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India must prepare for greater responsibilities
Business Standard
|March 07, 2025
NITI Aayog's Suman Bery urges India Inc to invest and calls for MSME growth
India must be prepared to shoulder greater responsibilities as it has become a rising global economy, NITI Aayog Vice-Chairperson Suman Bery said on Thursday, amid the Trump administration pushing New Delhi to substantially reduce tariff and non-tariff barriers.
"We are seeing this in our interactions with the US administration—more will be asked of us, and we should be ready for that. We have been thinking of ourselves as a small, open economy, which economists see as distinct from a systemically important economy, which we have now gradually become. The behaviour and leadership expected from a systemically important economy are different from those of a small, open economy," Bery said on Thursday while addressing an event organised by the Confederation of Indian Industry.
This story is from the March 07, 2025 edition of Business Standard.
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