Dalian, June 23: India is poised to remain one of the fastest-growing economies in the world, with agriculture and technology playing crucial roles in its development. This statement was made by experts during the World Economic Forum’s ‘Annual New Champions Meeting,’ also known as ‘Summer Davos,’ on Tuesday.
In an interview, Mirek Dusek, Managing Director of the World Economic Forum, expressed confidence in India’s economic growth prospects, labeling the country as one of the most significant and rapidly expanding economies globally.
Dusek stated, “India is making a vital contribution to global growth rates, and we expect the Indian economy to continue its rapid expansion in the coming years.”
He noted that the Summer Davos meeting has brought together innovators, technology leaders, policymakers, and business executives from around the world to foster collaboration and find solutions to global challenges.
Additionally, Dusek highlighted that emerging technologies such as artificial intelligence, advanced manufacturing, and digital platforms have the potential to enhance productivity and support global economic growth.
In a separate discussion, Professor Rattan Lal, a Padma Shri awardee and distinguished professor of soil science at Ohio State University, remarked, “India is on the path to becoming the world’s third-largest economy, and agriculture will play a vital role in this growth.”
He emphasized the importance of improving soil health and promoting sustainable land management practices to boost agricultural productivity.
Lal also discussed the potential of new emerging technologies to transform Indian agriculture. He mentioned that artificial intelligence and digital tools can make soil testing faster, cheaper, and more accessible for farmers, enabling them to make informed decisions and increase crop yields.
The Summer Davos event commenced on June 23 and will conclude on June 25. Global leaders from business, government, academia, and international organizations have gathered to discuss the future of innovation, entrepreneurship, and economic development.
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