Latest news with #PratikMathur
NDTV
07-06-2025
- Business
- NDTV
India Poised To Become Third Largest Economy: Consul General In Shanghai
Quick Read Summary is AI generated, newsroom reviewed. India is poised to become the world's third-largest economy, driven by a young population and significant reforms like the 'Make in India' initiative. With a projected GDP growth to $30 trillion by 2047, it is positioned as a global manufacturing hub. India is uniquely positioned to emerge as a global economic powerhouse, potentially overtaking Germany to become the world's third-largest economy, according to Pratik Mathur, India's Consul General in Shanghai. Speaking at the annual Consul Generals and CEOs Business Forum in Shanghai on Friday, Mr Mathur said India is primed to benefit from the next Industrial Revolution and breakthroughs in artificial intelligence. 'It's a great time to be in Asia, especially India,' Mr Mathur said, addressing an audience of business leaders and diplomats. 'We are the world's largest and fastest-growing democracy, with a significant population from the lower to middle class that is educated, aspirational, and hungry for consumption.' #MakeinIndia #IndianCompaniesGoGlobal CG @PratikMathur1 today participated in the annual Consul Generals and CEOs Business Forum in Shanghai and spoke about the innovation and investment opportunities offered by the 🇮🇳 Growth Story. There was large scale interest amongst the… — India In Shanghai (@IndiaInShanghai) June 6, 2025 In a speech later published on the Consulate's official website, Mr Mathur noted that India's current GDP, estimated at USD 4 trillion, is projected to grow nearly eightfold to USD 30 trillion by 2047. He emphasised that this trajectory is bolstered by India's demographic advantage, with a large and youthful population forming the backbone of its economic potential. Mr Mathur attributed this rapid growth to a combination of policy initiatives and structural reforms, particularly the government's 'Make in India' campaign launched in 2014. The initiative aims to position India as a global manufacturing hub through a suite of incentives, including concessional loans, tax rebates, and the Production Linked Incentive (PLI) scheme. India is now ensuring that its manufacturing sector can compete on a global scale, Mr Mathur said. He pointed to sectors such as mobile phone manufacturing, automotive, steel, pharmaceuticals, and food processing as areas of growing strength. 'The results are already visible. India is now the second-largest mobile phone manufacturer in the world after China, having shipped over 2 billion devices between 2014 and 2022 at a compound annual growth rate (CAGR) of 23%.' Highlighting the improvement in India's business environment, Mr Mathur noted that the country has climbed 80 spots in the World Bank's Ease of Doing Business index in recent years. He said that the recent measures taken by the government are indeed revolutionary, promoting indigenisation efforts in ship building, private participation in nuclear power sector, while at the same time underscored the government's efforts to boost domestic consumption by offering tax relief to India's burgeoning middle class — currently estimated at 400 million people and regarded as one of the largest globally. Concluding his remarks on an optimistic note, Mr Mathur said: 'It is not only India's decade — it is India's century.'
Time of India
07-06-2025
- Business
- Time of India
India uniquely placed to benefit from breakthroughs in AI: Indian CG, Shanghai
India, as an IT superpower, is uniquely placed to benefit from breakthroughs in AI and is set to emerge as the third-largest economy, India's Consul General of Shanghai Pratik Mathur said on Friday. Mathur, speaking at an annual Consul Generals and CEOs Business Forum in Shanghai, said, "It's a great time to be in Asia, especially India. We are the world's largest and fastest growing democracy with a significant population in the lower to middle class that's educated, aspirational and hungry for consumption." India is uniquely placed to benefit from the heralding of industrial revolution 4.0 and breakthroughs in artificial intelligence (AI), he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 목구멍 끓는가래까지 녹여낸 [국내1%] 마신 즉시 "기관지염/가슴통증"까지 벗어나~ 목구멍 가래·기관지 복구법 Undo India's economy, which is currently $4 trillion, is expected to be close to $30 trillion by 2047 and the country also has the advantage of younger demographics, Mathur said in his speech posted on the Consulate's website. Just a few days ago, India overtook Japan to become the fourth-largest economy in the world and is expected to soon overtake Germany to become the third-largest economy, he said. Live Events The economic growth spurt in India can be traced to several proximate factors. For starters, the Government of India launched the Make in India programme in 2014 for promoting India as a manufacturing hub and rolled out various incentives such as concessional loans, tax rebates as well Production Link Incentives scheme (PLI), he said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories "The results are already visible. India is now the second largest mobile phone manufacturer in the world after China with over 2 billion phones shipped between 2014-2022 with an annual CAGR of 23 per cent," he said. The recent measures taken by the government are indeed revolutionary, promoting indigenisation efforts in ship building, private participation in nuclear power sector, while at the same time boosting the consumption-based economy by giving tax breaks to a 400 million strong middle class, arguably one of the largest in the world, he said.
India Gazette
01-06-2025
- Politics
- India Gazette
Rabindra Jayanti: Indian Consulate in Shanghai honours victims of Pahalgam terror attacks
Shanghai [China], June 1 (ANI): The Consulate General of India in Shanghai, Pratik Mathur on Sunday observed Rabindra Jayanti with a solemn pledge ceremony to honour the victims of the Pahalgam terror attacks. The ceremony reaffirmed India's commitment to fighting terrorism with a zero-tolerance approach. In a post on X, the Consulate said, 'On Rabindra Jayanti, a solemn pledge ceremony was held at Consulate General of India today to remember and pay homage to the victims of the Pahalgam terror attacks. CG Pratik Mathur reaffirmed our firm national resolve to fight terror with a zero tolerance approach as the nation has clearly manifested with Operation Sindoor. Jai Hind! Jai Bharat!' In the context of Operation Sindoor and India's continued fight against cross-border terrorism, seven all-party delegations are visiting key partner countries, including members of the UN Security Council. The all-party delegations will project India's national consensus and resolute approach to combating terrorism in all forms and manifestations. They are carrying forth to the world the country's strong message of zero-tolerance against terrorism. Members of Parliament from different parties, prominent political personalities, and distinguished diplomats are a part of each delegation. However, India has not sent any delegation to China. Meanwhile, on May 30, a Chinese Defence Ministry spokesperson, Zhang Xiaogang, refused to provide any details on the effectiveness of Pakistan's weapons during the recent military confrontation with India, sidestepping direct answers and instead urging both sides to remain calm, Global Times reported. This comes amid reports of India recovering an unexploded PL-15E missile, a Chinese-made beyond-visual-range air-to-air missile. Speaking at a regular Thursday press briefing, spokesperson Zhang Xiaogang emphasised China's hope that both sides will remain calm and restrained to avoid further complicating the situation. When asked for the ministry's comment on the performance of Chinese equipment in the recent India-Pakistan conflict, and on the remarks by Indian military officials that 'Pakistan received support from China's air defense and satellite systems, but the performance of these systems was below average,' Zhang said, 'We would like to stress that India and Pakistan are neighbors that cannot be moved. We hope both sides will remain calm and restrained to avoid further complicating the situation.' He said that China is willing to continue playing a constructive role in maintaining regional peace and stability. (ANI)
India Gazette
01-06-2025
- Politics
- India Gazette
Indians in Shanghai celebrate 164th birth anniversary of Rabindranath Tagore
Shanghai [China], June 1 (ANI): The Indian community in the Eastern China Region gathered on Sunday in large numbers to celebrate the 164th birth anniversary of Rabindranath Tagore and the 101st anniversary of his first visit to China. Consulate General to China, Pratik Mathur, while speaking at the occasion, underlined the abiding relevance of Tagore's words and vision. In a post on X, the Consulate said, 'Remembering Gurudev in China! India's Cultural Heritage Shining Bright- Indian community in Eastern China Region gathered today in large numbers to celebrate 164th birth anniversary of Gurudev and the 101st anniversary of his first visit to China. Speaking on the occasion CG Pratik Mathur underlined the abiding relevance of Gurudev's words and vision. Friends of India and lovers of Rabindra Sangeet gathered in large numbers for the function today.' The Consulate General of India in the Chinese city of Shanghai on Sunday commemorated the 164th birth anniversary of Gurudev Rabindranath Tagore with a vibrant cultural event that also served as a moment of solemn tribute to the victims of the recent Pahalgam terror attack. Held at the Vivekananda Cultural Centre, the celebration brought together over a hundred attendees, including members of the Indian diaspora, Chinese students, Tagore enthusiasts, and friends of India. According to a post on X by the Indian Consulate in Shanghai, the event began with a solemn pledge ceremony led by Consul General Pratik Mathur, who reaffirmed India's firm national resolve to combat terrorism with a zero-tolerance approach. He underscored that this stance was clearly demonstrated through Operation Sindoor, launched in response to the recent attack in Jammu and Kashmir. In his opening remarks, CG Mathur paid homage to the victims and highlighted Gurudev Tagore's enduring cultural legacy both in India and abroad. He noted Tagore's special connection with China, mentioning that his stories are still part of Chinese school curriculums and that his literary and musical works--especially Rabindra Sangeet--are studied in Chinese universities. 'Tagore continues to serve as a bridge for mutual understanding and cultural exchange between India and China,' Mathur said. He also recalled that Tagore had visited Shanghai twice after becoming the first Asian to win the Nobel Prize in Literature, and that the city honours his legacy with two statues--one at the historic Lu Xun Park and another at Maoming Lu in central Shanghai. (ANI)
India Gazette
21-05-2025
- Business
- India Gazette
Shanghai Consul General Pratik Mathur addresses technology symposium of Singapore Chamber of Commerce
New Delhi [India], May 21 (ANI): Shanghai Consul General Pratik Mathur addressed the Singapore Chamber of Commerce annual technology symposium, one of the region's most prominent business forums. In a post on X, the Consulate General of India in Shanghai said that Mathur's participation underscored the growing global recognition of Prime Minister Narendra Modi's vision for responsible and inclusive artificial intelligence (AI). PM Modi advocated for the responsible use of AI during the Paris Summit. In his remarks, CG Mathur highlighted India's dynamic AI startup ecosystem, which is driving innovation across key sectors including urban development, healthcare, clean energy, and agriculture in the world's fastest-growing major economy. The X post added, 'India's AI vision shines in Shanghai. CG @PratikMathur1 participated in the annual technology symposium of the Singapore Chamber of Commerce, one of the largest and oldest business chambers in the region.' 'The invitation was a reflection of the global recognition of Prime Minister's vision of harnessing AI responsibly, for good, and for all, as articulated in the Paris Summit,' the post added. The post further added, 'In his remarks today, CG highlighted India's vibrant AI startup ecosystem that is driving change in the world's fastest-growing major economy, creating opportunities and revolutionizing diverse sectors such as urban renewal, healthcare, clean energy, and agriculture.' In continuation of the commitment, India and the European Union reiterated their commitment to safe, secure, and sustainable AI in March of this year and to promote this vision globally. As part of this, the European AI Office and India AI Mission have agreed to deepen cooperation, encourage an ecosystem of innovation, and foster information exchange. They have also agreed to enhance cooperation on large language models. In furtherance of the vision of Making AI in India and Making AI Work for India, the Union government last year approved the comprehensive national-level IndiaAI mission with a budget outlay of Rs 10,371.92 crore. The IndiaAI mission is to establish a comprehensive ecosystem that catalyses AI innovation through strategic programs and partnerships in the public and private sectors. By democratizing computing access, improving data quality, developing indigenous AI capabilities, attracting top AI talent, enabling industry collaboration, providing startup risk capital, ensuring socially impactful AI projects and bolstering ethical AI, it will drive responsible, inclusive growth of India's AI ecosystem. (ANI)
