IMEC Will Propel India to Become the 3rd Largest Economy: Mansukh Mandaviya
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Synopsis
Union Labour Minister Dr. Mansukh Mandaviya stated that the IMEC initiative is crucial for positioning India as the world's third-largest economy. He emphasized the importance of cultural exchange and India's unique development model during the IMEC event.
Key Takeaways
- IMEC's role in India's economic growth.
- Impact of PM Modi's leadership on global perceptions.
- Emphasis on cultural exchange beyond trade.
- India's historical significance in global commerce.
- Need for a unique Indian development model.
New Delhi, April 16 (NationPress) The India-Middle East-Europe Economic Corridor (IMEC) is set to be pivotal in positioning India as the third-largest economy globally, according to Union Labour and Employment Minister Dr. Mansukh Mandaviya during a statement made on Wednesday.
He emphasized that under the guidance of Prime Minister Narendra Modi, global perceptions of India have markedly increased since the inception of the IMEC project in 2023.
Dr. Mandaviya clarified that this corridor transcends mere goods exchange; it facilitates the sharing of culture and values.
"Our policies and cultural heritage demonstrate that this corridor will unify not only economies but also civilizations," he remarked while addressing participants at the IMEC event in the national capital.
Reflecting on history, he noted that India has consistently been a focal point in global trade. For millennia, merchants from all over the world have chosen India for their commercial activities, a legacy that persists to this day. "That truth is still alive," he stated.
Mandaviya emphasized the need for India to adhere to its unique development model rather than imitating foreign systems.
He cited India's achievements during the Covid-19 pandemic as a prime example.
"During that period, many doubted India's ability to handle the crisis. However, PM Modi firmly asserted that in India, health is not commerce; it is service. Service is ingrained in our culture," he remarked.
He added that this service-oriented spirit enabled India to establish a distinctive and successful approach during the pandemic. Now, a similar model focused on India can be employed for economic corridors like IMEC.
"While infrastructure such as ports, highways, and railways exists globally, how we harness connectivity to foster cultural and economic transformation is where India offers a unique perspective," he stated.
Discussing India’s growing significance in the global employment market, Mandaviya mentioned that Israel has expressed interest in recruiting skilled workers like plumbers and carpenters from India.
"They require labor, but their qualification criteria differ. Therefore, I have resolved that India should emerge as the premier platform for such international opportunities," he concluded.
