Ashwini Vaishnaw Outlines India’s Vision for a Stable and Innovation-Driven Digital Future at Bloomberg Forum

India invites global investors as the Union Minister highlights strong economic fundamentals, responsible digital governance, and the country’s balanced “techno-legal” regulatory approach.

New Delhi : Union Minister Ashwini Vaishnaw, representing the Government of India at the Bloomberg New Economy Forum in Singapore, articulated India’s vision for a stable, responsible and innovation-led economic and digital future.

Highlighting the country’s robust economic fundamentals, he said, “With high growth and moderate inflation, India will continue to offer a stable policy regime, sustained simplification, good growth and very moderate inflation in the coming years — a situation every investor looks forward to.” He also extended an invitation to global investors to participate in the New Economy Forum in New Delhi next year, reaffirming India’s readiness to play a central role in global economic transformation.

Addressing the risks emerging from the evolving digital landscape, the Minister expressed concern over the growing erosion of trust between citizens and institutions due to the unchecked spread of deepfakes, synthetic content and rapidly amplified misinformation on social media. He stressed that digital platforms must take responsibility for the content they host and disseminate, ensuring it does not inflict harm on individuals, communities or the broader social fabric.

Elaborating on India’s “techno-legal” framework for digital governance, Vaishnaw noted that the Digital Personal Data Protection Act is principles-based and designed to evolve alongside rapidly changing technologies without hindering innovation. “We believe in a balanced combination of innovation and regulation, where innovation is encouraged while potential harm is effectively mitigated,” he said, adding that the government continues to collaborate closely with industry and civil society to maintain this balance.

Reiterating India’s expectations from global companies, the Minister emphasised that all platforms operating in the country must respect the Constitution, the legal framework and India’s social and cultural diversity. “Platforms must understand and respond responsibly to the societal context, diversity and sensitivities of the country in which they operate,” he affirmed.