India is on a track of becoming a hot spot for technology and the fastest growing big economy in the world. And this was evident from an analogy that external affairs minister S Jaishankar drew while describing the country’s growth in digital public infrastructure. He said that the number of cashless transactions done in India in a month are equal to the cashless transactions done in the US in three years.
“The life of every Indian citizen has become easier and this is because we have embraced technology in a very deep way,” Jaishankar said at the event where he was interacting with the people of the Indian community in Nigeria.
“You can see this in payment, very few people today pay in cash and very few people accept cash…Today, we do as many cashless payments in India in a month as much as America does in three years,” he added.
Investments at its highest ever level
Jaishankar also noted that the flow of investments into the country has reached its highest ever.
“There is a sense today that India is being built at a fantastic pace, not just being built, that growth rate actually covers many other things. You can see the flow of investment in India, the highest ever. Look at the business sentiment about India. For me, the real change is the change I see in our own people,” the minister noted.
Jaishankar lauds India’s response to Covid-19
The minister also highlighted five major examples that showcase the transformation of India in the last decade. He talked about how India dealt with Covid pandemic and highlighted that the country brought back 7 million of its people from abroad.
“I take great heart, great hope and great faith from how India dealt with it. When Covid started, during a virtual meeting in 2020, it was said that the country that will be most unable to cope with Covid would be India. Two years later, I saw that we went through the Covid wave, and lockdowns…we started making medicines for the rest of the world,” he added.
Notably, Jaishankar is on a visit to Nigeria from January 21-23.
“The life of every Indian citizen has become easier and this is because we have embraced technology in a very deep way,” Jaishankar said at the event where he was interacting with the people of the Indian community in Nigeria.
“You can see this in payment, very few people today pay in cash and very few people accept cash…Today, we do as many cashless payments in India in a month as much as America does in three years,” he added.
Investments at its highest ever level
Jaishankar also noted that the flow of investments into the country has reached its highest ever.
“There is a sense today that India is being built at a fantastic pace, not just being built, that growth rate actually covers many other things. You can see the flow of investment in India, the highest ever. Look at the business sentiment about India. For me, the real change is the change I see in our own people,” the minister noted.
Jaishankar lauds India’s response to Covid-19
The minister also highlighted five major examples that showcase the transformation of India in the last decade. He talked about how India dealt with Covid pandemic and highlighted that the country brought back 7 million of its people from abroad.
“I take great heart, great hope and great faith from how India dealt with it. When Covid started, during a virtual meeting in 2020, it was said that the country that will be most unable to cope with Covid would be India. Two years later, I saw that we went through the Covid wave, and lockdowns…we started making medicines for the rest of the world,” he added.
Notably, Jaishankar is on a visit to Nigeria from January 21-23.
