Sitharaman on Bridging India-China GDP Gap: Hard Work, Tech, Stable Policies Key

• Finance Minister Nirmala Sitharaman discussed India's growing global dominance and strategies to reduce the GDP contribution gap with China in an exclusive interview with News18 India.
• China contributes 26% to global GDP growth, while India contributes 17%, totaling 43% together, significantly more than America's 9.9%.
• Sitharaman emphasized that India needs to work hard, provide incentives to specific sectors, boost productivity through technology, and optimize human resource utilization to bridge the gap.
• She highlighted the importance of stable and forward-thinking government policies, citing the tax holiday for data centers as a bold reform.
• The tax holiday benefit for Global Capability Centers (GCCs) will apply to any company fitting the definition, including Indian firms like TCS, if they meet the criteria.

Why It Matters: India aims to bridge the GDP gap with China through hard work, technological advancement, and stable, forward-thinking policies.