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Investors cannot ignore India’s double-digit growth potential: Andhra Pradesh CM Chandrababu Naidu

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Investors cannot ignore India as it is the only economy in the world with potential of double-digit growth in the near future, Andhra Pradesh Chief Minister Chandrababu Naidu said here.

“You are all aware (that) India nobody can ignore. It is a happening place. Double-digit growth, if at all, it is possible only in India,” Naidu said on Monday.

“Even China…is in a stagnation point,” he pointed out.

India, he stressed, is well positioned in the current economic scenario.

Naidu is on a three-day visit to Singapore, which ends tomorrow, to brief investors on the development of the new Amaravati state capital.

Amaravati master plans were done by Singapore’s state-owned town planner Surbana Jurong Pte Ltd.

Speaking at the media interactive session organised by the Institute of South Asian Studies, a think-tank of National University of Singapore (NUS), Naidu pointed out that India has produced some of the world’s top corporate leaders and was no less than any other country resources wise, especially highlighting the human capital.

Indians are employed globally, some of whom are leading top corporations.

In India, it is a matter of creating jobs as “huge opportunities” are available, he said, adding that further skill development programmes were being implemented.

“Investors would be asked how many jobs they would create,” said Naidu, pointing that during his last tenure as Chief Minister of the state he saw every one job created, leading to five indirect employments.

Naidu went on to assure investors of favourable investment environment in Andhra Pradesh and India, citing the strong government under the leadership of Prime Minister Narendra Modi in New Delhi.

He also stressed the need for right politics in managing people’s welfare and implementing the development schemes, and cited Singapore’s example where progress have been made over the 50 years under the same government and administration as they are able to deliver.

He said Andhra Pradesh would compete among the world’s top 10 investment destinations in “ease of doing business” in the near future.

PTI