The Republic Media Network is all set to host the 4th edition of the India Economic Summit on November 12, 2024, at its headquarters — the largest news center in Asia. The event will revolve around the theme “Viksit Bharat: Bullseye,” aiming to explore India’s economic potential and its goal of becoming a $50 trillion economy by 2047. The summit will feature leading policymakers, business magnates, and industry experts discussing the roadmap for a prosperous, developed India, focusing on innovation, infrastructure, and inclusive growth. The event’s highlight will be the presence of Nirmala Sitharaman , India’s Finance Minister, as the chief guest.
Strategic Vision for India’s Economic Future
The summit will open with a keynote address by BVR Subrahmanyam, CEO of NITI Aayog, who will outline India’s potential for exponential growth over the next few decades. He will focus on key areas such as policy reforms, innovation, and investment, which will be critical to reaching the $50 trillion target by 2047. Mohandas Pai, Chairman of Aarin Capital, will emphasise the role of entrepreneurship and the private sector in driving India’s economic growth, underscoring the need for sustained innovation to unlock India’s full potential.
<
Industry Leaders To Share Insights
The summit will bring together several influential figures from India’s corporate world. Baba Ramdev, founder of Patanjali Ayurved, will discuss the importance of Indigenous industries, particularly in sectors like Ayurveda and natural products, and the potential for India to lead globally by capitalising on its cultural heritage.
The Billionaire Mindset panel will feature Rashesh Shah, Chairman, Edelweiss, and Sundeep Sikka, CEO of Nippon MF, who will discuss India’s evolving financial landscape and investment strategies. They will explore how the growth of retail investors and financial literacy is driving wealth creation in India.Focus on Digital Transformation and Innovation
The digital revolution will be a key focus at the summit. Sanjeev Bikhchandani of InfoEdge and Sarabvir Singh, CEO of PolicyBazaar will highlight India’s booming digital economy. They will describe India as a “digital goldmine,” with a billion connected users and a rapidly expanding fintech sector.
The automotive sector will also take centre stage, with Santosh Iyer, MD and CEO of Mercedes, Bipul Chandra, MD, Ducati, and Rajeev Chaba, CEO Emeritus, JSW MG Motors discussing India’s growing market and its potential as a global manufacturing hub.
A Roadmap for Global Competitiveness
The summit will further delve into India’s role in global trade and geopolitics. Sarbananda Sonowal, Minister for Ports, Shipping, and Waterways, will outline the government’s plans to improve trade infrastructure and streamline the movement of goods. He will emphasise how such initiatives will position India as a global logistics hub. Meanwhile, Chandrajit Banerjee of CII and Subhrakant Panda of FICCI will discuss strategies to harness India’s industrial capacity and workforce, enabling the country to become a competitive player in the global market.
The event will conclude with Aman Gupta, Co-Founder of BoAt sharing his journey of building a successful global brand. He will inspire entrepreneurs to think beyond national borders, encouraging them to take Indian innovations to the world stage.
India’s Path to 2047
As the summit draws to a close, the message will be clear: India’s economic future is bright, and the path to becoming a $50 trillion economy by 2047 is achievable. With concerted efforts from both the government and industry, India is set to lead the world in growth and innovation. The India Economic Summit 2024 will mark a new chapter in India’s economic journey, one that focuses on collaboration, digital transformation, and sustainable growth. Through forward-thinking policies and continued investments, India will be on track to meet its ambitious economic goals, positioning itself as a global powerhouse by 2047.
