"India can be the engine of global growth," says FM Sitharaman

Speaking at the Business Standard Manthan on Thursday of the event, she asserted that India must prioritize investment in technology and talent to secure its position at the forefront of global economic growth.

"In matters of technology, India can be a leader in many aspects as we do it on a population scale. India can lend a hand to global tech group on this. Global technology group with India's steam can play a big difference," Sitharaman said.

"India has to prioritise investing in technology. India can play talent to its advantage, which is required for technology going. India can be the engine of global growth" she added.

She further underlined the importance of investing in people to ensure technological mastery, which she believes will place India in a leadership position in a rapidly evolving global order.

FM said, "I would think Global technology group with India's if anything leadership or India's team can play a big difference across the world and that is where India should be steady and clear minded.

So technology is an area which is rapidly changing, countries want to have it, countries want to benefit from it, at the same time cost of technology is just so big that not every country can manage to have it service them, let alone, advancing in them."

She added, "India has to prioritize on investing in technology, investing in people to have that mastery over that technology and it is that which is going to place India in a leadership position in a global order which needs participation of very many countries to set the order in place."

Highlighting India's role in shaping the future of the global economy, Sitharaman remarked, "India's technology will put us at the high table. We have just completed the first quarter of the first century in the new millionaire and clearly we are looking at a totally different world coming rather sooner than we can expect." (ANI)