The global economic balance has begun to tilt and new realities are coming to play. The key to growth is now shared between the emerging markets and developing economies. The world needs to develop new strategies and partnerships to lift global growth and support global rebalancing.
India cannot underestimate or overlook the rise of these new developments. It needs to take a considered view on the implications of their emergence. It should adopt a balanced approach and calibrated strategy not only to cope up with the changes but also to leverage these changes for its own growth and development as well as for the benefit of the world. The Indian economy is now universally viewed by analysts as a focal point for expanding growth in a global economy that remains fragile.
The publication was released against the backdrop of The Partnership Summit 2015, the annual flagship event of CII, organised in association with the Department of Industrial Policy & Promotion, Government of India and the Government of Rajasthan during 15- 17 January, 2015 in Jaipur.