Union Minister Ashwini Vaishnaw has urged German companies to invest in India, highlighting the country’s political and economic stability. Speaking at the TV9 Global Summit in Stuttgart, he noted that India is growing at 6-8 per cent and is set to maintain this growth for years.

Ashwini Vaishnaw encouraged German companies to include India in their supply chains, highlighting the presence of over 1,800 global capability centres and a skilled IT talent pool.

He emphasised that India offers political and economic stability, citing its success despite global democratic turmoil.

Vaishnaw noted that India has a healthy balance sheet, with 57% of GDP debt much lower than other large economies.

He attributed India’s success to a clear strategy and meticulous execution, not mere coincidence.

India’s growth strategy focuses on four pillars: public investment in infrastructure, inclusive growth programs, manufacturing and innovation, and simplified legal and compliance structures.

Under Prime Minister Narendra Modi, the government believes in “minimum government, maximum governance,” having repealed over 1,500 outdated laws and removing 40,000 unnecessary compliance requirements.

New laws like the Digital Personal Data Protection Act and the Telecom Act provide a transparent framework for the digital economy.

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