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World Economic Forum Celebrates 25 Years in India | Marking 25 years of ties with India , the Co-Chairs of the India Economic Summit highlighted India ’s success as a globally competitive economy and for weathering the current financial crisis. “The world has come to recognize the potential of India for
its ability to innovate and its growing role on the global stage,” said William
D. Green , Chairman and Chief Executive Officer, Accenture , USA , a Co-Chair
of the India Economic Summit. He added that India has the opportunity to become
a “high performance” nation. “I am amazed by how resilient the Indian economy
has been,” remarked Carlos Ghosn, Chairman and Chief Executive Officer, Renault,
France; President and Chief Executive Officer, Nissan, Japan, and Co-Chair of
the India Economic Summit. “The Summit will be an important forum to understand
how India managed to weather the global economic meltdown so well.” Summit Co-Chair
Baba N. Kalyani, Chairman and Managing Director, Bharat Forge , India , also praised
India for emerging from the financial meltdown, noting that the country’s growth
rate would be as much as 6-7% this year and perhaps double digits in the future.
Energy, infrastructure, social issues, health and education will be the pressing
issues to follow. While also praising India as an engine for growth and a country
with enormous opportunities, Indra Nooyi, Chairman and Chief Executive Officer,
PepsiCo, USA, a Co-Chair of the Summit, said that it was in everyone’s interest
to see the US continue being a centre for growth and that the downturn would be
short-lived. She then praised the World Economic Forum for its ability to bring
together multiple constituencies to discuss the current economic situation and
other global issues. “My hope [here] is to develop an action plan and hold ourselves
accountable on progress.” Co-Chair Shumeet Banerji, Chief Executive Officer, Booz
& Company, United Kingdom , added that the India Economic Summit serves as a valuable
platform to discuss major issues facing the country. Banerji said he is particularly
interested in seeing progress on carbon reduction and demographics. Venu Srinivasan,
Chairman and Managing Director, TVS Motor Company, India; President, Confederation
of Indian Industry (CII), India, highlighted the 25th anniversary of the Forum’s
engagement in India and the important role the Summit has played in integrating
India with global markets. “ India has become a positive brand,” highlighted Klaus
Schwab , Founder and Executive Chairman, World Economic Forum. “This not only
has to do with its economic growth but also the entrepreneurial spirit of the
country.” He added that India could be a role model, especially in light of the
challenges of the global economic situation. “If we can help people respond to
these challenges, we have made a contribution.” The World Economic Forum is celebrating
25 years of active engagement in India at its annual India Economic Summit, taking
place in New Delhi from 8 to 10 November. This year’s Summit has set a new record
for total participation with over 800 leaders from industry, government, civil
society and academia from over 40 countries. The theme for this year’s Summit
is “ India ’s Next Generation of Growth.” |
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