At the News18 Rising Bharat Summit held at Bharat Mandapam in New Delhi on April 8-9, industry stalwarts Amitabh Kant, Suhel Seth and Prasoon Joshi convened to deliberate on India’s burgeoning soft power and the pivotal role of its youth in propelling the “Make in India” initiative.
India’s G20 Sherpa & Former CEO of NITI Aayog, Amitabh Kant, put a spotlight on the work that India has done compared to other countries, especially in the digital payment sector.
Kant highlighted, “Ten years ago, India was counted among the fragile five economies. Today, we’ve risen to become one of the top five. Over the past decade, we’ve made remarkable strides in infrastructure development and have driven significant innovation. India now leads the world in fast payments, accounting for 50 per cent of global transactions — while China follows with only 20 per cent.”
Underscoring the uniqueness of India’s digital payment landscape, Kant noted, “We are the only country where PhonePe competes with Google Pay.”
Content retrieved from: https://www.firstpost.com/india/india-soft-power-make-in-india-startups-rising-bharat-summit-2025-13878222.html.
