India’s economic growth story is set to gain further momentum, underpinned by strong fundamentals, robust policymaking, and a skilled workforce, according to top industry leaders.
On the sidelines of the 120th anniversary celebrations of the PHD Chamber of Commerce and Industry (PHDCCI), the leaders voiced confidence in the country’s economic trajectory under the third term of Prime Minister Narendra Modi’s government.
Raghupati Singhania, Chairman and Managing Director of JK Tyre & Industries Limited, said, “So far, so good—and I’m confident the momentum will continue. Our economic fundamentals are sound and stable.”
He noted the government’s commitment to strengthening international relations. “The government is actively working to forge strong bilateral ties and explore opportunities for global collaboration,” Singhania added.
PHDCCI President Hemant Jain echoed similar sentiments, stating that India currently holds a “sweet spot” in the global economic landscape.
“Inflation is under control, markets are performing well, and we have one of the most stable governments in the region. India has become a focal point of global attention,” he said.
Jain also emphasized the importance of strong diplomatic relationships, particularly between Prime Minister Modi and global leaders, including those in the United States, in driving forward trade relations.
He expressed confidence that India will continue to benefit from evolving global trade patterns. “India already possesses the talent and knowledge base to emerge as a global leader in AI. The key is to channel this potential into creating platforms and assuming leadership in the tech space,” he added.
Suman Jyoti Khaitan, Founder and Managing Partner of Khaitan & Co, underscored that India’s continued growth is anchored in solid economic fundamentals and supportive policies.
“India is witnessing significant improvements in infrastructure, guided by focused policymaking and powered by entrepreneurial energy. We are well-positioned to reap the benefits of global economic shifts,” Khaitan said.
He also praised the government’s initiatives on skill development and internship programs. “These efforts will help close the gap between academic learning and industry requirements, ultimately creating a stronger, job-ready workforce,” he said.
(With IANS inputs)
