Harsh Vardhan Shringla, Deputy Foreign Secretary of India, emphasized that the Indian economy has returned to a high-growth trajectory and gross domestic product (GDP) has grown by more than 20% in the first quarter of the current fiscal year.
In a speech entitled “Bharat @ 75: Empowering India: Today for Tomorrow” at the Indian Chamber of Commerce’s annual meeting in Kolkata, the Foreign Minister also said that it was happening in the midst of economic change. It is called “rebalancing” that says there is. “The very high growth rates of Asian countries, including India, have moved the center of the world’s economic gravity towards Asia,” said the Foreign Minister.
“This has geopolitical and geopolitical consequences. The Indo-Pacific region, which stretches from the American coast to the east coast of Africa and includes the Indian Ocean region, is now a major focus of global attention. It produces almost 60%. It also contributes to 70% of the world’s economic production. ” He also mentioned India’s expanding role in the Indo-Pacific. This includes its role as a network security provider in the region.
The Foreign Minister emphasized India’s economic growth trajectory, despite difficult times, and added that the post-pandemic economy would be significantly different from what it is today.
“At the time this chamber of commerce was founded, India’s involvement in world affairs would have been just a desire. India was still a target country, independent and a distant dream. Independence, partition Trauma, and emerging nations, were in the future. “