India showcases growth vision at launch of ‘Viksit Bharat 2047: India-Kuwait Dialogues’

• Viksit Bharat 2047: India-Kuwait Dialogues” strengthens economic and intellectual ties between India and Kuwait through sustained strategic engagement.
• The inaugural session convenes policymakers, business leaders, economists and diplomats, signaling high-level bilateral interest.
• Ambassador H.E. Paramita Tripathi reaffims India remains the world’s fastest-growing major economy, with projections to reach a $5 trillion economy by 2030.
• India’s resilience attributed to strong domestic demand, prudent fiscal management, reform-oriented policies under the Union Budget 2026, and increased capital expenditure in infrastructure to drive long-term growth and investor confidence.

The Embassy of India in Kuwait has launched a new strategic engagement platform titled “Viksit Bharat 2047: India-Kuwait Dialogues,” aimed at strengthening economic and intellectual ties between the two nations.

The inaugural session was held at The St. Regis Kuwait and brought together policymakers, business leaders, economists and members of the diplomatic community.

The initiative is designed as a series of structured conversations that will present different dimensions of India — from economic policy and innovation to culture, entrepreneurship and creative industries — fostering deeper partnerships between India and Kuwait.

Future editions are expected to feature speakers from diverse fields including investment, technology, arts, cuisine, fashion, literature, sports and cinema.

The first talk, organized in collaboration with the Indian Business & Professional Council (IBPC) – Kuwait, featured renowned economist Dr. Rajat Kathuria, Dean of Shiv Nadar University, as keynote speaker.

The session, themed “India’s sustained growth: Despite a challenging global environment,” drew more than 100 participants.

In her opening remarks, Paramita Tripathi, Ambassador of India to Kuwait, highlighted India’s strong economic trajectory. She noted that India continues to be the world’s fastest-growing major economy, with projections to reach a five trillion US dollar economy by 2030.

The Ambassador emphasized the convergence between India’s long-term development roadmap, Viksit Bharat 2047, and Kuwait’s Vision 2035.

She said the alignment opens significant opportunities for co-investment, technology collaboration and policy exchange, potentially setting new benchmarks for South-South cooperation.

Delivering the keynote address, Dr. Kathuria outlined the factors underpinning India’s resilience amid global economic uncertainty. He pointed to steady GDP growth, stable macroeconomic fundamentals and prudent fiscal management as key drivers of confidence in the Indian economy.

He also analyzed India’s Union Budget 2026, presented in Parliament on 1 February, describing it as a reform-oriented roadmap focused on inclusive growth, fiscal discipline and long-term resilience.

According to Dr. Kathuria, the budget strengthens India’s attractiveness as an investment destination, including for Kuwaiti investors seeking diversified opportunities.

A major pillar of India’s growth story, he noted, is its vast consumer base and strong domestic demand, which have helped cushion the economy against global shocks.

At the same time, the government’s stepped-up capital expenditure — particularly in roads, railways, ports, airports and metro systems — is laying the foundation for enhanced private sector participation and sustained expansion.

The keynote was followed by an interactive question-and-answer session. Participants raised questions on how India plans to navigate global volatility, deepen structural reforms, improve ease of doing business and strengthen bilateral trade with Kuwait.

Discussions also focused on sector-specific opportunities in infrastructure, renewable energy, manufacturing and digital innovation.

Kaizar Shakir, Chairman of IBPC Kuwait, welcomed the reform-driven direction of the Union Budget 2026. He observed that its priorities align closely with Kuwait’s Vision 2035 and said deeper exploration of these complementarities could unlock new avenues for collaboration across economic and technological sectors.

The Embassy stated that the “Viksit Bharat 2047: India-Kuwait Dialogues” will serve as a long-term platform to stimulate informed discussions and strategic engagement between stakeholders in both countries. The initiative aims to support a shared vision of growth, innovation and sustainable development, reinforcing the evolving India-Kuwait partnership.