Maruti Suzuki Chief: India Proves Democracies Can Drive Rapid Economic Growth

Maruti Suzuki India Chairman R C Bhargava praised India's ability to combine rapid economic growth with a democratic political system. Speaking at the company's Annual General Meeting, he lauded democratic processes for creating a more equitable society and expressed confidence in industry's role in achieving India's development goals by 2047.

In a strong endorsement of India's political and economic framework, Maruti Suzuki India Chairman R C Bhargava stated that the nation has effectively dispelled doubts about the compatibility of rapid economic growth and a democratic system.

Speaking at the company's virtually-held Annual General Meeting, Bhargava highlighted the resilience of India's democratic processes, which he believes will continue to foster a more equitable society. He cited recent general elections as proof of India's commitment to peaceful governance.

Bhargava emphasized that trust and collaboration between industry and government are crucial for India's ambition to become a developed country by 2047. He noted that consistent government policies are pivotal for sustained high growth and inclusive development.

(With inputs from agencies.)