The annual Indian Economic Summit began on Thursday in New Delhi. Commerce and Industry Minister Nirmala Sitharaman inaugurated the two-day meet which will focus on issue like digital transformation and regional economic integration.
The inaugural session was attended by Sri Lankan Prime Minister Ranil Wickramasinghe among other dignitaries, while Chief Executive Officer National Institution for Transforming India (NITI) Aayog, Amitabh Kant; Vice-Chairman GE USA, John Rice and Chief Executive Officer One 97 Communications, Vijay Shekhar Sharma will co-chair for this year’s summit.
In a conversation with ANI, Kant said,”We are preparing vision documents for 15 years and strategy for 7 years and an action plan for 3 years on Prime Minister’s direction.”
He added that these documents will be released by Jan-Feb and will cover all sectors.
“It is a path-breaking move will redefine the nation.”
Kant also said that the country needs a radical restructuring of education and health sectors to sustain growth momentum.
According to Chandrajit Banerjee, Director-General of the CII, “India’s economy is widely expected to grow at around eight percent in the medium term. Identifying the right policies so that we sustain this growth rate for a generation would be the key to achieving the development expectations of our country.”
Meanwhile, Sri Lankan Prime Minister Wickramasinghe said, “WEF in Delhi this year says the world is expecting India to translate potential into action… we are at threshold of another historic moment. If the pace of reforms fails to pick up, companies may look elsewhere. Where elsewhere? It has to be India or China. That’s the hard truth. There is no other place to go today,”