India's economic reforms has resulted in increasing growth and continued to boost the country's status on to the world stage. According to the World Economic Forum's Global Competitiveness Report 2005-2006, India is ranked 50 out of 117 economies featured in the Growth Competitiveness Index.
As the Indian economy continues to prosper and attract global interests, its government must contend with other prevailing issues such as building its infrastructure and reducing poverty and unemployment. To address these challenges and guide India towards continuing growth will require the involvement of domestic and foreign stakeholders.
The World Economic Forum's India Economic Summit gathered government officials and business leaders within and outside of India. They explored how India can harness its economic potential, tackle its social issues, and improve its global competitiveness.
At the Summit, Atul Dhawan led an interactive "town hall" style meeting: " India Town Hall: Becoming a Top 10 Competitive Economy in 10 Years." Dhawan said businesses should play a proactive role in developing infrastructure without waiting for government to take the lead. Improving India's competitiveness will depend on improving basic infrastructure and reducing waste in government spending, according to the results of the meeting.
Viswanath Singh also represented Deloitte at a private workshop for the Financial Industries program. He collaborated with senior representatives from the international financial marketplace and discussed the evolution of the capital markets in India and the opportunities for and difficulties of strategic and financial investors.
K Kumar spearheaded the release of the report titled “ Indian Manufacturing in a Global Perspective" which coincided with and was featured at the Summit. This report was published jointly by the Indian School of Business, New York University, Purdue University, and Deloitte Research. The manufacturing report further supported the latest analyses of the Deloitte Global Benchmark Study which, during the Summit, generated strong local media coverage.