India is well placed to benefit from geopolitical and economic trends that are driving the diversification of Asia's manufacturing supply chain, and it is also the country's “manufacturing moment”, according to The Economist Group.
While emphasising that India has a strong growth story, Upasana Dutt, Head of India at The Economist Group, also said that policy reforms are making it easier to do business in the country. India is the world's fastest-growing major economy and clocked a growth of 7.8 per cent in the June quarter. The government has also come out with various initiatives, including Production Linked Incentive (PLI) schemes to boost domestic manufacturing activities in different sectors.Last month, Economist Impact, which is an official network partner to the B20, hosted a forum in the national capital on 'Navigating new globalisation, innovation for progress'.
Economist Impact is a division of The Economist Group. It works with various partners, including major multinationals, multilateral institutions and private foundations, to examine some of the world's most pressing issues. Economist Impact uses a range of methodologies to conduct original research, which powers fresh content to inform and engage target audiences. In a recent interaction before the G20 Summit, Upasana Dutt said India is emerging to take a stronger position on the global stage.
“This transformative development signifies a departure from convention; it endows us with the opportunity to exert substantial influence over global discourse,” she said and added that supply chain restructuring and global investment in resources that are critical to future industries as well as the green transition will create opportunities for countries like India.