India’s recent economic growth has surpassed even the most optimistic predictions, solidifying its position as the world’s fastest-growing major economy. This has raised expectations, especially with Prime Minister Modi’s goal of achieving a $10 trillion economy. To accomplish such ambitious targets, a unified vision for growth is essential, requiring a nationwide assessment of opportunities, challenges, and developmental pathways.
The Growth Summit, titled “A Vision for a $10 Trillion Economy,” presented by CNBC-TV18 and YES BANK in collaboration with Max Life Insurance, aims to create a consensus for new growth. This platform brings together business leaders, policymakers, experts, and visionaries across five cities to explore how sectoral strengths and regional business trends can accelerate India’s progress towards a $10 trillion economy.
The series of Growth Summits will reconcile sectoral and regional business prospects with the country’s growth priorities. Each edition will incorporate the unique features of the host city’s business landscape into an overarching vision of national development.
Prashant Kumar, Managing Director and CEO of YES BANK, emphasizes the importance of convening wealth creators and decision-makers to envision India’s economic future. He expresses eagerness to engage with leaders, policymakers, and experts to contribute positively to India’s economic growth dynamics.
The inaugural Growth Summit, themed ‘Turning Aspirations Into Assets: How India’s wealth can spark a new cycle of growth,’ is scheduled for February 8, 2024, in Mumbai. It will leverage the city’s financial prominence to discuss how investment trends can be directed towards achieving key developmental outcomes. The event will feature a fireside chat with a top institutional leader and two panel discussions on reviving private investment and fostering a growth mindset.
Max Life Insurance’s involvement in the campaign is highlighted by Prashant Tripathy, Managing Director and CEO, emphasizing the need for financial security as India aims for exponential growth. He states that strong financial protection is crucial to building a resilient economy and ensuring stability for the present and future.
Following Mumbai, the Growth Summit will be held in Ahmedabad, Bangalore, Delhi, and Hyderabad, focusing on each city’s dominant growth areas and their significance in India’s larger growth narrative. Each edition will showcase local business trends, broadcast nationally by CNBC-TV18, fostering conversations on India’s development and creating an integrated approach to growth across sectors and regions.
Shereen Bhan, Managing Editor of CNBC-TV18, sees this as an opportunity to stimulate discussions on India’s development and create a holistic approach to growth. The Growth Summit aims to provide audiences with insights into India’s growth potential, along with the opportunities and benefits it brings, contributing to the dream of a developed India.
credit by forbes india
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References:
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