India Economic Summit 2024 Concludes: FM Sitharaman, Experts Share Views on Viksit Bharat

"I would like to thank all my business partners and all our colleagues, all our strategic partners and the viewers who believe in us. This is the first such kind of event on our campus and if I have to deliver a vote of thanks then i have to give it to my amazing team. We are proud of what we have done…May this be the start of many wonderful events to come. May the Republic campus become the center of intellectual dialogue, content delivery and unleash a new wave of media in this country," said Republic TV Network's Editor-in-Chief Arnab Goswami "India's progress started with UPI... In 2017, a year into our launch, we said we wanted to build something for every Indian. The idea is that nobody should be left behind. We have more than 50 crore users. We have penetrated 40 percent of India and are reaching Tier 6 cities as well. We have started getting domestic investors in the company as well in 2017," PhonePe Founder Sameer Nigam said. “India is growing faster than any other economy. This is a rising nation with a young population,” said Dr Arvind Panagariya, Chairman, Finance Commission. “We cannot go back to the socialist model…What’s happening in China cannot happen in democratic country like India,” said Dr Arvind Panagariya, Chairman, Finance Commission. 'Work from home was a violation till 2020," said Sanjeev Sanyal, Member, PM-EAC at India Economic Summit 2024. Healthcare costs in the private sector are increasing…There needs to be some restructuring….India is a huge market for health tourism…" said Dr Sanjeev Singh, Medical Director, Amrita Institute of Medical Sciences &amp; Research Centre. Since my childhood, I wanted to start my own business. To bring up Indiazona, we have interacted with numerous business minds…India is at a very progressive stage, It's the right time for businesses to grow…I have learnt the risk taking ability. You need to navigate the risk, instead of avoiding it," said Bhawna Pagaria, Co-Founder &amp; CEO of Indiazona. “Since the last 2 years, we have been trying to localize EV. We are trying to connect everything through the app…We are good to go in big numbers in the future,” said Rajeev Chaba, MD, JSW MG Motor India "If we look at demographics then younger people are buying our cars more and enjoying them…Road infrastructure in India has developed significantly which suits our cars better now… Our cars are safe as well…. The Tax system is also getting better slowlyNow with GST and tax compliances a lot of consumers are able to avail credit. Now woman buyers contribute to 15% of our buyers. We have had a great double-digit growth for the past 3-4 years and it has been improving ever since," Santosh Iyer, CEO, Mercedes India. “Next 25 years will be an amazing for the Indian market. Investors’ confidence in India is at all time high”, said Porinju Veliyath, Founder, Equity Intelligence India. “India is at the beginning of something big. The next twenty years is going to create more wealth than the last 75 years,” said Porinju Veliyath, Founder, Equity Intelligence India. “Crypto is the world’s reaction to the misgovernance. You must embrace crypto, study tax laws. Whenever you see a bad government, crypto does well," Ajay Bagga, Market Expert “We have done well in the last 5 years. Indian Markets have been outperforming other markets. Don’t miss this opportunity is what i keep telling Indian investors,” said Ajay Bagga, Market expert. “If you talk about Doha, Dubai and Kuwait, statistics show that they are all running because of India only today. They are connecting to India. They are taking passengers from here and connecting them to rest of the world. That’s how their airports are viable and their airports are running because of Indians,” said Civil Aviation Minister K Ram Mohan Naidu. “Our Aviation industry is progressing in the direction as per what Indian customers expect. We don’t need to compare ourselves with Emirates airlines or American airlines,” said Civil Aviation Minister K Ram Mohan Naidu “We had 74 airports in 2014. Now we had doubled it upto 157 airports. Number of travellers have also doubled in the past 10 years. No other country has recorded this growth in civil aviation in past 10 years,” said Civil Aviation Minister K Ram Mohan Naidu “India has to compete in areas of quality and value addition…We will have to see a long-term chain of development…We should keep national security as our top priority in terms of trade and investment,” said Chandrajit Banerjee, Director General, the Confederation of Indian Industry. "We are moving from a country of savers to investors. Earlier, banking was about saving money, it was not about investing money. Now we are shifting towards a country that is comfortable with investing," said Rashesh Shah, Chairman, Edelweiss Group. “Mutual funds were an alien product in rural India. However, now, mutual funds are more searched for in rural areas funds than in urban cities. Trends in mutual fund is changing rapidly,” said Sundeep Sikka, ED &amp; CEO, Nippon India MF at India Economic Summit. 'After Us Amul Will Conquer the Market in Europe': Amul MD Jayen Mehta.#IndiaEconomicSummit | Amul for the last 77 years has been trying a lot of things to see the 'taste of India' is not only delivered to the consumers in India but around the world. We have been exporting to over 50 countries for the last several decades: Jayen Mehta… pic.twitter.com/OSpcLPJBuO— Republic (@republic) November 12, 2024 22 billion packs of Amul sold every year globally said Amul MD Jayen Mehta while speaking at India Economic Summit 2024. India Economic Summit 2024 | LIVE https://t.co/JcDS6aLEHS— Republic (@republic) November 12, 2024 India is going to build world's biggest port: Shipping Minister Sarbananda Sonowal said while addressing the IES 2024 Sarbananda Sonowal Delves into Challenges of Shipping and Port Industry India Economic Summit 2024 | LIVE https://t.co/JcDS6aLEHS— Republic (@republic) November 12, 2024 India Economic Summit 2024 | LIVE https://t.co/JcDS6aLEHS— Republic (@republic) November 12, 2024 #IndiaEconomicSummit | Manufacturing has become 'cool.' People are ready to manufacture in India and they are actually opening manufacturing sites: Aman Gupta (@amangupta0303), Co-Founder of boAt @nsitharaman @AdaniOnline @Ravingroup @indiazonafamily @UPGovt @NipponIndiaMF… pic.twitter.com/N6BSFUwZXi— Republic (@republic) November 12, 2024 'Start ups Plays Big Role in releasing PM Modi's Viksit Bharat': Aman Gupta Speaking at India Economic Summit 2024, Boat Founder Aman Gupta said that this is the best time to start your own business. He said, “It is a good time for Entrepreneurs in India.” Boat Founder Aman Gupta at India Economic Summit 2024#IndiaEconomicSummit | Aman Gupta (@amangupta0303), Co-Founder of boAt spills beans on being a 'celebrity' entrepreneur @nsitharaman @AdaniOnline @Ravingroup @indiazonafamily @UPGovt @NipponIndiaMF @AMRITAeduWatch the summit live here - https://t.co/ML5K7tjPZB… pic.twitter.com/4xqWmzw5tw— Republic (@republic) November 12, 2024 'UP is the state with largest number of investors in Stock Market': NSE CEO #IndiaEconomicSummit | Ashish Chauhan (@ashishchauhan), MD &amp; CEO, of National Stock Exchange speaks about the Indian economy and much more at the India Economic Summit at Republic Media Headquarters@nsitharaman @AdaniOnline @Ravingroup @indiazonafamily @UPGovt @NipponIndiaMF… pic.twitter.com/atVkZJQHvq— Republic (@republic) November 12, 2024 'Markets Are the Democracy of the Stock Market': NSE CEO Ashish Chauhan At the fourth edition of Republic's India Economic Summit 2024, Finance Minister Nirmala Sitharaman , when asked by Editor-in-Chief Arnab Goswami on the issue of prioritizing Chinese investments over national interest, firmly stated that the Indian government has 'no compromise here.'Editor-in-chief Arnab said, "How do you balance the economic potential of Chinese investment and investment from other countries with the imperative of making our national interest and economic sovereignty as well" Speaking at India Economic Summit, Finance Minister Nirmala Sitharaman shared her views on the ongoing de-dollarisation debate, emphasizing that India is engaging with countries interested in dealing in the Indian Rupee. Speaking on the issue, Sitharaman noted the growing interest in moving away from the US dollar in international trade, highlighting the importance of strengthening the Rupee’s role globally.She added that the Global South must take the initiative in ‘hand-holding’ itself when it comes to navigating this shift, pointing out that nations should work together to ensure economic stability and independence. Finance Minister Nirmala Sitharaman attended the India Economic Summit 2024, held at Republic Media Network’s headquarters, delivering strong insights into the nation's economic progress and resilience. The summit, a high-profile gathering of industry leaders, policymakers, and influencers, provided a platform for Sitharaman to address recent critiques and share her vision for India’s economic growth.In a candid conversation with Republic’s Editor-in-Chief Arnab Goswami, Sitharaman criticized individuals and groups she believes are undermining confidence in India’s economic trajectory. She voiced her concern about those spreading pessimism in the business, trade, and economic sectors, likening them to "modern-day Shalyas," referring to the Mahabharata's mythological character known for sowing doubt and discouragement.She said, “Those Spreading Negativity are like Modern day Shalyas”.#IndiaEconomicSummit | Each one of us can be assured that we have a vision that has taken India through difficult times and a vision with a strong sense of bearing the challenges. Mr Modi has that kind of leader. A leader of that nature gives confidence to each citizen so that… pic.twitter.com/bjqPziAhdG— Republic (@republic) November 12, 2024 'We are Dynamic in Decision Making': FM Sitharaman at India Economic Summit 2024.#IndiaEconomicSummit | There is only one company bigger than Patanjali turnover-wise, which is Unilever: Baba Ramdev Co-Founder, Patanjali tells Arnab Goswami, Director and Editor-in-Chief of Republic Media Network @nsitharaman @AdaniOnline @Ravingroup @indiazonafamily @UPGovt… pic.twitter.com/IsJEXHVkjW— Republic (@republic) November 12, 2024 PM's Visionary Leadership Takes Every Indian Along: FM Sitharaman Arnab Goswami in Fireside Chat with FM Nirmala Sitharaman FM Nirmala Sitharaman graces India Economic Summit#IndiaEconomicSummit | There is only one company bigger than Patanjali turnover-wise, which is Unilever: Baba Ramdev Co-Founder, Patanjali tells Arnab Goswami, Director and Editor-in-Chief of Republic Media Network @nsitharaman @AdaniOnline @Ravingroup @indiazonafamily @UPGovt… pic.twitter.com/IsJEXHVkjW— Republic (@republic) November 12, 2024 Patanjali Will Contribute to $50 Trillion Economy: Baba Ram Dev 'Patanjali Group's Turnover of 50,000 Crore Have Silenced Critics': Yoga Guru Ramdev.#IndiaEconomicSummit | There is only one company bigger than Patanjali turnover-wise, which is Unilever: Baba Ramdev Co-Founder, Patanjali tells Arnab Goswami, Director and Editor-in-Chief of Republic Media Network @nsitharaman @AdaniOnline @Ravingroup @indiazonafamily @UPGovt… pic.twitter.com/IsJEXHVkjW— Republic (@republic) November 12, 2024 'Have Never Done Anything Immoral': Baba Ram Dev #IndiaEconomicSummit | Baba Ramdev Co-Founder, Patanjali calls Arnab Goswami, Director and Editor-in-Chief of Republic Media Network a warrior and a fighter, says, "For the first time I saw a simple journalist making it so big in life and create such a huge empire. I have seen it… pic.twitter.com/9yCYCz2XfW— Republic (@republic) November 12, 2024 Republic's Nation First instead of News First is Inspiring': Baba Ram Dev at India Economic Summit. At the fourth edition of the India Economic Summit 2024, Aarin Capital Chairman and investor Mohandas Pai delivered insights on building a prosperous India by 2047. Speaking on the theme, ‘$50 Trillion @100,’ Pai shared a strategic blueprint for Viksit Bharat emphasizing the steps necessary to achieve this ambitious economic goal.#IndiaEconomicSummit | "...The tragedy of this country has been, we are not paying the price for democracy, democracy is expensive...:" Mohandas Pai (@TVMohandasPai), chairman of Aarin Capital at Republic Summit@nsitharaman @AdaniOnline @Ravingroup @indiazonafamily @UPGovt… pic.twitter.com/CahxJqOGFO— Republic (@republic) November 12, 2024 He said, “We need to investi in AI and Robotics extensively”.“We’re in a very good shape, but there’s much more work to do,” Pai remarked, stressing that creating high-quality jobs is essential for a developed India. He emphasized the need for investment in AI and robotics to drive innovation and sustain economic growth.Stay tuned for more insights as industry leaders discuss India's economic future at the summit. 'Our priority for 'Viksit Bharat' is Job creation': Mohandas PaiIndia Economic Summit 2024 | LIVE https://t.co/JcDS6aLEHS— Republic (@republic) November 12, 2024 Aarin Capital chairman and Investor, Mohandas Pai in fireside exclusive session with republic at India Economic Summit said, “We Need More People to Stand Up and Speak Their Mind”.India Economic Summit 2024 | LIVE https://t.co/JcDS6aLEHS— Republic (@republic) November 12, 2024 NITI Aayog CEO, BVR Subrahmanyam delivers keynote address at India Economic Summit 2024 said that India is seen as the leader of Global South. India Economic Summit 2024 | LIVE https://t.co/JcDS6aLEHS— Republic (@republic) November 12, 2024 While addressing India Economic Summit 2024, NITI Aayog CEO BVR Subrahmanyam praises India's efforts to mark its global presence, he said, "India's presence on Global stage is undeniable''.India Economic Summit 2024 | LIVE https://t.co/JcDS6aLEHS— Republic (@republic) November 12, 2024 'India Will Be 3rd Largest Economy in Next Three Years': BVR Subrahmanyam at India Economic Summit 2024India Economic Summit 2024 | LIVE https://t.co/JcDS6aLEHS— Republic (@republic) November 12, 2024 BVR Subrahmanyam Delivers keynote Address on Vision 2024India Economic Summit 2024 | LIVE https://t.co/JcDS6aLEHS— Republic (@republic) November 12, 2024 Everything We Do at Republic Is Service of Nation': Arnab Goswami at India Economic Summit 2024India Economic Summit 2024 | LIVE https://t.co/JcDS6aLEHS— Republic (@republic) November 12, 2024 Arnab Goswami, the Editor-in-Chief of Republic Media Network, shared his vision for ‘Viksit Bharat’ at the India Economic Summit 2024.India Economic Summit 2024 | LIVE https://t.co/JcDS6aLEHS— Republic (@republic) November 12, 2024 India Economic Summit 2024 | LIVE https://t.co/JcDS6aLEHS— Republic (@republic) November 12, 2024 #RepublicSummit | Get ready for India's most talked-about economic event of the year - the 'India Economic Summit 2024' - with the biggest &amp; most influential players in the Indian economy coming to you LIVE here : https://t.co/hQa6hZDKuB#ViksitBharatBullseye #IES2024… pic.twitter.com/JSGQCNfT9V— Republic (@republic) November 12, 2024 #RepublicSummit | Get ready for India's most talked-about economic event of the year - the 'India Economic Summit 2024' - with the biggest &amp; most influential players in the Indian economy coming to you LIVE here : https://t.co/hQa6hZDKuB#ViksitBharatBullseye #IES2024… pic.twitter.com/JSGQCNfT9V— Republic (@republic) November 12, 2024 India Economic Summit 2024 | Catch K Ram Mohan Naidu (@RamMNK), Union Civil Aviation Minister; Santosh Iyer (@santiyer), MD &amp; CEO, Mercedes Benz India and Subhrakant Panda (@subhrakantpanda), MD, IMFA &amp; Past President, FICCI among others as the greatest business minds gather… pic.twitter.com/3StQX2BjeE— Republic (@republic) November 12, 2024 India Economic Summit 2024 | Catch K Ram Mohan Naidu (@RamMNK), Union Civil Aviation Minister; Santosh Iyer (@santiyer), MD &amp; CEO, Mercedes Benz India and Subhrakant Panda (@subhrakantpanda), MD, IMFA &amp; Past President, FICCI among others as the greatest business minds gather… pic.twitter.com/3StQX2BjeE— Republic (@republic) November 12, 2024 India Economic Summit 2024 | Catch Sarbananda Sonowal (@sarbanandsonwal), Union Minister of Ports, Shipping &amp; Waterways; Jayen Mehta (@Jayen_Mehta), MD of Amul and Sanjeev Bikhchandani (@sbikh), Founder &amp; Executive Vice Chairman, Info Edge among others as they deep-dive into the… pic.twitter.com/Snm1NZuG9c— Republic (@republic) November 12, 2024 India Economic Summit 2024 | Catch BVR Subrahmanyam CEO of NITI Aayog; Dr Arvind Panagariya (@APanagariya), Chairman, Finance Commission and Mohandas Pai (@TVMohandasPai) Chairman &amp; Investor, Aarin Capital among others as they chart India’s economic future at the most… pic.twitter.com/FAs8UHx6Jx— Republic (@republic) November 12, 2024 India’s Finance Minister, Nirmala Sitharaman , will be the chief guest at the 4th edition of the Republic Media Network’s India Economic Summit on November 12, 2024. The event will take place at the Republic Media Network headquarters, the largest news center in Asia. The summit will focus on the theme "Viksit Bharat: Bullseye", exploring India’s path to becoming a $50 trillion economy by 2047. Sitharaman will lead a discussion on the government's vision, key economic reforms, and policy priorities aimed at driving India towards prosperity and self-reliance.India Economic Summit 2024 | Discover Nirmala Sitharaman’s plan for Viksit Bharat 2047Join us at the India Economic Summit 2024 for an exclusive chat with India's Finance Minister, Nirmala Sitharaman, as she delves into the theme Viksit Bharat on Nov 12, 2024. Discover the… pic.twitter.com/v10MHGH2Rf— Republic (@republic) November 11, 2024 The Republic Media Network is all set to host the fourth edition of the India Economic Summit today, November 12, 2024, at its headquarters — the largest news center in Asia. The event will revolve around the theme "Viksit Bharat: Bullseye," aiming to explore India’s economic potential and its goal of becoming a $50 trillion economy by 2047. The summit will bring together several influential figures from India’s corporate world. Baba Ramdev, founder of Patanjali Ayurved, will discuss the importance of Indigenous industries, particularly in sectors like Ayurveda and natural products, and the potential for India to lead globally by capitalising on its cultural heritage. The Economic Summit will open with a keynote address by BVR Subrahmanyam, CEO of NITI Aayog, who will also outline India’s potential for exponential growth in the next few decades. He will focus on key areas such as policy reforms, innovation, and investment, which will be critical to reaching the $50 trillion target by 2047.Furthermore, Mohandas Pai, Chairman of Aarin Capital, will emphasise the role of entrepreneurship and the private sector in driving India’s economic growth, underscoring the need for sustained innovation to unlock India’s full potential. Discover the key strategies and insights driving India's journey towards becoming a developed nation by 2047. In this engaging session, the Finance Minister will highlight the government's vision, policy priorities, and economic reforms that are paving the way for a prosperous and self-reliant India. The live telecast of the event can be watched by viewers on Republic Media Network's TV channel and its live YouTube channel. The Republic Media Network is all set to host the fourth edition of the India Economic Summit today, November 12, 2024, at its headquarters — the largest news center in Asia. The event will revolve around the theme "Viksit Bharat: Bullseye," aiming to explore India’s economic potential and its goal of becoming a $50 trillion economy by 2047.