Davos, Jan 22 (NationPress) India is rapidly positioning itself as a formidable global power hub, propelled by its extensive young population, flourishing economy, and an evolving innovation ecosystem, asserted global industry experts on Thursday.

During discussions with IANS at the World Economic Forum, business leaders emphasized India’s increasing role in worldwide economic advancement and its capacity to draw substantial long-term international investments.

Tu Chang, Founder of the Forum for Business in Taiwan, shared a global viewpoint, stating that India’s demographic edge makes it one of the most significant economic influencers globally today.

“India is on its way to becoming a robust global power hub. With its vast and youthful population, it presents enormous potential for growth and innovation,” Chang remarked.

He further noted that India is already recognized as a critical player in global economic expansion and is expected to continue this trend in the forthcoming years.

Chang mentioned that the World Economic Forum is addressing various issues this year, including sustainable development, capital flows, investments, and political challenges, all of which are intricately linked to economic progress.

“The country’s demographic advantage and burgeoning economy are pivotal factors that will lure more international investments,” he elaborated.

He also commended Prime Minister Narendra Modi’s leadership, highlighting the Indian government’s vigorous efforts to enhance economic performance.

“India’s youthful workforce is a considerable asset, and under Prime Minister Modi’s guidance, the nation is well-prepared to excel in the years to come,” Tu Chang added.

Milind Pimprikar, Founder of Caneus International, remarked that this year’s discussions at the World Economic Forum are centered on responsibly scaling technologies.

Pimprikar mentioned that Caneus collaborates with the Government of Maharashtra and the Government of India to establish a new framework that aids startups and deep-tech innovations transition from development to large-scale commercialization.

“Today at the World Economic Forum, the focus is on how to scale technologies responsibly,” he stated.

“Through our collaboration with the Government of Maharashtra and India, we are proposing to create a so-called mid-technology readiness level to advance these technologies and startups to the next phase,” Pimprikar informed IANS.

Pimprikar explained that this partnership aims to introduce a “mid-technology readiness level” that will facilitate promising technologies and startups in attaining the next stage of growth.

He added that an agreement was signed with the Maharashtra Chief Minister to create an institute dedicated to the commercialization of deep technologies, which will promote innovation-driven growth in India.

“India’s robust economic momentum, advancing infrastructure, and mature business ecosystem make it a highly appealing destination for global investors,” commented Frank Meehan, co-founder of Frontier One, Australia.