NewKerala.com

Key Points

India stands at a unique economic crossroads as tensions between the US and China escalate. Industry leaders are remarkably optimistic about the country's potential to emerge as a global innovation hub. The government's focus on skill development and youth empowerment is seen as a critical strategy for future growth. With strong fundamentals and talented workforce, India is well-positioned to transform global economic challenges into opportunities.

Key Points: India's Growth Potential Amid US-China Trade Tensions

  • - India positioned as potential global innovation hub amid trade tensions
3 min read

India can be global growth hub amid US-China tariff war: Industry leaders

Indian industry leaders see massive opportunity for economic expansion and global leadership during US-China trade conflicts

"This is the best time for India - Sanjay Bhatia, Hindustan Tin Works Limited MD"

New Delhi, April 17

As tensions continue to rise between the US and China over trade tariffs, Indian industry leaders believe this could be a golden opportunity for their country to position itself as a global hub for innovation and economic growth.

Speaking to IANS on the sidelines of the 120th anniversary celebration of the PHD Chamber of Commerce and Industry (PHDCCI) here, Mankind Pharma Vice Chairman and Managing Director Rajeev Juneja said: "This is a very different kind of scenario."

"There's a tariff war going on between China and America, and at this point, India can become a place of opportunity. I see a super bright future for India. We’re always India-centric," Juneja told IANS.

He also emphasised that while the dream of becoming a global leader in emerging fields like artificial intelligence (AI) may seem far off, India is already on the right path.

"We have to start with baby steps. Many startups are doing well. If the youth get the right support from the government, one day we can hope to become a centre for AI," he said.

He praised the government’s focus on skill development and youth empowerment, pointing to the growing infrastructure and support systems being put in place.

"The government is doing fantastic work. Prime Minister Narendra Modi is very concerned about the youth. Opportunities are being created, and the right steps are being taken," Juneja told IANS.

Hindustan Tin Works Limited Managing Director Sanjay Bhatia echoed a similar sense of optimism.

"This is the best time for India. The way India is progressing and being recognised globally is a great opportunity for our industries. The government is working on ease of doing business, and we hope even more steps will be taken," Bhatia told IANS.

He added that India is well-positioned to absorb global shocks like the recent tariff hike by the US. "Our fundamentals are strong. These global shocks are temporary. India is back on track," he added.

On the rise of AI, Bhatia said India has the resources and talent to lead in the field. "Indians are already contributing to AI globally. If we retrain our existing workforce and equip them with new skills, we can ensure job continuity and generate new employment," he said.

The event, held at the PHD House, saw Lok Sabha Speaker Om Birla launch a special coffee table book to mark the Chamber’s legacy. Past Presidents of PHDCCI were also honoured for their contributions to India’s industrial growth.

- IANS

Share this article:

Reader Comments

P
Priya K.
This is such an exciting time for India! 🇮🇳 We've been waiting for this moment where global circumstances align with our potential. The youth especially need to step up and grab these opportunities. #MakeInIndia
R
Rahul S.
While I appreciate the optimism, I think we need to be realistic about infrastructure challenges. Our manufacturing sector still lags behind China in many areas. The government needs to focus more on ground-level implementation.
A
Anjali M.
As someone working in AI research, I'm thrilled to see this discussion! We have brilliant minds but need better funding and industry-academia collaboration. The talent is here, just needs proper nurturing 💡
V
Vikram P.
The tariff war is definitely an opportunity, but let's not forget we need to compete on quality, not just price. "Made in India" should mean world-class standards, not just cheaper alternatives.
S
Sunita R.
So proud of how far we've come! My small business has benefited from government schemes mentioned in the article. The focus on skill development is changing lives in rural areas too. Jai Hind! 🙏
K
Karan D.
Interesting perspective! I wonder how this will affect job markets in the next 5 years. Should students be focusing more on tech skills now? Would love to hear from HR professionals in the comments.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50