World watches as In­dia sets the pace

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE -

In a na­tion’s history, there are some pe­ri­ods that stand out from the rest. By most in­di­ca­tions, In­dia to­day ap­pears to be on the cusp of a trans­for­ma­tion.

In­dia’s is the world’s fastest grow­ing ma­jor econ­omy out­pac­ing China. When many parts of the de­vel­oped world are strug­gling to not slip back into con­trac­tion, In­dia is pulling ahead at about 8% and is set to re­gain its lost sta­tus as an en­gine of global growth.

Over the last sev­eral months there has been a flurry of re­formist moves and the gov­ern­ment has am­ply demon­strated its in­tent to walk the talk on turn­ing In­dia into a pre­ferred global in­vest­ment des­ti­na­tion.

The world is peer­ing into In­dia with op­ti­mism that it will re­main an is­land of global growth, help­ing steady the world econ­omy. Yet, there are chal­lenges. Cre­at­ing jobs, for in­stance, for the mil­lions of young peo­ple that join the work­force ev­ery year is one of the fore­most hur­dles that suc­ces­sive gov­ern­ments have strug­gled to sur­mount. A pro­duc­tive job is the best form of in­clu­sion.

The rise in or­gan­ised terror strikes is among the other dy­namic vari­ables that could in­flu­ence the po­lit­i­cal and eco­nomic di­rec­tion of many na­tions. In a highly in­te­grated world, In­dia can­not af­ford to keep its eyes away from the emerg­ing geo- po­lit­i­cal cal­cu­lus.

At home, there is a vast un­fin­ished re­forms agenda that needs to be ac­cel­er­ated. This will re­quire bi- par­ti­san par­lia­men­tary sup­port, some­thing that has been miss­ing, and a be­nign po­lit­i­cal en­vi­ron­ment.

The 13th Hin­dus­tan Times Lead­er­ship Sum­mit to be held on De­cem­ber 4- 5 in New Delhi will bring to­gether a galaxy of lead­ers and ex­perts from the gov­ern­ment and the world of pol­i­tics, sports, en­ter­tain­ment and strate­gic af­fairs to share their in­sights un­der the broad theme “Can In­dia be the World’s Bright Spot?”

There could not have been a bet­ter time to ask this ques­tion.

Ed­i­tor- in- chief

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.