India’s Once-In-A-Generation Economic Growth: Insights from Amitabh Kant, G20 Sherpa, at Capital Talks, a JGU Thought Leadership Series
India is experiencing a remarkable economic growth that is being hailed as a once-in-a-generation phenomenon by Amitabh Kant, the G20 Sherpa of India. Speaking at Capital Talks, a Thought Leadership Series organized by the Jindal India Institute, Kant highlighted the radical changes that have propelled India’s growth over the past decade.
Kant emphasized that India is standing out as an oasis of growth amidst a global economic slowdown. He stressed the need for India to sustain and accelerate this growth momentum, aiming for high rates of 9-10% over the next three decades. Kant also pointed out the shift in global dynamics, with the end of globalisation and the emergence of new technologies like artificial intelligence, quantum computing, and blockchain.
The G20 Sherpa highlighted India’s goal of becoming a $30 trillion economy by 2047 and outlined the structural reforms and digital infrastructure developments that have contributed to the country’s growth. He also discussed the importance of initiatives like the Goods and Services Tax (GST), bankruptcy code, and focus on infrastructure development in post-Covid era.
Kant underscored the need for India to transition from a services-driven economy to a manufacturing powerhouse, creating large manufacturing companies and focusing on sustainable urbanization. He also emphasized the importance of improving learning outcomes, healthcare, and nutritional standards for sustained growth.
The event, organized by the Jindal India Institute, brought together experts to discuss India’s economic growth and leadership role in the G20. The institute aims to promote a positive understanding of India’s achievements and position the country as a global leader in various fields.
With India’s economic growth trajectory gaining momentum, Kant’s insights shed light on the opportunities and challenges that lie ahead for the country on the global stage.