Indian economy transforms from ‘emerging’ status to ‘pivotal’ global economic force in last decade
Union Civil Aviation Minister K Rammohan Naidu has said that Indian economy transformed from an ‘emerging’ status to a ‘pivotal’ global economic force in the last decade. This shift is attributed to a robust growth and widespread digital public infrastructure. He said India stands at the intersection of trust, scale, and innovation, offering reliability through its stable democratic institutions, resilience through its diversity and size, and relevance through solutions that deliver value for money.
The minister said India's growth today is broad-based, digitally enabled, infrastructure-backed, and inclusive by design. He said this is the real transformation that India has witnessed in the last decade and one of the most consequential changes in India's development model has been the creation of digital public infrastructure. He noted that platforms like digital identity, real-time payments, and consent-based data sharing, and all these have given a certain kind of advantage for the Indian economy.
He further said lower transaction costs, formalised millions of entrepreneurs and enterprises, enabled startups to innovate without needing massive capital and delivered inclusion, not as a charity, but as a capability. He added that this is why India is no longer just a consumer market, but a digital global laboratory.
