THEBUSINESSBYTES BUREAU

VISAKHAPATNAM, NOVEMBER 13, 2026

India aspires not merely to participate in the emerging global economic order but to play a leading role in shaping it, Vice-President C P Radhakrishnan said on Friday, asserting that the country's growing economic strength, technological capabilities and entrepreneurial ecosystem would be key to determining the future of the global economy.

Addressing the valedictory session of the 31st edition of the CII Partnership Summit in Visakhapatnam, he said geopolitical uncertainties, technological disruptions, climate change and evolving global supply chains were reshaping the economic landscape, creating fresh opportunities for countries capable of adapting, innovating and building trusted partnerships.

Expressing confidence in India's journey towards becoming a developed nation by 2047 under Prime Minister Narendra Modi's leadership, Radhakrishnan highlighted the country's young and skilled workforce, expanding manufacturing and services sectors, and vibrant entrepreneurial ecosystem as key drivers of its economic transformation.

He said investments in emerging technologies, including artificial intelligence, semiconductors, quantum computing, biotechnology, advanced manufacturing and digital platforms, had the potential to transform India's economic and industrial landscape.

Emphasising the significance of self-reliance, the Vice-President said Atmanirbhar Bharat should not be viewed as an inward-looking approach but as an effort to strengthen domestic capabilities, enhance global competitiveness and integrate more deeply with international markets.

Appreciating Andhra Pradesh's development trajectory under Chief Minister N Chandrababu Naidu, he said the state had attracted 714 investment projects worth more than Rs 22 lakh crore since June 2024, reflecting strong investor confidence and growing economic momentum.

He said the state's vision of Swarna Andhra 2047 was aligned with the national goal of Viksit Bharat 2047, adding that investments in green energy, artificial intelligence, semiconductors, quantum technology, ports, aerospace and advanced manufacturing were positioning Andhra Pradesh as an emerging industrial and innovation hub.

Referring to the summit's theme, 'Navigating the New World Order – Trade, Technology and Trust', Radhakrishnan said the global economic environment was undergoing significant changes, making adaptability, innovation and international cooperation increasingly important.

He called for a collective national effort to realise the vision of Viksit Bharat 2047, stressing that the responsibility of building a developed India could not rest with the government alone.

Industry, academia, entrepreneurs, young people and international partners must actively contribute to the country's transformation, he said, invoking the Prime Minister's call for 'Sabka Prayas'.

The Vice-President urged stakeholders to translate discussions into concrete outcomes, opportunities into achievements and partnerships into shared prosperity.

He also appreciated the participating countries, international delegates, industry leaders and institutions for their contribution to the summit.

Andhra Pradesh Governor S Abdul Nazeer, Chief Minister N Chandrababu Naidu, Union Minister Pralhad Joshi, Civil Aviation Minister K Ram Mohan Naidu, state ministers Nara Lokesh and T G Bharath, CII Director General Chandrajit Banerjee and CII President Designate Suchitra Ella, among others, attended the event.