World Views India as a Trusted Value Chain Partner: Vaishnaw at Davos
He noted that India’s steady progress and strong democratic system have made it a preferred destination for those seeking a trusted place to invest in sustainable growt
Davos: Union Minister Ashwini Vaishnaw on Wednesday said that international investors at the ongoing summit in Switzerland are clearly calling India a “bright spot.” He noted that India’s steady progress and strong democratic system have made it a preferred destination for those seeking a trusted place to invest in sustainable growth.
Discussing the outcomes of his meetings with investors, Vaishnaw said that India is being seen globally as a reliable value-chain partner. In a turbulent global environment marked by uncertainty, he said India stands out as a stable economy, a vibrant democracy, and a country with sustainable growth prospects.
Sharing feedback from global panels, the Minister added that in nearly every discussion at Davos, participants highlighted India as a bright spot in the world economy.
Union Minister of Electronics and Information Technology Ashwini Vaishnaw further said that India is expected to grow at six to eight per cent in real terms and 10 to 13 per cent in nominal terms over the next five years.
Speaking at the session titled ‘Bet on India – Bank on the Future’, organised by the Confederation of Indian Industry (CII) in association with EY alongside the World Economic Forum (WEF) 2026, Vaishnaw highlighted the government’s continued focus on ease of doing business.
He said that simplifying permissions has been a key reform, citing the example of telecom tower approvals, where the average time has been reduced from 270 days to just seven days. He added that 89 per cent of such permissions are now issued in zero days.
The Minister also stressed the importance of bridging the gap between intent and implementation, and called for better communication of challenges within industry. He highlighted the need to standardise data localisation norms across the US and Europe.
Rajiv Memani, President of CII and Regional Managing Partner for the Africa-India Region at EY, called for increasing India’s per capita income by at least five times by 2047.