India's Rising Global Influence: Trust, Technology, and Trade

India is strengthening its position as a reliable partner in global geopolitics, maintaining robust economic growth. Rajan Bharti Mittal notes India's pivotal role in technology and its burgeoning startup ecosystem. Focus areas include AI integration, manufacturing innovations, and key trade agreements, with optimism for further economic reforms.

India continues to solidify its reputation as a dependable ally in the global geopolitical arena, sustained by a stable economic growth rate of six and a half to seven percent, says Rajan Bharti Mittal, Vice Chairman of Bharti Enterprises. Speaking at the World Economic Forum in Davos, Mittal highlighted India's strategic importance as global entities integrate the nation into their worldwide plans, particularly in technology applications, chip manufacturing, and the expansion of data centers.

Mittal emphasized India's role as a trustworthy partner, a significant asset amidst current global dynamics. Interest in India's diverse sectors remains high, he noted. With the country now hosting the world's largest startup ecosystem and numerous Global Capability Centres, Mittal asserted that India will define its trajectory, particularly in AI development and applications.

Mittal highlighted the integration of Artificial Intelligence in telecommunications, enhancing customer experience by eliminating unsolicited communications. Bharti deploys AI to eliminate spam, ensuring customers are undisturbed. AI tools are set to improve customer service, aligning with emerging consumer needs.

In the manufacturing sector, Mittal identified key development areas like pharmaceuticals, biosciences, space technologies, and defense. He stressed the need for increased power consumption to support data centers, advocating for renewable and nuclear energy. Legislative advancements could see the introduction of mini-nuclear power generators to support ongoing industrialization.

Optimism persists regarding the India-EU trade agreement, with constructive dialogue moving both parties toward a resolution. Mittal suggested it would enhance technology sharing and market access for India. Any US trade deal must be mutually beneficial, he stated, emphasizing the protection of farmers and small manufacturers.

Anticipating the upcoming budget, Mittal foresees the continuation of economic reforms and sector openings. While geopolitical tensions have prompted cautious capital expenditures, spending in specific sectors is visible. Mittal remains confident in India's path forward, anticipating further stimulus to the private sector's investment activities.

(With inputs from agencies.)