Times Network hosts 5th edition of India Economic Conclave
Arun Jaitely, Nitin Gadkari, Piyush Goyal reflect on India's economy
Published - 20-December-2018
Times Network recently organized the fifth edition of its signature event ‘India Economic Conclave 2018’ in Mumbai.
As part of this edition’s theme, ‘Shaping India’s $5 Trillion growth agenda’, influential leaders, global visionaries and key policymakers addressed the audience through a series of panel discussions on enabling greater economic growth of India.
Celebrating the leadership of the Indian economy at the world stage, India Economic Conclave 2018 curated several sessions to enable rapid transformation of India to a global powerhouse.
M K Anand, Managing Director & Chief Executive Officer, Times Network, delivered the welcome address and Nitin Gadkari, Union Minister for Road Transport & Highways, Shipping and Water Resources, River Development, highlighted his vision on the $5 trillion economy.
Arun Jaitley, Minister of Finance and Corporate Affairs, shared his vision to steer the economy and Piyush Goyal, Minister of Railways & Coal, deliberated on the roadmap and reflected on the political prism with focus on continuity to reforms.
During a special panel, Sadhguru, Founder - Isha Foundation, and Arianna Huffington Founder - Thrive Global discussed ease of living by ensuring productive and efficient society. Mark Mobius, Founder, Mobius Capital Partners LLP in fireside chat discussed the potential India holds as an engine of emerging markets and Bollywood actor Ranveer Singh spoke about New Age Role Models.
Some of the key addresses at the event were:
M K Anand said, “India Economic Conclave through the course of its four editions has successfully carved its own niche to become the most definitive global platform for driving India’s Economic Agenda. The 5th edition comes in the backdrop of very volatile news flow, with ensuing global trade war on one side and key state election results on the other. From RBI Governor’s resignation to the upcoming general elections, the Indian economy is at an interesting inflection point. With a strong purpose to drive the narrative of shaping the $5 trillion agenda, India Economic Conclave strives to build conversations with policy makers, think tanks and global experts for constructive dialogue and discussions on critical points concerning the Indian economy."
Nitin Gadkari expressed his view about the economic development, “We are very much committed towards progressive development. Compared to the last 60 years with 4 and a half years of our government, we have given an appropriate vision for our country. Agricultural crises are the biggest crisis today! And I have addressed it to the government. We have prioritized agriculture and the growth rate has been raised up by 20%. Without strengthening the rural agricultural economy, the purchasing power of the large population, employment in rural areas the manufacturing and service sectors cannot boost. I am aiming to start about 5 projects for water connectivity which are of Rs 2 lakh crore.”
Arun Jaitely said, “How do we deal with the growth target of reaching 5 trillion dollar economy as soon as possible? We have the satisfaction of having an economy which is faster than any other economy in terms of the growth amongst the major economies in the world. I don’t think compared to the last four to five years, we’ve ever had macro of this kind, where we have inflation under control at a 3-3.5 per cent range. We need to continue with the reform agenda as it will ultimately show good results in the long run. We can improve the rate of 7.4 per cent and move towards an 8 per cent economy for the next few years and with this, I think our target of reaching a 5 trillion dollar economy over the next few years will become a realizable dream.”
The 5th India Economic Conclave is powered by ET NOW, presented by Capital First and power partner Ravin. It will be aired over a series of episodes on ET NOW.