Global Agenda Council on India 2012-2014
Two decades since the Indian economy started to liberalize, which led to unparalleled growth, the country is facing new challenges. Growth has slowed, inflation is on the rise, voters are losing trust in their leaders and the confidence of investors is waning. Yet despite this, India is expected to overtake Japan as the world’s third largest economy by 2015 and surpass China as the most populous nation by 2030. The promise of favourable demographics, a rising middle class, improved trade relations with Pakistan, and a successful business sector indicate there is an opportunity to shape India’s next wave of economic growth and transformation in international affairs.
What the Council is doing about it
To address current challenges and shape India’s next wave of economic growth and internal transformation, the Global Agenda Council on India has identified three areas here it can make a contribution: inclusive governance, inclusive growth, and India-Pakistan relations.
Building on recent inclusive governance, transparency and anti-corruption efforts in India, the Council published a report entitled Transparency for Inclusive Governance in collaboration with PricewaterhouseCoopers that was launched at the 2012 World Economic Forum on India. The report provides some critical recommendations for policymakers.
To move the needle on the issue of inclusive growth, the Council is developing an initiative entitled “Impact Investing Towards Inclusive Growth.” The initiative is intended to convene and help connect leaders in the fields of impact investing and social entrepreneurship to foster greater understanding of opportunities for impact investing in India.
The Council is also in the process of developing a student exchange programme and cross-border internships for college students in India and Pakistan. To raise awareness of the initiative, the Chair of the Council on India and the Chair of the Council on Pakistan published a joint op-ed in the leading Indian daily, The Indian Express.
“Yet despite this, India is expected to overtake Japan as the world’s third largest economy by 2015 and surpass China as the most populous nation by 2030.”
Looking ahead, the Council not only implement the India- Pakistan exchanges, but also organize an “Impact Investing for Inclusive Growth” dialogue series. The council is hosting a high level roundtable on Impact Investment in New Delhi on September 27th, aimed at contributing to an informed dialogue on impact investment. The roundtable will highlight the success stories of partnership between big business houses and social enterprises. Within the area of inclusive governance, the Council will continue collaborating with the Forum’s Partnering Against Corruption Initiative to help develop inclusive governance solutions for India. In addition, the Council is examining how businesses and governments can achieve development in particular regions. In its initial phase, the project will focus specifically on the city of Ludhiana in northern India.
To get involved please contact
Research Analyst: Tiffany Misrahi, Senior Associate, Global Agenda Councils, firstname.lastname@example.org
Council Manager: Akanksha Khatri, Programme Manager, Asia Team, email@example.com
Forum Lead: Viraj Mehta, Director, Head of India, firstname.lastname@example.org
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