Reforms can help in regaining peoples confidence in system

Written by Neha Pal | Neha Pal | Updated: May 24 2011, 07:30am hrs
New secretary general of Ficci Rajiv Kumar who succeeds Amit Mitra has told FEs Neha Pal in an exclusive interview that he has a new action plan for the chamber and feels that it would continue to expand strategic tie-ups with global think-tanks. Excerpts :

As the secretary general how do you plan to give Ficci a different positioning compared to other chambers

Ficci would continue to expand strategic tie-ups with global think-tanks and would remain engaged with various events in Brics and G8 countries and with important international forums such as BOAO and Chicago Council. The chamber is determined to strengthen its services to its members and will also expand its membership base. For this purpose, a committee has been initiated under the leadership of RV Kanoria, senior VP, Ficci to spearhead the mission.

What would be focus areas for Ficci

Ficci has come out with nine-point reform agenda for 2011 which includes focus on areas such as higher education and health, agriculture including yields, supply chains, market impediments, water management and conservation, employment generation, environment and green urbanisation, governance reforms, domestic market integration, focus on GST, modernisation of retail trade and improving financial intermediation. Ficci also aims to associate with various thought leaders and think-tanks through varied initiatives to drive change and leverage key trends in India.

With scams like the 2G surfacing in which corporates are also put behind bars. What role would Ficci play to regain the confidence in the system

By focusing on reforms, growth can be brought back and investment climate can be improved in different sectors. This will help in regaining the confidence of people back in the system.

As an economist, how do you think the Indian economy would perform in the next five years

We expect the GDP to be at 7.5-8% this year and with reforms, it can even grow to 9% in the next five years.