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India suitably poised for data, analytics interplay, says GE chairman

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MUMBAI: ET NOW, a leading business news channel, organised the 3rd India Economic Conclave themed, ‘The Big Leap’ in partnership with Bennett University and Boehringer Ingelheim, in New Delhi on Friday. The event will be made into a series of episodes that will air on ET NOW.

The eventful evening saw top minds debating and conversing about topics like, ‘The Quick Fix’ – where India’s top bureaucrats deliberated on the top 10 quick fixes for the economy; ‘Putting India First – The 10 Point Agenda’ – a power packed panel comprising of India’s policymakers and corporate India; ‘The Plenary Sesion – The Big Leap’ – A fireside chat between Arun Jaitley, Minister of Finance, Jeff Immelt, Chairman & CEO, GE and Anand Mahindra, Chairman, Mahindra Group.

Times Network MD and CEO MK Anand said, "The historic changes in the global and national socio-economic environment demanded some really deep discussion and our speakers were probably the best, being key decision makers themselves."

Finance minister Arun Jaitley said, "When a currency replacement takes place, inconvenience is bound to happen at the start. And every honest man felt he had no reason to worry because of demonetisation. India is becoming aspirational day by day. For job creation, we will have to create a blend of manufacturing sector with the informal sector. We are making India a global manufacturing hub. Recently we made GST look small and that are the kind of reforms India is going towards."

MoS power, coal and renewable energy Piyush Goel said, "We have to create an ecosystem where people are happy to make new investments. Demonetidation is providing equal opportunity to all people."

MoS (independent charge), ministry of commerce & industry Nirmala Sitharaman said, “We are talking about creating space in logistics, and government is investing in developing skilled employment.”

GE chairman and CEO Jeff Immelt said, "From a business point of view, the future lies in the interplay of data and analytics, and India is suitably poised to ride that wave in the next five to 10 years."

Other eminent speakers included Mahindra Group chairman Anand Mahindra, Bharti Enterprises chairman Sunil Mittal, Infosys chairman R Seshasayee, Flipkart co-founder Sachin Bansal, power secretary P K Pujari, Coal secretary Anil Swarup, DIPP secretary Ramesh Abhishek, and Department of Economic Affairs secretary Shaktikanta Das.

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