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India a "Trusted Value Chain Partner" & Global Bright Spot, Says Vaishnaw at Davos

Union Minister Ashwini Vaishnaw stated at the World Economic Forum in Davos that international investors view India as a "trusted value chain partner" and a stable, vibrant democracy. He projected that India's economy will grow six to eight per cent in real terms over the next five years, supported by moderate inflation. The Minister highlighted dramatic improvements in ease of doing business, such as reducing telecom tower permission times from 270 days to just seven. Concurrently, CII President Rajiv Memani called for a five-fold increase in India's per capita income by 2047.

Key Points: India a Trusted Value Chain Partner, Says Ashwini Vaishnaw at Davos

  • Global investors label India a "bright spot"
  • India projected to grow 6-8% in real terms
  • Telecom permissions slashed from 270 to 7 days
  • Call to boost per capita income 5x by 2047
2 min read

World views India as a "trusted value chain partner": Ashwini Vaishnaw at Davos

Union Minister Ashwini Vaishnaw says global investors see India as a stable democracy and bright spot for sustainable growth at WEF Davos.

"India is being seen today as a trusted value chain partner all over the world. - Ashwini Vaishnaw"

Davos, January 22

Union Minister Ashwini Vaishnaw on Wednesday shared that international investors are clearly calling India a "bright spot" during the ongoing summit in Switzerland. The Minister noted that the country's progress and democratic system have made it a top choice for those seeking a trusted place to invest in sustainable growth.

Discussing the outcomes of his investor meetings, Ashwini Vaishnaw said, "India is being seen today as a trusted value chain partner all over the world. In this turbulent and very difficult environment, across the globe, where there is uncertainty, India is being seen as a very stable, good democracy, vibrant democracy, and an economy with sustainable growth.

Revealing the feedback from various global panels, Union Minister further said, "The way meetings and discussions took place with investors here, in every panel, people were very clearly saying that India is a bright spot today."

Union Minister of Electronics and Information Technology, Ashwini Vaishnaw, on Wednesday said India will continue to grow six to eight per cent in real terms and 10 to 13 per cent in nominal terms in the next five years.

Speaking at the session on 'Bet on India - Bank on the Future' organised by Confederation of Indian Industry (CII) in association with EY coinciding with the World Economic Forum (WEF) 2026 at Davos, Vaishnaw spoke of the government's efforts towards ease of doing business."India will continue to grow six to eight per cent in real terms and 10 to 13 per cent in nominal terms, supported by moderate inflation and strong growth," he said.

The Minister highlighted the importance of simplifying permissions and noted that the average time for obtaining telecom tower permission has decreased from 270 days to seven days, with 89 per cent of permissions issued in zero days. He further highlighted the need to bridge the gap between intent and functioning.

Vaishnaw also discussed the importance of communicating challenges among industry members, noting the need to standardise data localisation norms across the US and Europe.Rajiv Memani, President, CII and Regional Managing Partner, Africa-India Region, EY, called for increasing India's per capita income by at least five times by 2047.

- ANI

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Reader Comments

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Sarah B
As someone working in the tech sector, the focus on standardizing data norms is crucial. It's not just about attracting investment; it's about building a framework where global companies can operate seamlessly. The 10-13% nominal growth projection is ambitious but seems achievable with current reforms.
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Priya S
While the sentiment at Davos is positive, I hope this translates to more jobs on the ground, especially for our youth. The 'ease of doing business' must also mean 'ease of living' for the common person. Let's ensure this growth is inclusive and reaches all sections of society.
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Rohit P
"Trusted value chain partner" – that's the key phrase. It's not just about cheap labor anymore. It's about reliability, rule of law, and a skilled workforce. The world is looking for alternatives, and India is stepping up. Jai Hind!
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Michael C
Respectfully, I have to point out that these are projections and statements at a global forum. The real test is execution. Bridging the gap between intent and functioning, as the Minister mentioned, is where the hard work lies. We need to see these simplified permissions become the norm in every state and sector, not just telecom.
K
Kavya N
Increasing per capita income 5x by 2047 is a massive goal! This requires sustained focus on education, healthcare, and rural development alongside industrial growth. The 'bright spot' narrative is good for confidence, but let's keep our eyes on the long-term roadmap for every Indian's prosperity.

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