By TIOL News Service

DUBAI, OCT 02, 2021: AT a time when the whole world is coming together to recover from the pandemic and bring growth back on track, a resurgent India is ready to take on the responsibility of being the frontrunner in this revival process, said Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Government of India, Piyush Goyal.

The Minister was inaugurating the India Pavilion at Expo 2020 Dubai, which will showcase India's vibrant culture, along with the diverse partnership opportunities that the country is capable of offering. 

“The reforms unleashed in the last seven years by the government under the guidance of Prime Minister Narendra Modi, and especially during the Corona period, are set to boost the country's manufacturing and exports potential and make India a global economic hub, besides strengthening its capabilities in the technology space. India is already a leading player in the global markets in IT, Pharma and space technology, and with the development of research and innovation capabilities, the country's prowess in these areas would help reap the benefits of new-age technologies like Artificial Intelligence (AI) and Robotics,” said Goyal. 

He added that the lessons learnt from the pandemic have also emboldened India's confidence of surpassing any challenge in future with the help of scientific and entrepreneurial research and development capabilities - whether it is development of pharma and healthcare products or running of the world's biggest vaccination program banking on the two indigenously produced vaccines, India has set several examples.

“From here, productivity will play a big role in achieving a sustained high growth phase, that India has already embarked upon, leaving behind the impact of Corona - GDP growth in the first quarter of FY22 at a record 20.1% against the contraction of 24.4% in the same quarter of FY21 is not only signaling a strong revival but also the potential for economic rebound in a big way, and grow at a rapid pace. We have a huge advantage in our young populace, and with the help of the New Education Policy (NEP), and its focus on skill development, the productivity levels in the country are set to rise substantially to support the growth objectives,” Goyal said.