Public investment a driving force behind India’s growth: Ashwini Vaishnaw

New Delhi: Public investment in social, digital and physical infrastructure is a key pillar driving India’s growth, transforming sectors and building vital foundations for economic progress, said Ashwini Vaishnaw, union minister for electronics and IT, railways, and information and broadcasting, in New Delhi on Thursday.

“It is building the foundations of the country, whether it is the foundation in education, in healthcare, in ports, in airports, in highways, railways – close to ₹11 lakh crore rupees investment is being done,” said Vaishnaw, while speaking at summit. Investment in such infrastructure delivers a 3.6 times benefit to the economy, generating employment, improving efficiencies and producing a sustained growth phase, he said.

Further, the “India Stack” is seen as a global example, he said, adding that the entire global South as well as developed countries are willing to integrate India’s digital innovations in areas like payments, with UPI even being patented in Japan.

On the question of US President Donald Trump’s tariff moves, the minister said that India has many inherent strengths. The government is handling the situation and India will come out strong.