Accelerating India's Path to Economic Growth through Strategic Partnerships
A Ministry of External Affairs official stressed India's need for strategic partnerships to accelerate economic growth. With a $4 trillion GDP, India aims to become a developed nation by 2047 through robust supply chains and tech adoption, including AI. Logistics cost reduction and FTAs are crucial, too.
- Country:
- India
In a recent address, a top official from the Ministry of External Affairs underscored the critical role of partnerships in boosting India's economic growth trajectory.
The official highlighted the urgent need for India to expand its manufacturing sector and set up a resilient supply chain, which would stimulate export growth.
The transformative potential of technology, particularly AI, was acknowledged, along with the necessity to optimize logistics costs and reevaluate Free Trade Agreements to foster economic cooperation.
(With inputs from agencies.)
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