Economists Praise India's Growth Trajectory and Reforms

Global economists are hailing India's growth trajectory and reforms, saying they have positioned the country for sustained economic expansion. Daniel Waldenström, a Swedish economist, noted that India has made impressive progress through growth-oriented policies and is well-positioned to translate economic expansion into broader social gains.

Waldenström argued that policymakers should focus more on income inequality than wealth inequality, saying income levels provide a clearer picture of poverty and economic opportunities. He also advocated taxing capital income, including corporate profits, dividends, and interest earnings, instead of relying on wealth or inheritance taxes.

The former European Central Bank President Jean-Claude Trichet praised India's transformation, saying it is 'impressively' moving in the direction of becoming a major global economic force. He encouraged India to continue its path with great success. French economist Jean-Pierre Landau also commended India's growing partnership with France and described India as a key actor in addressing global challenges.