India's Economic Growth Fueled by Young Workforce, Digital Innovation, and Global Manufacturing Aspirations.
The Deputy Governor of the Reserve Bank of India addressed the Financing 3.0 Summit, highlighting India's potential for economic growth driven by a young workforce, digital innovation, and aspirations to become a global manufacturing hub. He emphasized the critical role of finance in achieving these goals, discussing the interplay between financial sector development and economic growth. Key areas identified for investment include infrastructure, MSMEs, skilling, climate initiatives, and digitalization. The address underscored the need for a robust financial system, diverse financing sources, and external investments to support India's development trajectory towards becoming an advanced economy.