Fireside chat with the Finance Minister, Arun Jaitley and renowned global leaders debated and enabled policy making
BestMediaInfo Bureau | Delhi | November 21, 2016
ET Now organized the 3rd India Economic Conclave themed, ‘The Big Leap’ in partnership with Bennett University and Boehringer Ingelheim, in New Delhi on Friday, November 18, 2016 at The Imperial Hotel. The annual gathering of India’s most influential policy makers, top business leaders and captains of India Inc. was organized at a time when the Indian economy is at the cusp of radical economic reforms.
The eventful evening saw top minds debating and conversing about topics like, ‘The Quick Fix’ – where India’s top bureaucrats deliberated on the top 10 quick fixes for the economy; ‘Putting India First – The 10 Point Agenda’ – a power packed panel comprising of India’s policymakers and corporate India; ‘The Plenary Sesion – The Big Leap’ – A fireside chat between Arun Jaitley, Minister of Finance, Jeff Immelt, Chairman & CEO, GE and Anand Mahindra, Chairman, Mahindra Group.
Setting the context for the evening, MK Anand, MD and CEO, Times Network, said, "The 3rd ET Now India Economic Conclave could not have been timed better. The historic changes in the Global and National socio economic environment demanded some really deep discussion and our speakers were probably the best, being key decision makers themselves. We at ET Now and TIMES NETWORK are proud to have put together and presented such invaluable content at such an important point in time."
Arun Jaitley, Finance Minister, said, "When a currency replacement takes place, inconvenience is bound to happen at the start. And every honest man felt he had no reason to worry because of demonetization. It was the major replacement that has taken place in the world. Currently India is becoming aspirational day by day and for job creation, we will have to create a blend of manufacturing sector with the informal sector. We are making India a global manufacturing hub. Recently we made GST look small and that are the kind of reforms India is going towards. Situation is now changing to our advantage and the ability to support economic stability has improved recently. We must look at the areas where we need to improve and follow the roadmap."
Piyush Goel, MoS, Power, Coal and Renewable Energy, said, "We have to create an ecosystem where people are happy to make new investments. Demonetization is providing equal opportunity to all people. Also there is no choice but to Make in India and make for the world. India provides opportunities at a scale to the world and job creation has a plethora of dimensions to look into."
Nirmala Sitharaman, MoS (Independent Charge), Ministry of Commerce & Industry, said, “We are talking about creating space in logistics and Government is investing in developing skilled employment.”
Jeff Immelt, Chairman and CEO, GE, said, "Today we are very upbeat about India. That is because India has a leader who is hardworking, transparent and more importantly willing to take tough decisions that would benefit the country. From a business point of view, the future lies in the interplay of data and analytics and India is suitably poised to ride that wave in the next 5 to 10 years. I am hopeful of India growing sustainably in this global economy and as GE we are committed to partner with India in its growth journey."
The evening was attended by some of the most valued dignitaries in India. The special guests of honour at the event included high profile names such as Arun Jaitley, Finance Minister, Nirmala Sitharaman, MoS, Commerce and Industry, Piyush Goel, MoS, Power, Coal and Renewable Energy.
Other eminent speakers at the event included Jeff Immelt, Chairman & CEO, GE; Anand Mahindra, Chairman, Mahindra Group; Sunil Mittal, Founder & Chairman, Bharti Enterprises; R Seshasayee, Chairman of the Board, Infosys; Sachin Bansal, Co-founder, Flipkart; P K Pujari, Power Secretary; Anil Swarup, Coal Secretary; Ramesh Abhishek, Secretary, DIPP and Shaktikanta Das, Secretary, Department of Economic Affairs to name a few.