India Economic Conclave 2023: empowering India's economic growth

India Economic Conclave 2023: empowering India's economic growth

IEC 2023 sparks discussions on India's global superpower status with policymakers and leaders.

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Mumbai: India’s premium broadcast network, Times Network, is hosting the ninth edition of its annual signature event, India Economic Conclave (IEC) scheduled on  01 & 02 June 2023 at Taj Palace, New Delhi. A distinguished global platform, India Economic Conclave has been instrumental in shaping a national discourse on the country’s economic growth. Driving the theme, “India: The Emerging Third Superpower", IEC 2023 will lead critical conversations with eminent policymakers, global visionaries, and iconic leaders from India Inc on India's growth as a leading global superpower.

Times Network India Economic Conclave 2023, Amitabh Kant, G20 Sherpa of India said, “India is setting the agenda for G20 and the world is following us. G20 is not a political forum. It’s a platform for growth, development, and financial prosperity. We are living in a world of politics, but all the political issues must be discussed in the UN security council. We must remain focused on the economy. Covid has left 200 million people below the line, 100 million people have lost their jobs and 75 countries are facing a debt crisis, these issues must be brought to the centre stage for emerging markets instead of raising issues of the Russia-Ukraine war. Since India is setting a precedent at the G20 summit, the job of India is to bring consensus on a vast range of issues including climate, economic and developmental issues. If we are not able to use our leadership to provide impetus to growth, climate action, sustainability, etc, then we will be failing. Our objective is to bring all 20 countries including China and Russia on board on specific development issues. India does 11x fast payments than America or the UK do together, we do about 50 per cent of the real-time payments in the world, and we have provided approx. 40 million houses, 110 million toilets for our citizens, 240 million pipe water connections and we have built 55K of roads. All of this is the reflection of the political and developmental narrative. We need to provide a vast amount of resources towards entrepreneurs who are pushing towards climate change. World Bank is not able to raise money from the private sector which has about 350 trillion dollars. They need to invest more in developing countries through blended finance, and credit enhancement towards emerging markets. The important thing to understand is that emerging markets are growing at an all-time high and most of the growth will come from these emerging markets in the next four to five decades”.