India can emerge as dominant force: WEF chief

India can emerge as dominant force: WEF chief

Agency News

New Delhi, Oct 3: Stating that compared to global situation, the economic outlook for South Asia continues to be strong, prominent Norwegian politician and President of World Economic Forum Borge Brende has said that "steered by a decisive leadership" India becoming a leader in environment security and climate change mitigation.

"India’s commitment to renewable energy through voluntary and ambitious renewable power capacity targets, a lead role in the Paris Climate Agreement negotiations and the International Solar Alliance shows its aspiration of becoming a leader in environmental security and climate change mitigation," Brende wrote in an article for website 'Narendra'.

The article link has been shared by Prime Minister's Office on its twitter handle.

The article states that - "India has undertaken groundbreaking structural reforms mirroring its growth ambitions and development priorities" and also adds - "Initiatives aimed at revamping India’s restrictive business regulations have already borne fruit".

India’s 65-place leap in the World Bank’s Ease of Doing Business rankings demonstrates an improved business climate and expounded investor confidence, he says.

"With half of its population of working age, India has a unique demographic advantage. Climbing to 52nd spot in this year’s Global Innovation Index, India is one of the few countries to have consecutively improved its rank for nine years".

In Asian context, he also said: "Especially noteworthy is the economic outlook of the region’s largest economy, India. With its GDP growth projected to again accelerate to 7.5 per cent in the next few years, India continues to be one of the world’s fastest-growing major economies'.

India’s has been a dramatic rise, deserving of the global attention that it has commanded. The stage is set for India to realize its vision of becoming a $5-trillion economy in the next half-decade and $10-trillion economy in the next decade-and-a-half and to assist in appeasing the woes besetting the world economy, writes Brende.

"Steered by a decisive leadership, India is rising to the occasion through a significantly enlarged global profile," he says. (UNI)