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Our Bureau

New Delhi , Nov 26

The 22nd India Economic Summit opened today with a gathering of over 400 business, social and political leaders.

The main focus of the discussion centred on the country's economic scenario and growth potential.

"It is vitally important that Indian succeeds, not only from the Indian perspective but also for the global economy to grow," said Mr Michael Rake, International Chairman of KPMG.

Although India's economic ascendancy has grabbed international attention, the question arises what does India do to go forward, said Mr Nandan Nilekani, Executive Officer and Managing Director of Infosys. "What next? How do we create sustainable growth?"

Mr Mohamed A. Alabbar, Chairman of Emaar Properties, UAE, said that West Asia had always looked at the West, but economies in the West are aging and are achieving slower growth. "Thus the attention is on the East and East is India."

Mr R. Seshasayee, President of the CII, outlined the four pillars of focus at this year's summit as national and State-level competitiveness, managing growth, infrastructure development and risk management.

The two specific aspects that need to be looked into include comprehensive and sustainable growth policies and social issues and risks that India is faced with, according to Mr Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.

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