PM to Ad­dress GBS on Mar 27

Modi is ex­pected to re­in­force com­mit­ment to re­forms for a bet­ter to­mor­row

The Economic Times - - Front Page - Our Bureau

New Delhi: Prime Min­is­ter Naren­dra Modi will be the star at­trac­tion at this year’s Global Busi­ness Sum­mit, pre­sented by YES Bank and The Eco­nomic Times, on March 27-28 in Delhi. The PM will ad­dress the third edi­tion of GBS on the evening of March 27.

At the first GBS, in Jan­uary 2015, the prime min­is­ter had dared In­dian busi­ness lead­ers to dream of a $20-tril­lion econ­omy. And, at last year’s edi­tion of the event, he spelt out his elab­o­rate vi­sion for re­boot­ing In­dia.

The prime min­is­ter is ex­pected to de­liver a pow­er­ful mes­sage of in­spi­ra­tion this year as well. More so be­cause In­dia is an is­land of sta­ble pros­per­ity in an in­creas­ingly un­cer­tain global en­vi­ron­ment. It is also a rare ex­am­ple of a ma­jor econ­omy where pol­i­cy­mak­ers are tak­ing big, bold de­ci­sions to speed up growth. This year FDI is likely to be at record lev­els. This year the PM’s mes­sage will be all the more ea­gerly an­tic­i­pated. Since the last GBS, Par­lia­ment has passed key leg­is­la­tion, no­tably the GST and the Bank­ruptcy Bill. In Novem­ber, the PM un­veiled the big­gest re­form of all, de­mon­eti­sa­tion, a move in­tended both to crack down on the black econ­omy as well as to boost dig­i­tal modes of pay­ment. Other ini­tia­tives such as im­prov­ing the ease of do­ing busi­ness and ‘Make in In­dia’ ap­pear to be gain­ing trac­tion with com­pa­nies such as Ama­zon, Mi­crosoft and Google as well as man­u­fac­tur­ing com­pa­nies an­nounc­ing ma­jor in­vest­ments.

As with the past two years, the au­di­ence will con­sist of a large con­tin­gent of del­e­gates from across the globe, the who’s who of the In­dian po­lit­i­cal elite and cap­tains of in­dus­try. Also at­tend­ing will be a glit­ter­ing sup­port­ing cast of global thought lead­ers and CEOs.

At the last GBS, the prime min­is­ter said his gov­ern­ment’s goal was “re­form to trans­form”. At the up­com­ing event, he’s ex­pected to re­in­force his com­mit­ment to change for a bet­ter to­mor­row.


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