ANI
09 Jun 2026, 14:34 GMT+10
Ahmedabad (Gujarat) [India], June 9 (ANI): India has a strong foundation for economic growth and is expected to maintain robust growth momentum in the coming years despite global uncertainties, said Paul Procee, Operations Manager and Acting Country Director for India at the World Bank.
Speaking to ANI on the sidelines of the SAPLING High-Level Policy Dialogue co-hosted by the World Bank Group and the Union Ministry of Food Processing Industries, Procee said India's growth story remains supported by investments in people, businesses and expanding international partnerships.
'India has a very strong baseline growth and basically has a huge economy. And as long as we focus on what we doing here, which is basically focus on building businesses, India is creating very nice partnerships and trade agreements with bilateral partners. So India is really taking care of itself by investing in its people, investing in its businesses, and with that it will continue having a very strong base growth for the coming years,' he said.
When asked about India's attractiveness as an investment destination amid global economic challenges, Procee said the country's strength lies in creating a favourable business environment and supporting private sector growth.
'I think, again, India is a continent. I cannot specify one sector. It is really about creating a business environment where people can invest, where foreign investments, local investments will go into building the private sector,' he said.
He added that India's large consumer base and growing network of trade agreements offer significant opportunities for investors.
'There's a lot of, let's say, potential as well with consumers in India. So India has everything. And as I said before, there's a lot of free trade agreements that are coming up, bilateral agreements where India can profit a lot and where India will basically continue to grow strongly,' Procee said.
Highlighting opportunities in the food processing sector, the World Bank official described it as one of India's most promising areas for future growth.
'Actually, it is one of the big manufacturing sectors. It already is one of the main exporting sectors within India,' he said.
Procee said the World Bank and the government would focus on strengthening value chains and improving market linkages for farmers.
'I see a humongous potential for growth in this sector. Because it is, at the end of the day, 60 per cent of the people still live in rural areas,' he said.
He also noted that developing food processing can create jobs and economic opportunities in rural India. (ANI)
Get a daily dose of Mediterranean Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mediterranean Times.
More InformationBRUSSELS, Belgium: The European Commission is considering new legislation that could require companies in sensitive sectors to diversify...
PARIS, France: U.S. Defense Secretary Pete Hegseth used a speech marking the anniversary of the D-Day landings to urge European countries...
OSLO, Norway: Norway's Crown Princess Mette-Marit has been put on a waiting list for a lung transplant after her health got worse,...
TIRANA, Albania: Thousands of people in Tirana protested this week against a plan to build a luxury resort on a sensitive stretch of...
DUBLIN, Ireland: A general practitioner and former member of the Medical Council has been found guilty of professional misconduct because...
The Ukrainian leader wont consider genuine talks while Western funding continues, Vassily Nebenzia has stated Ukraine's Vladimir...
MUZAFFARABAD, PoJK: Clashes in Pakistan-occupied Jammu and Kashmir ahead of a protest planned for June 9 left 11 people dead and more...
UNITED NATIONS: The U.N.'s food agency says the Iran war is pushing millions more people into serious hunger, as it had warned would...
RIO DE JANEIRO, Brazil: Airline executives from around the world are meeting in Rio de Janeiro this weekend amid growing concerns that...
TAIPEI, Taiwan: Taiwan should use its defense money more wisely and learn from the wars in Ukraine and the Middle East, especially...
CAIRO, Egypt: Iran launched ballistic missiles and drones toward Bahrain and Kuwait early on June 6, Bahrain's government said, adding...
NEW YORK CITY, New York: The sudden collapse of Spirit Airlines has left thousands of pilots, flight attendants, and other employees...
