New Dehi: World Economic Forum (WEF) President Borge Brende has expressed immense confidence in Indias economic trajectory, foreseeing the nations ascent to a $10 trillion economy. Highlighting Indias pivotal economic reforms, Brende emphasized that the country is on track to become the worlds third-largest economy, following the United States and China.VIDEO | Heres what World Economic Forum (WEF) president Borge Brende (@borgebrende) said when asked about his views on Indias economic goals - to become the third largest economy and a developed nation by 2047.India is on track to become a $10 trillion economy in the coming… pic.twitter.com/VzD20qB2PW— Press Trust of India (@PTI_News) February 22, 2024Unmatched optimismBrende lauded India for embodying a sense of optimism unparalleled in todays fragmented and polarized world. He underscored Indias remarkable allure on the global stage, evident from the substantial interest it garnered during the recent Davos summit. This trend is expected to persist, buoyed by increased foreign direct investment and a burgeoning domestic manufacturing sector.Diplomatic prioritiesAs India focuses on fostering secure economic growth, poverty alleviation, and prosperity, Brende anticipates a significant expansion of Indias influence on the global diplomatic arena. The countrys steadfast stance amidst geopolitical tensions, notably in regions like Ukraine and the Middle East, reflects a measured approach to international affairs.Embracing digital innovationBrende commended Indias robust digital public infrastructure, highlighted by the widespread adoption of digital identification and banking systems. However, he also sounded a note of caution regarding emerging technologies, particularly the risks associated with generative AI, which could manifest in the form of deepfakes and cyberattacks.Vigilance against technological threatsAcknowledging the substantial economic losses incurred globally due to cyberattacks, Brende urged vigilance in safeguarding against potential threats posed by evolving technologies. With over $2 billion pilfered from the global economy last year alone, proactive measures are imperative to mitigate risks and ensure the integrity of digital systems.
