- Finance, Corporate Affairs and Defence Minister Arun Jaitley will open India Economic Summit
- The summit is hosted by the World Economic Forum in partnership with the Confederation of Indian Industry
- More than 700 participants from 45 countries will take part in the summit from 4 to 6 November
- Inclusive growth, competitiveness, health and infrastructure are the focus of the summit
New Delhi, India, 3 November 2014 – The World Economic Forum, in partnership with the Confederation of Indian Industry (CII), is hosting the India Economic Summit in New Delhi this week on 4-6 November.
Under the theme, Redefining Public-Private Cooperation for a New Beginning, the summit convenes against a backdrop of significant economic growth and progress in reducing poverty in most parts of India, but also persistent inequality. The programme is built on three pillars: Boosting Global Competitiveness; Launching a Domestic Systems Reset; and Scaling Local and Social Innovation. More than 700 leaders from business, government, civil society and academia from 45 countries will take part.
“India’s progress depends fundamentally on the ability of its leaders to take the bold decisions necessary to transform the country’s economy and society. By bringing together leaders from politics, business and across society, we hope the summit will offer an environment where such decisions can be catalysed, and where commitment and creativity can be drawn on to build a future fit for all Indians,” said Viraj Mehta, Director, Head of India and South Asia, World Economic Forum.
“The meeting comes as the new government completes six months in office,” said Chandrajit Banerjee, Director-General, Confederation of Indian Industry (CII). “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.”
Led by Finance, Corporate Affairs and Defence Minister Arun Jaitley, key public figures from India who will participate are: Nitin Jairam Gadkari, Minister of Road Transport, Highways and Shipping; Piyush Goyal, Minister of State for Power, Coal, New and Renewable Energy; Smriti Zubin Irani, Minister of Human Resource Development; Ravi Shankar Prasad, Minister of Communications and Information Technology; and Nirmala Sitharaman, Minister of State for Commerce and Industry. They will be addressing thematic sessions on the most pressing issues for the country and the administration, such as infrastructure, energy, skills and education, and telecommunications.
Heads of state/government and international public figures who will participate include: Daniel Kablan Duncan, Prime Minister of Côte d’Ivoire; Paul Kagame, President of Rwanda; Shimon Peres, President of Israel (2007-2014); Kwesi Amissah-Arthur, Vice-President of Ghana;William Danvers, Deputy Secretary-General, Organisation for Economic Co-operation and Development (OECD); and Rajiv Shah, Administrator, US Agency for International Development (USAID).
The Co-Chairs of the summit are: Shobhana Bhartia, Chairperson and Editorial Director, HT Media, India; James Hogan, President and Chief Executive Officer, Etihad Airways, United Arab Emirates; Yorihiko Kojima, Chairman of the Board, Mitsubishi Corporation, Japan; Anand Mahindra, Chairman and Managing Director, Mahindra & Mahindra, India; and Sharmeen Obaid Chinoy, Documentary Filmmaker, SOC Films, Pakistan.
The World Economic Forum is an international institution committed to improving the state of the world through public-private cooperation in the spirit of global citizenship. It engages with business, political, academic and other leaders of society to shape global, regional and industry agendas.
Incorporated as a not-for-profit foundation in 1971 and headquartered in Geneva, Switzerland, the Forum is independent, impartial and not tied to any interests. It cooperates closely with all leading international organizations (www.weforum.org).