India growing when world is in stress, says CII president-designate

Puri stressed the need for inclusive and sustainable growth which is important to create livelihoods.

Leading industry body CII's president-designate, Sanjiv Puri, stated that India is expanding during a stressful time in the world. Puri, who is also the chairman and managing director of ITC Limited, stated that the current period is intriguing while speaking at an event held here on Friday night.

Puri stated that India has a vast skill pool and many opportunities. "The world is looking at us so far as supply chain and digital transformation are concerned. India also has the advantage of the demographic dividend", he added. He said big opportunities lay both in services and manufacturing. "The country needs to harness these opportunities. Reforms agenda to accelerate and enterprises need to play competitiveness", Puri said.

"CII has a rich legacy built over decades. We will certainly be looking forward to contributing to the growth of the economy and industry", Puri said. He said "This is also an interesting moment because this is India’s moment. There has been numerous policy interventions made internally, and the global factors which give us the tailwinds. The country is growing at a time when the world is at stress."

"Industry can survive when society thrives. Decarbonisation will address the issue the climate change but will take time. Enterprises and government need to work together", he said. Puri also emphasised that in order to generate jobs, growth must be inclusive and sustainable.