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

NITI Aayog's 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 added.

January 16, 2023 / 12:19 PM IST
World economic forum

World economic forum

India will continue to be a bright spot growing at 6.8 percent, showing its resilience in the face of global headwinds, said Parameswaran Iyer, chief executive officer (CEO) of Niti Aayog.

In an exclusive conversation with Moneycontrol at the the World Economic Forum (WEF) 2023 annual meeting, held in the Swiss ski resort town Davos, Iyer said that the government has undertaken a number of structural reforms in the last few years such as the Insolvency and Bankruptcy Code (IBC), Production-Linked Incentive (PLI), and Goods and Services Tax (GST) - which will keep the India economy in good stead.

Also Read: Davos 2023: India saw record foreign investments in last 8 years, says Invest India's Deepak Bagla

The most recent report by the International Monetary Fund (IMF) has pegged India to be a bright spot in an increasingly gregarious global environment and India is in a better position to deal with global headwinds than many other countries, as per the World Bank.