vaishnaw. Speaking at the World Economic Forum annual meeting in Davos, Vaishnaw highlighted the government's focus on inclusive growth, manufacturing, services, and the simplification of laws as key pillars of the country's economic blueprint.

The minister emphasized that inclusive growth has been a significant factor in Prime Minister Narendra Modi's re-election for a third term, ensuring that the benefits of economic growth reach every section of society. Vaishnaw also pointed out that India's talent pool is unmatched across sectors, making it a trusted destination for global companies looking to shift their factories and value chains.

Industrialist Sanjiv Bajaj on India's Growth

Industrialist Sanjiv Bajaj, speaking at the same session, praised the Indian government for delivering on its promises to the industry. He noted that India has emerged as a world leader in several sectors, including new-age areas like drones. However, Bajaj believes that for a country of India's size, a growth rate of 6-6.5% is insufficient, advocating for a target of at least 7-7.5%.