New FICCI president writes: Time to invest in India

The pandemic has proven to be the breakout moment in India’s long overdue emergence as the world’s next engine of growth. Starting with a measured approach to the timing and quantum of the economic stimulus while supporting those at the bottom of the pyramid to embarking upon bold reforms, Prime Minister Narendra Modi’s vision for a New India is bearing fruit at a time when one-third of the world’s economy is facing a slowdown.

The world is looking to India for leadership since entrenched, self-serving positions have left very little wriggle room for others to have any moral suasion to ease geopolitical tensions. In that sense, the mantle of the G20 presidency has come at the right time, allowing India to influence the global agenda based on its own priority of accelerated, inclusive and resilient growth.

The inherent strength and prospects of its economy are the foundation on which India has built the credibility necessary to occupy a seat at…

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