Global confidence in India rising amid next-gen reforms: Vaishnaw

New Delhi: Global confidence in India is rising, and next-generation reforms such as the recent GST restructuring and the rapid expansion of India's digital infrastructure are enabling stronger domestic and international partnerships, essential for achieving the vision of a developed India by 2047, Union Electronics and IT Minister Ashwini Vaishnaw said on Thursday.

Addressing the Public Affairs Forum of India (PAFI) event here, the minister underscored India’s growing role and aspirations in the evolving multipolar world order.

"India’s growth story is not just consistent; it is accelerating with greater confidence. We are moving from a 95 per cent to a 98 per cent confidence interval on growth, with inflation under control and a nominal growth trajectory of 9-13 per cent," Vaishnaw told the gathering.

India’s achievements in semiconductors - from producing 'Made in India' chips to designing world-class 2 nanometre technology -- demonstrate global confidence in our capabilities, he mentioned.

Simultaneously, reforms in income tax and GST, coupled with strong capex and talent development, are driving a virtuous cycle of consumption, investment, and employment.

"These foundations ensure that India’s growth story is both resilient and transformative," the minister noted.