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India's Steady Growth Shines in Uncertain World, Says Kumar Mangalam Birla

Kumar Mangalam Birla states that India's steady economic growth is a rare constant in a world facing political uncertainty and shifting alliances. He describes the global environment as a "geopolitical marketplace" where partnerships are fluid, making decision-making complex. Birla attributes India's resilience to its large population, infrastructure expansion, and the formalization of its economy. He also notes the Aditya Birla Group's parallel growth and the significant rise in lending to MSMEs over the past decade.

Key Points: Kumar Mangalam Birla on India's Resilient Economic Growth

  • Global politics guided by deals not rules
  • India's growth driven by population and infrastructure
  • MSME lending has tripled in a decade
  • Aditya Birla Group NBFC loan book grew massively
2 min read

India's steady growth a rare constant in uncertain world: Kumar Mangalam Birla

Aditya Birla Group Chairman highlights India's steady economic growth as a rare constant amid global political uncertainty and shifting trade alliances.

"In a world focused on scale and deal-making, India offers size, credibility and continuity. - Kumar Mangalam Birla"

New Delhi, Jan 28

Aditya Birla Group Chairman Kumar Mangalam Birla on Wednesday said that India's steady economic growth stands out as a rare constant at a time when the world is facing political uncertainty, shifting trade rules and changing global alliances.

In the seventh edition of his 'Annual Reflections' note, Birla said that while the global environment remains unsettled, India's growth story continues to show durability and resilience.

He described the note as a personal exercise and called it a 'disciplined pause' to reflect on the world, his work and his evolving views.

He referred to it as a 'balance sheet of the mind', where he assesses global changes, India's economic rise, the Aditya Birla Group's journey and lessons from building businesses over the long term.

"Global politics is no longer guided by fixed rules but by constant negotiations and deals," he said.

"The world now functions like a geopolitical marketplace, where today's partners in energy may not be allies in technology, and current friends may not share the same priorities tomorrow," he noted.

This has made decision-making more complex for both countries and businesses, with fewer predictable choices than before, Birla explained.

Despite this global uncertainty, Birla said India's economic momentum remains strong and consistent.

He said India's growth is being driven by its large population, rapid infrastructure expansion, increasing formalisation of the economy and rising ambition among people and businesses.

"In a world focused on scale and deal-making, India offers size, credibility and continuity," he said.

Reflecting on the Aditya Birla Group's journey, Birla said the conglomerate has grown alongside India, not merely as a beneficiary of growth but as an active contributor.

"The Group has always aimed to expand in step with the nation it serves," Birla stated.

Birla also highlighted the sharp rise in lending to micro, small and medium enterprises over the past decade.

He said while MSME lending in the country has tripled in the last 10 years, the Aditya Birla Group's NBFC loan book has grown from about Rs 17,000 crore to nearly Rs 1.5 trillion during the same period.

- IANS

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Reader Comments

R
Rohit P
Absolutely agree with Mr. Birla. While the world is busy with negotiations and shifting alliances, India is quietly building its infrastructure and formalising the economy. The stability is a huge advantage for investors.
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Aman W
The growth numbers are impressive, no doubt. But I respectfully disagree that everyone is feeling this 'rising ambition'. For many middle-class families, the cost of living is rising faster than incomes. The benefits need to be more widespread.
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Sarah B
Interesting perspective from a major industrialist. The point about the world being a "geopolitical marketplace" is so accurate. India's ability to maintain steady growth while navigating this is commendable.
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Vikram M
"Size, credibility and continuity" – that's a powerful trio. It's what gives me confidence as a small business owner. When big groups like Birla's invest and grow here, it signals long-term faith in the country's story. Jai Hind!
K
Kavya N
The tripling of MSME lending is the real headline for me. Access to credit can transform small businesses. Hope this focus continues and reaches the grassroots entrepreneurs, especially women-led enterprises.

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