CNBC India in partnership with Wipro Infotech and Sun Microsystems held its Managing India Brainstorm Series in Delhi last week. This unique forum discussed the current business sentiment and climate based on the first quarter performance of various sectors.
The Fourth Brainstorm engaged leading luminaries from corporate India in an interactive discussion on The New Economic Growth Drivers - the theme for the evening. The discussions aimed at determining where the next economic growth push could come from, how upcoming growth sectors can be nurtured better, evolving the right growth structure, what the key success factors for Indian industry will be and where the new challenges will originate.
The panelists included Azim Premji of Wipro, Scott Bayman from GE, Omkar Goswami from CII, Minister of State for Law, Company Affairs and Justice Arun Jaitly, Gautam Dalal from KPMG, Sunil Kant Munjal of Hero Cycles.
Top business executives like Anil Mulchandani of Archies, Rajeev Desai of IPAN and other senior business leaders from Citibank, PWC, KPMG, Bharti, Ranbaxy, Birla AT&T, TiE, MaxNewYork Life, NIIT, IOC, Microsoft and Escotel were part of the audience that interacted with the panel.
The seminar started through the keynote address by Azim Premzi and then was further initiated by the panelists and ehe Minister Arun Jaitley spoke at the end sharing the optimism that some panelists mentioned. The audience weren’t mere spectators, but they took active part in the discussions sharing their business’s outlook.
Azim Premzi made a very pertinent point about India’s growing importance in global business as India is on the verge of a demographic advantage. Premzi said that India would have more younger people and therefore investments should go into sectors like healthcare and education.Onkar Goswami also exhorted industrialists and business leaders present to be able to provide products and services as average per capita income will goes up almost 25% in next 5 years.
The issues thrown up in the Brainstorm are certainly important for the media and advertising industry, which is dependent on the outlook of the economy for the coming quarters.