Davos 2023 | PLI, GST-like reforms to help India remain a bright spot: Niti Aayog's Param Iyer

The Niti Aayog CEO said that he is confident that India will continue to remain a bright spot as jobs have improved and inflation has balanced, however, "we need to be careful and cautiously optimistic", he said.

In terms of India's contingency at the WEF, Iyer said that at a time of India's G20 presidency, there is a very large contingent with four ministers from the government and several personalities from the private sector.

"India is open for businesses on a numbers of counts. In terms of our growth trajectory, our strong manufacturing and export performance, our incentivisation like the PLI scheme. So overall, India is one of the strongest  foreign direct investment (FDI) destinations," Iyer said.

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He added that India continues to shine bright while stepping out of the pandemic blues, Russia-Ukraine uncertainty, and other global headwinds and that a "lot of countries and businesses are counting on India to succeed".

The chief of the government think-tank also highlighted that Budget 2023 will push growth further and create jobs, and MSMEs along with the agriculture sector will be a prime focus in the Budget.