India utilises its potential to mobilise its people around a shared national vision that incorporates its cultural, religious and economic diversity. Significance of diversityDiverse sectors and private players drive economic growth by offering consumers choices and compelling companies to enhance goods and services. The government must focus on these key factors to leverage diversity for sustained growth:Key factorsSocial stability leading to sustained economic growth: India’s historical trajectory underscores the necessity of embracing its diverse religious and cultural identities for development. Therefore, mitigating internal conflicts is paramount to fully leverage this advantageous position and enhance India’s global influence and reputation. Therefore, maintaining an inclusive entrepreneurial ecosystem is imperative to retain and attract entrepreneurial talent, ensuring India’s sustained economic growth and competitiveness.

Source: The Hindu February 16, 2024 05:02 UTC