In a stirring address at the AIMA National Leadership Conclave in New Delhi, Shaktikanta Das, Principal Secretary to the Prime Minister, proclaimed India’s unmatched ability to turn global crises into opportunities for growth. Far from being mere survivors, Indians have reinvented themselves stronger after every setback.
Das recounted how the nation has consistently advanced despite hardships. ‘Every crisis tested us, but we came out more robust,’ he said, pointing to a track record of perseverance and adaptation.
The global economy faces headwinds from geopolitical strife, supply bottlenecks, and lopsided development, with downside risks dominating. Against this backdrop, India’s economy shines brightly, achieving 7.6 percent GDP growth in the recent fiscal year and averaging 7.8 percent over five years.
Key pillars include steady macroeconomic policies, infrastructure investments, and resilient domestic consumption. Das highlighted inflation control as critical, noting its disproportionate impact on vulnerable sections. Stable prices enhance affordability and economic steadiness.
During tough times, India deployed calibrated fiscal and monetary tools, scaling them back judiciously to avoid distortions. Transformative changes—digital acceleration, infra boom, and sectors like semiconductors—are driving long-term momentum.
Globally, strategic independence paired with diversified alliances has minimized dependencies. Das’s vision positions India as a beacon of stability and progress in a volatile era.
