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India: Meeting New Expectations
New Delhi, 26-28 November
 The Indian economy’s growth rate has averaged above 7% over the past three years, yet future expectations for growth are even higher. At last year’s India Economic Summit, Prime Minister Manmohan Singh underscored that India should be targeting 10% growth if its savings rate improves, agricultural output increases and infrastructure substantially upgrades. His overarching vision is that of an “inclusive, prosperous, democratic and equitable India.”
A growing issue of concern to the country’s stakeholders, as well as its overseas trade and investment partners, is whether domestic and international expectations will actually be met. Will India’s robust democracy and its economic institutions ultimately ensure healthier, quality growth in the long term? Will state governments assume a much greater role in developing infrastructure and increasing productivity?
An important positive indicator is that much of India’s growth, over 60%, comes from private sector spending. Yet India faces development challenges, especially since agriculture contributes 25% of GDP while employing 70% of the population. How will India prepare its growing young population for new jobs across other industries? The India Economic Summit 2006 will explore in depth the many facets of the country’s economy to identify the opportunities and challenges that will shape the future business environment.
The 22nd India Economic Summit, in partnership with the Confederation of Indian Industry (CII), will be held from 26-28 November in New Delhi. Over 500 business and government leaders from India and abroad will convene along with other key stakeholders of the economy to help shape the country’s growth agenda.
Co-chairs
Mohamed A. Alabbar, Chairman, Emaar Properties, United Arab Emirates
Peter Bakker, Chief Executive Officer, TNT, Netherlands
David Lim Tik-En, Group President and Chief Executive Officer, Neptune Orient Lines (NOL), Singapore
Graham Mackay, Chief Executive, SABMiller, United Kingdom
Nandan M. Nilekani, President, Chief Executive Officer and Managing Director, Infosys Technologies Ltd., India
For more information, please contact:
india@weforum.org
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