India is in a excellent place proper now and the worldwide geopolitics is in the nation’ favour, Infosys co-founder and chairman Nandan Nilekani stated on Monday. Speaking to Moneycontrol, Nilekani — who has performed a key position in shaping a number of authorities initiatives starting from UPI cost rail to FASTag to GST to ONDC to Account Aggregator — stated India goes to have a demographic dividend and would be the solely younger nation in an growing old world.
“My fundamental thesis that India is going to have a demographic dividend, that India will be the only young country in an aging world, that China will start aging in 2015-16 is coming true. I think India is in a very, very good position right now,” he stated in the interview because the nation celebrated 75 years of Independence on Monday.
“Because of the demographic dividend, you will have more working age people than either old people or young people. And once you have that, automatically, it will lead to economic growth, provided you create enough jobs for them. So, we have to execute on that. But if we can create enough jobs for them, then we’ll have many, many years and even decades of economic growth, which will then lead to better lifestyles, reduction of poverty, people becoming wealthier, and so on. So, I think there’s a whole economic growth story,” Nilekani stated.
But this time, we’ll do it in a very equitable method, he added. “Because this is not a resource-based growth we’re going to have, it’s not about selling our oil, or coal or whatever is going to come because people, human beings, will get educated, get jobs and earn money, and it will happen at the population scale. So, it’ll be equitable growth for everybody.”
Speaking about India’s current and future, considering the the financial, social, political modifications in the final decade, Nilekani stated the worldwide geopolitics is in our favour. “The fundamental thing is that you are looking at a decade or two of economic growth, which is equitable, you’re going to pull out many, many more people from poverty. And so I think it’s good and the global geopolitics is in our favour. I think it’s a great place to be and we just have to execute well, and make sure that we actually meet the aspirations of all the people,” the Infosys chief stated.
India can be set to play a huge position in manufacturing, Nilekani commented. “Covid and geopolitics have made people think of China plus one strategy. So, they’re looking at other alternatives in the supply chain. India happens to be a huge market. I think the PLI scheme is very well designed, infrastructure is improving dramatically, with roads, ports, airports, and so on. So yes, I think manufacturing will improve a lot.”
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