Latest news with #India@2047:LeadingtheGlobalEconomicOrder
Economic Times
16-05-2025
- Business
- Economic Times
India stands ready to lead the next phase of global growth: Experts
India's emergence as a global economic powerhouse continues to gain momentum, demonstrating robust resilience vis-a-vis strategic policies amid the widespread global uncertainties, says the India@2047: Leading the Global Economic Order authored by Dr. S P Sharma, Chief Economist, New Economic Order Economists and Former Chief Economist, PHD Chamber of Commerce & Industry. The book on 'India@2047: Leading the Global Economic Order' was released recently by the Dignitaries including Gopal Krishna Agarwal, National Spokesperson, BJP; Dr. Ajay Dua, (IAS Rtd.) Former Secretary, Ministry of Commerce & Industry; Prof. RM Joshi, Vice Chancellor, Indian Institute of Foreign Trade; Saurabh Sanyal, former Secretary General, PHD Chamber of Commerce and Industry; AP Vicky Shaw, Chairman, PHD Chamber of Commerce and Industry, Kashmir region; Prof. Niti Bhasin, Department of Commerce, Delhi School of Economics. Ms. Teena Jha, Senior Anchor, Sansad TV, moderated the session, and Dr. S P Sharma, author of the book provided the detailed presentation during the Launch Program. With an average GDP growth rate exceeding 8% over the post covid three years (FY 22 to FY 24), India is on track to become a major driver of global economic growth, said the authored book by Dr. S P Sharma. As outlined in the book 'Leading the Global Economic Order', India is steadily advancing towards its vision of becoming a developed economy by 2047, the centenary of its independence. The book captures India's economic transformation through a comprehensive assessment of progress, reforms, and forward-looking strategies. Driven by flagship initiatives such as Make in India, PM Gati Shakti, and recordbreaking Foreign Direct Investment crossing USD 1 trillion, the country is witnessing a manufacturing and infrastructure solid macroeconomic fundamentals—rising tax revenues, strong foreign exchange reserves, manageable fiscal deficit and debt-to-GDP ratio— strengthen its global economic positioning. India's dynamic and inclusive social approach, supported by women-led development, poverty reduction, rural advancement, and sports promotion, further reinforces its internal resilience. The book highlights the transition to sustainable growth through green energy, digital innovation, and emerging technologies such as AI and semiconductors. India's global integration is deepening with the rollout of the Foreign Trade Policy 2023, diversification of export sectors, and strategic economic alliances with the US, EU, GCC, ASEAN, and through active participation in multilateral forums like G20, BRICS, and BIMSTEC. Landmark initiatives like IMEC and the Chabahar Port projects underscore India's growing leadership in global connectivity and Leading the Global Economic Order spans seven comprehensive chapters, detailing India's global economic ascent, growth enablers, policy frameworks, and transformative reforms. The book serves as a roadmap, articulating India's resolve to become a globally integrated, innovative, and sustainable economic leader by 2047. The author, talking about the book, stated it to carry the roadmap or blueprint for India's journey and outlines the trajectory of India's economic growth in the past, present and future. He has attempted to gauge India's growth paradigms and its positioning in the global Gopal Krishna Agarwal, talked about 'Saamuhik Sankalp', i.e., collective pledge, so as to be able to achieve the potential of India in global leading economic order. The BJP spokesperson then stressed on clearly defining the roadmap and the narrative for the said purpose alongside keeping a positive sentiment about it. He highlighted the sectors offering greater potential for economic growth viz entrepreneurship, capitalising our intellectual capital, boosting the domestic consumption and demand, enhancing the investment opportunities, also focused on the rising foreign direct investments, ample forex reserves held by the country, while also emphasizing that fiscal deficit has remained under control even through the ups and downs of covid pandemic. He accentuated about the strong macro-economic fundamentals of the Indian economy, proving it to have a strong base for moving forward. Sh. Agarwal pointed to the holistic nature of growth to include welfare economics, inclusive growth and ensuring last mile delivery. The idea also encompassed the rising power of India economically, geopolitically and militarily. He discussed three important aspects viz higher tax collections, strengthening of financial institutions and public sector undertakings, along with good governance. He also highlighted the role of ease of doing business in India. To improve foreign trade, India's rising participation in bilateral trade treaties was highlighted. He concluded by saying the audience to embrace the challenges and channelise them to achieve our goals with strong willpower to make India - Viksit Ajay Dua started by pointing that the book covers varied sectors, right from the formal ones to the informal ones too. He called India as the 'Startup Capital of the World', which highlights the potential of our manufacturing sector and thereby channelising our intellectual capital towards it. Dr. Dua put forth certain challenges with regards the Indian economy, viz lesser agricultural productivity per unit of land, the burgeoning unemployment problem in the skilled workforce sector, especially among women in India. He also talked about resolving the unsatiated domestic demand in RM Joshi called the book to have provided a complete and comprehensive perspective on India becoming Viksit Bharat. He highlighted by stating that with each passing day, India is getting stronger on multiple fronts. Prof. Joshi called out on India being a case study for various countries across the world for adopting different models. India is the only country to have provided free food for over 5 years(post-covid), which alludes towards food security and inclusivity, reaching to the last man standing in the line. It has also saved many people from dying of Joshi talked of India's-UK trade partnership deal, which has been concluded recently, which illustrated India's assertive stand on global front. Over the years, India has been the largest exporter of foodgrains globally. Even during the covid period, it highlights India's stability and resilience. He concluded by saying that India has become economically, politically, militarily and diplomatically Niti Bhasin begun by discussing the aspect of collective pledge and its role in making India a capable contender for leading the global economic order. Apart from being one of the global economic powers, she highlighted that India stands out in its support to inclusivity (for instance the inclusion of African union in G20) and its preference to collective decision making. Besides being a soft power in geopolitics, it is well equipped with its hard power (defence capabilities) too. India, while stands with others and for others, also stands for itself too. Prof. Bhasin also discussed that India is engaging with varied countries to strengthen our economic ties. She concluded by saying that competitive federalism must be complemented with cooperative federalism, so as to reap maximum benefits on the economic and other fronts discussed the challenges faced by India, which affect its economy. He also pointed out that or any country to grow, there are three crucial aspects. Firstly, the political will has to be strong, secondly the defence forces must be monumental to be able to act as a deterrent, and lastly skilling the manpower. He also highlighted the role of artificial intelligence in different sectors and adaptation to new age technologies. Sanyal also mentioned that the book contains a detailed assessment of India's progress so far on various frontiers and sectors, apart from laying down its Vicky Shaw talked about the immense boost to the tourism sector in J&K, however suggested the infrastructure to be further strengthened. He consistently focused on strategic policies with calibrated steps, besides outlining the stable growth rate of India, FDI inflows, significance of sectoral contribution to Indian economy and social parameters like poverty rates. Further, foreign trade has been focused upon, especially defence and electronics exports. He also talked about the potential in the sector of food and processing industries, where agriculture and industry are combined to enhance value-added exports. Last, but not the least, aspects of sustainability and inclusivity are stressed upon so that growth could percolate the ground level in the Sharma in his book has essentially elaborated on India's significant position in the global economy, strong fundamental support growth, balanced macroeconomic environment focusing on different sectors, structural reforms, expanded trade trajectory of India's economy, the country's participation at various international fora and its alliances, emerging growth paradigms like startups, digital economy, AI, environmental and space projects. The book has been published by leading Indian publisher Academic Foundation.
Time of India
16-05-2025
- Business
- Time of India
India stands ready to lead the next phase of global growth: Experts
India 's emergence as a global economic powerhouse continues to gain momentum, demonstrating robust resilience vis-a-vis strategic policies amid the widespread global uncertainties, says the India@2047: Leading the Global Economic Order authored by Dr. S P Sharma, Chief Economist, New Economic Order Economists and Former Chief Economist, PHD Chamber of Commerce & Industry. The book on 'India@2047: Leading the Global Economic Order' was released recently by the Dignitaries including Gopal Krishna Agarwal, National Spokesperson , BJP; Dr. Ajay Dua, (IAS Rtd.) Former Secretary, Ministry of Commerce & Industry; Prof. RM Joshi, Vice Chancellor, Indian Institute of Foreign Trade; Saurabh Sanyal, former Secretary General, PHD Chamber of Commerce and Industry; AP Vicky Shaw, Chairman, PHD Chamber of Commerce and Industry , Kashmir region; Prof. Niti Bhasin, Department of Commerce, Delhi School of Economics. Ms. Teena Jha, Senior Anchor, Sansad TV, moderated the session, and Dr. S P Sharma, author of the book provided the detailed presentation during the Launch Program. With an average GDP growth rate exceeding 8% over the post covid three years (FY 22 to FY 24), India is on track to become a major driver of global economic growth, said the authored book by Dr. S P Sharma. As outlined in the book 'Leading the Global Economic Order', India is steadily advancing towards its vision of becoming a developed economy by 2047, the centenary of its independence. The book captures India's economic transformation through a comprehensive assessment of progress, reforms, and forward-looking strategies. Driven by flagship initiatives such as Make in India, PM Gati Shakti, and recordbreaking Foreign Direct Investment crossing USD 1 trillion, the country is witnessing a manufacturing and infrastructure resurgence. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tan Tuc: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More India's solid macroeconomic fundamentals—rising tax revenues, strong foreign exchange reserves, manageable fiscal deficit and debt-to-GDP ratio— strengthen its global economic positioning. India's dynamic and inclusive social approach, supported by women-led development, poverty reduction, rural advancement, and sports promotion, further reinforces its internal resilience. The book highlights the transition to sustainable growth through green energy, digital innovation, and emerging technologies such as AI and semiconductors. India's global integration is deepening with the rollout of the Foreign Trade Policy 2023, diversification of export sectors, and strategic economic alliances with the US, EU, GCC, ASEAN, and through active participation in multilateral forums like G20, BRICS, and BIMSTEC. Landmark initiatives like IMEC and the Chabahar Port projects underscore India's growing leadership in global connectivity and logistics. India@2047: Leading the Global Economic Order spans seven comprehensive chapters, detailing India's global economic ascent, growth enablers, policy frameworks, and transformative reforms. The book serves as a roadmap, articulating India's resolve to become a globally integrated, innovative, and sustainable economic leader by 2047. Live Events The author, talking about the book, stated it to carry the roadmap or blueprint for India's journey and outlines the trajectory of India's economic growth in the past, present and future. He has attempted to gauge India's growth paradigms and its positioning in the global ecosystem. Thereafter, Gopal Krishna Agarwal, talked about 'Saamuhik Sankalp', i.e., collective pledge, so as to be able to achieve the potential of India in global leading economic order. The BJP spokesperson then stressed on clearly defining the roadmap and the narrative for the said purpose alongside keeping a positive sentiment about it. He highlighted the sectors offering greater potential for economic growth viz entrepreneurship, capitalising our intellectual capital, boosting the domestic consumption and demand, enhancing the investment opportunities, etc. Agarwal also focused on the rising foreign direct investments, ample forex reserves held by the country, while also emphasizing that fiscal deficit has remained under control even through the ups and downs of covid pandemic. He accentuated about the strong macro-economic fundamentals of the Indian economy, proving it to have a strong base for moving forward. Sh. Agarwal pointed to the holistic nature of growth to include welfare economics, inclusive growth and ensuring last mile delivery. The idea also encompassed the rising power of India economically, geopolitically and militarily. He discussed three important aspects viz higher tax collections, strengthening of financial institutions and public sector undertakings, along with good governance. He also highlighted the role of ease of doing business in India. To improve foreign trade, India's rising participation in bilateral trade treaties was highlighted. He concluded by saying the audience to embrace the challenges and channelise them to achieve our goals with strong willpower to make India - Viksit Bharat. Dr. Ajay Dua started by pointing that the book covers varied sectors, right from the formal ones to the informal ones too. He called India as the 'Startup Capital of the World', which highlights the potential of our manufacturing sector and thereby channelising our intellectual capital towards it. Dr. Dua put forth certain challenges with regards the Indian economy, viz lesser agricultural productivity per unit of land, the burgeoning unemployment problem in the skilled workforce sector, especially among women in India. He also talked about resolving the unsatiated domestic demand in India. Prof. RM Joshi called the book to have provided a complete and comprehensive perspective on India becoming Viksit Bharat. He highlighted by stating that with each passing day, India is getting stronger on multiple fronts. Prof. Joshi called out on India being a case study for various countries across the world for adopting different models. India is the only country to have provided free food for over 5 years(post-covid), which alludes towards food security and inclusivity, reaching to the last man standing in the line. It has also saved many people from dying of poverty. Prof. Joshi talked of India's-UK trade partnership deal, which has been concluded recently, which illustrated India's assertive stand on global front. Over the years, India has been the largest exporter of foodgrains globally. Even during the covid period, it highlights India's stability and resilience. He concluded by saying that India has become economically, politically, militarily and diplomatically strong. Prof. Niti Bhasin begun by discussing the aspect of collective pledge and its role in making India a capable contender for leading the global economic order. Apart from being one of the global economic powers, she highlighted that India stands out in its support to inclusivity (for instance the inclusion of African union in G20) and its preference to collective decision making. Besides being a soft power in geopolitics, it is well equipped with its hard power (defence capabilities) too. India, while stands with others and for others, also stands for itself too. Prof. Bhasin also discussed that India is engaging with varied countries to strengthen our economic ties. She concluded by saying that competitive federalism must be complemented with cooperative federalism, so as to reap maximum benefits on the economic and other fronts too. Sanyal discussed the challenges faced by India, which affect its economy. He also pointed out that or any country to grow, there are three crucial aspects. Firstly, the political will has to be strong, secondly the defence forces must be monumental to be able to act as a deterrent, and lastly skilling the manpower. He also highlighted the role of artificial intelligence in different sectors and adaptation to new age technologies. Sanyal also mentioned that the book contains a detailed assessment of India's progress so far on various frontiers and sectors, apart from laying down its aspirations. AP Vicky Shaw talked about the immense boost to the tourism sector in J&K, however suggested the infrastructure to be further strengthened. He consistently focused on strategic policies with calibrated steps, besides outlining the stable growth rate of India, FDI inflows, significance of sectoral contribution to Indian economy and social parameters like poverty rates. Further, foreign trade has been focused upon, especially defence and electronics exports. He also talked about the potential in the sector of food and processing industries, where agriculture and industry are combined to enhance value-added exports. Last, but not the least, aspects of sustainability and inclusivity are stressed upon so that growth could percolate the ground level in the economy. Dr. Sharma in his book has essentially elaborated on India's significant position in the global economy, strong fundamental support growth, balanced macroeconomic environment focusing on different sectors, structural reforms, expanded trade trajectory of India's economy, the country's participation at various international fora and its alliances, emerging growth paradigms like startups, digital economy, AI, environmental and space projects. The book has been published by leading Indian publisher Academic Foundation.
India Gazette
07-05-2025
- Business
- India Gazette
Economist SP Sharma launches his book 'India@2047,' envisions India as global economic leader
By Aman Raj New Delhi [India], May 7 (ANI): Renowned economist Dr SP Sharma on Wednesday launched his new book, 'India@2047: Leading the Global Economic Order,' at an event in New Delhi that brought together distinguished voices from the fields of policy, academia, and economics. The book presents a compelling roadmap for India's transformation into a global economic superpower by 2047-- coinciding with the centenary of India's independence. It meticulously examines India's economic landscape, showcasing its remarkable achievements, identifying challenges and outlining crucial reforms needed to advance sustainable and inclusive growth. The author, Dr SP Sharma described India@2047 as a comprehensive analysis of India's economic evolution. 'The book traces India's journey from the post-independence era and the pivotal 1991 economic reforms to today's digital and startup-driven economy,' he said. 'It focuses on seven key areas--structural reforms, foreign trade, global alliances, economic resilience, global positioning, and emerging sectors such as artificial intelligence, the digital economy, and startups. India's economic trajectory in the past seven years has been particularly remarkable,' he added. Prof RM Joshi praised the book for its 'empirical and analytical depth,' calling it a 'holistic effort' that offers a clear vision of India's role in the global economic order by 2047. 'It highlights our shift from a low-income economy to a $4 trillion economy today, with some estimates projecting a $35-40 trillion economy by 2047,' he noted. Prof Niti Bhasin of the Delhi School of Economics emphasized the book's policy relevance, citing initiatives like Make in India, the Production-Linked Incentive (PLI) scheme, and Atmanirbhar Bharat as key drivers of progress. She also pointed to India's growing export performance and recent trade agreements as crucial tools for boosting foreign investment. 'Beyond economics, India's rise as a global soft power is also significant,' she added. The book further explores sectoral growth in agriculture, technology, health, education, and infrastructure, while underscoring the need for inclusive and sustainable development to realize the vision of a Viksit Bharat by 2047. The launch event featured a dynamic panel discussion with notable participants including Krishana Agarwal, National Spokesperson of the BJP; Prof RM Joshi, Vice Chancellor of the Indian Institute of Foreign Trade; Dr Ajay Dua, Former Secretary, Ministry of Commerce; Prof Niti Bhasin of the University of Delhi; Col Saurabh Sanyal; and AP Vicky Shaw, among others. (ANI)
