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Kolkata: Chairman of the Aditya Birla Group<\/a>, Kumar Mangalam Birla<\/a> Friday said that 2021 has been a \"watershed year\" for the Indian economy after the reforms of 1991. Speaking at the virtual annual session of ICC, Birla said that 30 years after the first wave of reforms in 1991, this year there has seen an investment boom in the country making India an economy of the size of USD three trillion.
\"India is a fast growing economy with a diverse society. Since 1991, this year has been a watershed year with reforms like labour codes and fixation of legacy issues in telecom,\" he said.
During the pandemic there has been deepening of the digital economy. \"Consumption of data has increased manifold in India. Capacity installation of renewable power has received a boost\", he added
\"It seems the government is doing all the right things. The 'Gatishakti' plan of coordinating ministries will be of great help to the economy\", he viewed.
According to him, the coming decade will witness a 'capex' boom by the private sector, government spending on infrastructure, release of funds through the asset monetization plan and improvement in the balance sheets of the banks.
Global investors are moving away from China and looking towards India, Birla said.
Birla, who is also the chairman of Vodafone Idea Limited<\/a>, said that the telecom sector had been tough on the company. \"There are several factors where we could have done better. Just a month ago we were almost bankrupt. Now things are looking better\", he said.<\/body>","next_sibling":[{"msid":87932126,"title":"IT sector to play a major role in making TN USD 1 trillion economy: CM","entity_type":"ARTICLE","link":"\/news\/it-sector-to-play-a-major-role-in-making-tn-usd-1-trillion-economy-cm\/87932126","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":87934679,"entity_type":"ARTICLE","title":"2021 is a watershed year for India: Kumar Mangalam Birla","synopsis":"Birla, who is also the chairman of Vodafone Idea Limited, said that the telecom sector had been tough on the company. \"There are several factors where we could have done better. Just a month ago we were almost bankrupt. Now things are looking better\", he said.","titleseo":"telecomnews\/2021-is-a-watershed-year-for-india-kumar-mangalam-birla","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":1361,"shares":0,"engagementtimems":3990000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2021-11-26 19:12:48","lastupd":"2021-11-26 19:14:36","breadcrumbTags":["Kumar Mangalam Birla","Industry","KM Birla","telecom news","Vodafone Idea","Vodafone Idea news","vodafone idea limited","aditya birla group","telecom reforms"],"secinfo":{"seolocation":"telecomnews\/2021-is-a-watershed-year-for-india-kumar-mangalam-birla"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2021-11-26" data-index="article_1">
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印度2021年是一个分水岭:Kumar Mangalam贝拉
贝拉,沃达丰的想法有限,主席说,电信业已经艰难的公司。“有几个因素,我们可以做得更好。只是一个月前我们几乎破产。现在情况正在好转”,他说。
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加尔各答:主席Aditya Birla集团,Kumar Mangalam贝拉周五表示,2021年已经是一个“分水岭”,1991年的印度经济改革之后。在国际刑事法庭的虚拟年度会议,贝拉说,30年1991年第一批改革后,今年已经有一个在中国投资热潮使印度的经济规模为三万亿美元。
“印度是一个快速增长的经济和一个多元化的社会。自1991年以来,今年是一个分水岭,改革劳动法规和固定在电信、遗留问题”他说。
在大流行期间已经有数字经济的深化。在印度“消费的数据增加了歧管。能力安装可再生能源得到了提升”,他补充道
“看来政府做了所有的正确的事情。协调部门的“Gatishakti”计划将对经济产生很大的帮助”,他认为。
根据他的说法,未来十年将见证一个“资本”热潮,私营部门,政府的基础设施支出,释放基金通过资产货币化计划和改善银行的资产负债表。
全球投资者远离中国,考虑印度,贝拉说。
贝拉,他也是董事长沃达丰想法有限说,电信部门一直在艰难的公司。“有几个因素,我们可以做得更好。只是一个月前我们几乎破产。现在情况正在好转”,他说。
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