India seeing China's growth blitz of 2 decades ago: Mittal

China-plus-one has brought investments, India firing on all cylinders: Bharti Enterprises chief

- Gulveen Aulakh

The growth that China saw more than two decades ago is now happening in India, Bharti Enterprises chairman Sunil Mittal said. India’s position as an investment alternative to China has strengthened, and it is visible in the flow of foreign direct investment (FDI) and promise of future investments, he said.

"India’s China-plus-one strategy is working very well. My god, the FDI and the attention toward India is on another level. This is certainly giving tremendous wind in our sails," Mittal said in an interview.

The growth rate of India’s economy was positive, which was apparent from the growth in industrial, agricultural and financial services sectors, Mittal said on the sidelines of the B20 Summit India 2023 in New Delhi.

"The economy is in a great shape. You see India is firing on all cylinders. My view is that if you look at industrial activities, agricultural activities, digital activities and growth of fintech, I think one can feel the momentum that China saw 20-25 years ago happening right here in India," he said.