In a world riddled with economic uncertainties, Mauritius can still afford to stand out as a model of resilience and optimism, exemplified by its thriving «Made in Moris» label. As this initiative celebrates its 10th anniversary, it’s not just a mark of quality and sustainable development; it’s a testament to Mauritian talent and innovation.

Finance, Economic Planning, and Development Minister Renganaden Padayachy highlighted the label’s significance this week. «Made in Moris,» with over 150 companies and 3,800 products, has become a benchmark for quality. Minister Padayachy said, «Mauritian industrialists have played a crucial role... in achieving 8.9% GDP growth in 2022. This year again, the contribution of the manufacturing sector will be key in reaching our target of 7% GDP growth in 2023. We will not stop on such a good path.»

New initiatives like the Mauritius Expo Virtual Platform and the «En route vers le Made in Moris» program are set to bolster this growth.

Yet, challenges persist.

Philippe Forget, Chairman of La Sentinelle/ L’express, in the Top 100 Companies of 2023 report (to be released on Monday), questions the nation’s fiscal sustainability. “Is it inconsequential for a current account balance to remain negative for numerous years?”, he asks, calling attention to the lack of budget surpluses and the growing reliance on freshly printed currency.

The COVID-19 pandemic further complicated Mauritius’ economic landscape, forcing a reevaluation of work-life balance and highlighting the essential roles of oftenoverlooked workers. This brings us to a crucial question: how do we fairly compensate those who form the backbone of our economy?

The government’s shift from a generous provider to a more disciplined economic stance in the wake of the pandemic highlights the difficult balance between shareholder interests and employee well-being. This balance is crucial for the island’s economic health.

Minister Renganaden Padayachy’s role is crucial in steering the country toward an economy that is recovering and transforming. A key question is how Minister Padayachy will navigate these complex issues, especially with the upcoming Rs 1,000 compensation demand from trade unionists in the 2024 election year and the Rs 13,500 pension promised five years ago...