Nirmala Sitharaman: India’s Path To Unique Economic Rise & Steepest Rise In People's Quality Of Life

In a significant address at the third edition of the Kautilya Conclave 2024, Finance Minister Nirmala Sitharaman outlined a transformative vision for India's future, emphasizing a period of unprecedented improvement in the quality of life for its citizens. Sitharaman stressed that India's economic rise will be unique, shaped by the changing global landscape. Unlike the early 2000s when emerging markets like China benefitted from favorable global trade conditions, India must now focus on developing domestic capacity for sustainable growth. She set ambitious goals for doubling per capita income for India’s 1.4 billion population. Furthermore, she emphasized the importance of addressing the challenges posed by legacy emissions from developed nations while managing India's energy transition. As India strives towards becoming a "Viksit Bharat," Sitharaman called for the guidance of thought leaders and experts to navigate the complexities of policy-making for sustainable development.