Is Political Stability and Strong Policy Push Creating a Conducive Investment Climate?

New Delhi, July 18 (NationPress) Political stability and a strong policy initiative across essential sectors such as infrastructure, logistics, and supply chains are fostering an encouraging investment atmosphere, significantly propelling the nation's goal of becoming a global manufacturing hub, stated Sunil Mittal, Chairman of Bharti Airtel.

Mittal indicated that India is poised to maintain its stable economic trajectory, even amid global uncertainties intensified by rising trade disputes and ongoing conflicts, as noted in the company’s recent annual report.

“Global macroeconomic growth has experienced a downturn, showing stark divergences across regions and necessitating synchronized efforts to preserve sustainable growth. The Indian economy showed remarkable resilience in FY 2024-25, upholding its status as one of the fastest-growing large economies globally, with a projected GDP growth of 6.5 percent,” he elaborated.

Moreover, India’s digital economy has witnessed remarkable expansion with double-digit growth, driven by extraordinary digital engagement from individuals, businesses, and government bodies.

“Prime Minister Narendra Modi delivered a motivating speech at the India Mobile Congress 2024, highlighting essential priorities to maintain – and even exceed – India’s digital revolution, including widespread data access, ubiquitous digital connectivity, and positioning Digital First as a national objective,” Mittal highlighted.

He further remarked that Airtel’s legacy is marked by its dedicated participation in advancing national aspirations.

“Be it initiating the telecom revolution in the early 1990s or laying the groundwork for a Digital India in the past decade, Airtel has consistently directed its investments toward pioneering digital innovation in the country, supporting the multiplier effect of digital economic growth,” he said.

“We will persist in collaborating with various stakeholders to achieve the goals of India’s Digital First vision,” Mittal stated.

As a committed participant in India’s economic advancement, Airtel plays a vital role with its expanding contributions to direct and indirect taxes, License Fee (LF), and Spectrum Usage Charges (SUC) for the State Exchequer.

“In FY 2024-25, Airtel contributed over Rs 373 billion in LF, SUC, and other taxes. Furthermore, the company paid Rs 289 billion towards spectrum commitments, including annual dues and prepayments. Over the past five years, Airtel's contributions to the Exchequer have approached Rs 2.5 trillion, underscoring our dedication to national progress,” Mittal concluded.