Information and Broadcasting Minister Ashwini Vaishnaw has said that India’s reform momentum is firmly on track, driven by deep structural reforms personally steered by Prime Minister Narendra Modi. He said that the leadership of PM Modi has transformed the Indian economy into a high-growth, resilient and globally trusted destination.

 

Speaking on the sidelines of the World Economic Forum Annual Meeting at Davos, Mr Vaishnaw said, key reforms across sectors have boosted strong investor confidence, with global companies expanding their investments in India. He said India is the fastest-growing major economy, with growth projected at six to eight per cent over the next five years, and stressed that the government is strengthening internal capabilities to enhance economic resilience amid global uncertainties.

 

Referring to prevailing global uncertainties, the Minister emphasised the need to strengthen internal capabilities to enhance resilience amid geopolitical, geoeconomic and geotechnical turbulence. Alongside this, the Minister added that global perception of India at Davos has been overwhelmingly positive, with a broad consensus that India’s emergence as the world’s third-largest economy is only a matter of time.