About 700 policymakers, industrialists, representatives from civil society and academia from 45 countries will deliberate on inclusive growth and competitiveness at the three-day India Economic Summit, being organised by the World Economic Forum (WEF) and the Confederation of Indian Industry (CII), from November 4- 6, 2014 in New Delhi. As interest in hearing from India’s 16th national government mounts, the meeting will offer an opportunity for the Forum’s global multistakeholder community to meet the new government and together define and shape the country’s next phase of transformation.
In Asia’s third-largest economy, opportunities abound in the form of a hefty $1 trillion price tag for infrastructure spending, retail market potential of $1.3 trillion by 2020 and the demographic dividend from its 1.2 billion population. A resilient government will be key to realizing India’s domestic and global ambitions.
Under the theme 'Redefining Public-Private Cooperation for a New Beginning', the meeting will bring together high-level leaders from government, civil society and business for an issue-based interaction that takes stock of promises made in the election manifesto and explores how to collectively shape policies for inclusive growth.
Finance Minister Arun Jaitley, Telecom Minister Ravi Shankar Prasad, Power and Coal Minister Piyush Goyal and Human Resource Development Minister Smriti Irani will address the event.
“Business leaders are keen to engage with the government and see how it plans to restart the investment cycle, revive demand and convert the first signs of revival into a full-fledged recovery,” said CII Director-General Chandrajit Banerjee.
Among the corporate honchos attending the summit are: James Hogan, President and Chief Executive Officer of Etihad Airways; Yorihiko Kojima, Chairman of Mitsubishi Corporation; Uday Kotak, Executive Vice-Chairman and MD of Kotak Mahindra Bank; Anand Mahindra, CMD, Mahindra and Mahindra; Bhaskar Pramanik, chairman of Microsoft Corporation India; Sunil Bharti Mittal, Chairman, Bharti Enterprises; Adi Godrej, Chairman, Godrej Group; and Sanjiv Mehta, CEO and MD, Hindustan Unilever.
WEF Director, Head of India and South Asia Viraj Mehta said, “India's progress depends fundamentally on the ability of its leaders to take bold decisions necessary to transform the country's economy and society. By bringing together leaders from politics, business and across the society, we hope the summit will offer an environment where such decisions can be catalysed.”
Organisers said the event is being organised against the backdrop of significant economic growth and progress in reducing poverty in most parts of India, but also persistent inequality. Inclusive growth, competitiveness will top the agenda of the summit. The programme is built on three pillars — boosting global competitiveness, launching a domestic systems reset and scaling local and social innovation.
It is after two years that World Economic Forum (WEF) and CII are coming together to host India Economic Summit. WEF had organised the event under a different name, WEF on India, in 2012 on its own.
For more information, please visit event website www.weforum.org