DAVOS 2023: India to remain a bright spot, says Niti Aayog CEO

At the ongoing World Economic Forum in Davos, Parameswaran Iyer, Niti Aayog CEO, tells Moneycontrol that India will continue to show resilience in the face of global headwinds. This, especially in light of the structural reforms such as GST, production-linked-incentives that have been undertaken.

Iyer says that he is confident India will remain a bright spot with the jobs scenario improving and inflation easing, however, warns, 'we need to be careful and cautiously optimistic'.

He went on to add that "India is open for businesses on a numbers of counts. In terms of our growth trajectory, our strong manufacturing and export performance, our incentivisation like the PLI scheme. So overall, India is one of the strongest foreign direct investment (FDI) destinations."

Commenting on the upcoming union budget, the Niti Aayog CEO said that budget 2023 will push growth further, create jobs and that MSMEs as well as the agriculture sectors would be a prime focus.