Earlier in his address, Ambassador Swashpawan Singh, Permanent Representative of India to the Offices of the United Nations in Geneva, said India is a trillion-dollar economy and to push further growth, India must redefine priorities, promote greater investment and ensure increased access to international markets and have policies for all-round development of its people and economy.
He praised India's efforts to promote exports through inclusive growth. He said this process would only intensify and spread. He, however, cautioned that there was a need to improve the standards of living of the underprivileged to achieve a balanced growth.
He said India must form an international order to promoter peace and prosperity by addressing issues of poverty and hunger. He said India was in the midst of an image make over with a booming economy and a GDP of 8.5%.
He said that to sustain its economic growth, India must ensure increased accessibility to international market and closer interaction with the global economy. This will ensure an inclusive growth, he said.
Commenting on India's role in the international market, he said India's ties with other countries are based on a partnership model. Urging the Indian trade to increase interaction with global business communities, Mr Singh saw a greater role for India's private sector.
In his theme address, Mr Deepak Puri, Chairman, CII ICTE Manufacturing Committee & Managing Director, Moser Baer I India Ltd, said the 8.5% GDP growth is no growth if the benefits do not percolate to the people at the bottom of the pyramid. There is great disparity in Indian economy that must be dome away with, he said.
Speaking on the export agenda of the country, Mr Puri said export promotion needs innovation.
Tracing Moser Baer's successful growth chart, he said innovation was essential to compete in the global market. He said this would lead to value addition to the economy by creating higher employment opportunities.
In his welcome address, Mr Analjit Singh, Chairman, CII International Council & Chairman, Max India Group of Companies, said to continue the great strides made in economic development, India must achieve 9% GDP growth rate, become globally competitive, push for greater integration with the global economy and encourage inclusive growth.
Confederation of Indian Industry
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