New Delhi, Sep 18 (NationPress) Global confidence in India is on the rise, bolstered by next-generation reforms such as the recent GST restructuring and the swift expansion of India's digital infrastructure. These developments are creating stronger domestic and international partnerships, which are crucial for realizing the vision of a developed India by 2047, stated Union Electronics and IT Minister Ashwini Vaishnaw on Thursday.

During his address at the Public Affairs Forum of India (PAFI) event, the minister emphasized India’s increasing significance and aspirations within the changing multipolar world order.

“India’s growth narrative is not only steady; it is accelerating with heightened confidence. We are advancing from a 95 percent to a 98 percent confidence interval on growth, with inflation under control and a nominal growth trajectory of 9-13 percent,” Vaishnaw informed the attendees.

India’s milestones in semiconductors—from producing 'Made in India' chips to engineering world-class 2 nanometre technology—highlight the global confidence in our capabilities, he pointed out.

Additionally, reforms in income tax and GST, along with robust capital expenditure and talent development, are propelling a positive cycle of consumption, investment, and employment.

“These foundations ensure that India’s growth story is both resilient and transformative,” the minister remarked.

Vaishnaw further underscored India’s ongoing ascent as a reliable global partner, attributing this momentum to comprehensive policy reforms in deregulation, digitization, and investment facilitation.

He noted that two additional semiconductor plants will soon commence operations, further strengthening India's role in the global chip manufacturing landscape, including the production of machines and materials for chips.

This holistic approach, he asserted, validates India's capabilities as a “complete product end-to-end”, attracting global confidence.

He also emphasized the ambitious “Telecom 100 labs” initiative and the expansion of the semiconductor talent development program, mentioning the 28 student-designed chips recently showcased to Prime Minister Narendra Modi.

Discussing the critical role of infrastructure, Vaishnaw, who also serves as the Railways Minister, elaborated on three major areas of capital expenditure in railways.

He highlighted a substantial enhancement in safety, with accidents decreasing from 170 to 31 per year, supported by an annual investment of Rs 34,000 crore.

The minister presented the new generation of railway rolling stock, including AMRIT Bharat trains for low-income families priced at just Rs 400, and progress on the bullet train project, with 300 km of viaduct completed and operations on track for 2027.

He also discussed India’s potential and innovation in emerging sectors such as artificial intelligence (AI), clean energy, and digital public infrastructure. The session concluded with the launch of PAFI’s inaugural book, titled “The Policy Pivot: Inside India’s Strategic Shift”, an anthology featuring 25 essays from public policy and public affairs experts.