Economy

Vibrant Gujarat Summit: A Vehicle for India's Economic Growth

Published January 11, 2024

The Vibrant Gujarat Global Summit has garnered high praise for harnessing India's growth potential and presenting it to the world. Inaugurated by Prime Minister Narendra Modi, the summit drew the attention of international heads of state and top business executives, all of whom share a positive outlook on India's economic narrative, especially as demonstrated by forward-looking states like Gujarat.

A Future Driven by Investment

ASSOCHAM President, Ajay Singh, spotlighted India's current standing as the world's fifth largest economy and its trajectory toward becoming the third largest. He indicated that this exciting growth would be propelled by investments in key sectors such as manufacturing, renewable energy, artificial intelligence, semiconductors, and major infrastructure endeavors.

Showcasing a New India to the World

The 10th edition of the Vibrant Gujarat Global Summit is seen as a platform revealing a new India, one that is poised as a beacon of hope amid global economic and geopolitical challenges. The presence of international dignitaries and corporate leaders at the summit underscores India's intention to significantly contribute to global growth. With the Prime Minister leading the representation of India's 1.4 billion citizens, there's a clear message of ambition and solidarity from a country on the ascent.

Building on the summit's theme ‘Gateway to the Future’, the Prime Minister's address, as mentioned by former president of ASSOCHAM, BK Goenka, emphasizes India's goal of engaging with world economies for mutual gains, in line with their 'Vishwa Mitra' or 'Friend of the World' approach.

Gujarat's rise as a favored investment hub is also highlighted as a pivotal factor in driving the state's economic growth, according to Chintan Thakkar, Co-chair of the Gujarat Development Council. He maintains that events like the Vibrant Gujarat Global Summit are instrumental in drawing investments and building partnerships that benefit the state economically.

Gujarat, Economy, Investment