Is India Emerging as a Stabilizing Force in the Global Economy?
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Synopsis
As global economic experts convene in New Delhi, they emphasize India's pivotal role in the world economy. The Kautilya Economic Conclave 2025 facilitates discussions on the essential reforms needed for India's growth and its emerging status as a stabilizing force amidst global uncertainty.
Key Takeaways
- India's Influence: Growing role in the global economy.
- Reforms Needed: Essential for strengthening economic growth.
- Experts Gather: Kautilya Economic Conclave facilitates crucial discussions.
- Justice System: Investment risks must be reduced to foster growth.
- Digital Payment Systems: India is a global benchmark.
New Delhi, Oct 3 (NationPress) On Friday, global economic specialists underscored India's expanding influence in the international economic landscape and emphasized the necessity for reforms to bolster its growth narrative.
During a conversation with IANS at the fourth Kautilya Economic Conclave 2025, Lord Karan Bilimoria, a Member of the House of Lords in the UK, commended the conclave for uniting economists, business leaders, and policymakers from around the globe.
“This marks my inaugural participation in the Kautilya Economic Conclave, and it has been exceptional in addressing India’s economic context alongside global challenges and possibilities,” he conveyed to IANS.
Jean-Claude Trichet, the Honorary Governor of the Bank of France and former President of the European Central Bank, asserted that India has the potential to realize the aspirations of its Constitution—justice, social, economic, and political—through the means of sustained economic development.
He argued that enhancing the justice delivery framework transcends merely increasing judicial salaries; it involves minimizing investment risks, which could potentially save billions.
Jean-Pierre Landau, a Professor at Sciences Po, Paris, and former Deputy Governor of Banque de France, noted that he has participated in the conclave for the last three years and observed India's increasing self-assurance on the global stage.
“I am struck by the impression that India is gently, not aggressively, cultivating a sense of confidence about its future and stabilizing role in the global economy,” he remarked.
Landau also discussed the potential and challenges associated with digital currencies, mentioning that they can facilitate access to financial services for unbanked populations but must be supported by robust public infrastructure.
He added that India is globally acknowledged for its digital payment systems, which are regarded as a standard.
Furthermore, he highlighted that the world is currently navigating through uncertainty and volatility, making stability and predictability vital for investment and growth.
Conferences like the Kautilya Economic Conclave provide an excellent platform to deliberate on such issues and devise solutions.
Point of View
We observe that India's increasing self-confidence in the global economic arena is a testament to its potential. The insights from global experts at the Kautilya Economic Conclave highlight the importance of sustained reforms to navigate challenges and seize opportunities for growth, ensuring a stable future for the nation.
NationPress
03/10/2025
Frequently Asked Questions
What is the significance of the Kautilya Economic Conclave?
The Kautilya Economic Conclave serves as a vital platform for global dialogue on economic issues, bringing together diverse voices to address India's role in the world economy.
How can India achieve its constitutional aspirations?
India can realize its constitutional aspirations through sustained economic growth that promotes justice and reduces investment risks.
What are the challenges associated with digital currencies?
Digital currencies present opportunities for financial inclusion but require robust public infrastructure to mitigate risks.
