Building A Global Narrative

India Global Forum
9 Mar 202416:45

Summary

TLDRIn this engaging discussion, the esteemed member of India's Economic Advisory Council and renowned economist, Sanjeev Sanyal, addresses misconceptions about India perpetuated by Western media. He argues that the media's agenda-driven narratives are not due to a lack of information. Sanyal emphasizes the importance of India's economic success and the need for continued reforms to maintain growth. He also highlights India's geopolitical role and the positive impact of the Indian diaspora on global perceptions. Sanyal concludes by inviting global investment and feedback, expressing India's commitment to becoming a developed nation by 2047.

Takeaways

  • 🌍 Western media's portrayal of India is often agenda-driven and not due to a lack of information.
  • 🎙️ Direct communication through social media and events can be more effective in shaping India's narrative than relying on traditional media coverage.
  • 📉 Global rankings by think tanks often unfavorably portray India, reflecting a bias rather than a misunderstanding.
  • 💪 India's rapid economic growth and geopolitical role are changing its international image and influence.
  • 🔄 The success of the Indian diaspora worldwide contributes positively to India's global perception.
  • 🚀 India's future growth depends on sustaining its economic performance and implementing necessary reforms over the next 25 years.
  • 🏛️ India needs to modernize its judicial and bureaucratic systems to support continued growth and development.
  • 🏙️ Urban and municipal reforms are crucial for improving city infrastructure and services within India.
  • 🚫 Policymakers should not dictate investment areas; instead, they should facilitate an environment conducive to entrepreneurs and investors.
  • 🤝 India is open to feedback and investment from global partners to mutual benefit.
  • 🇮🇳 India aims to become a developed country by 2047, marking 100 years of freedom.

Q & A

  • What is the main issue with Western media's portrayal of India according to the guest?

    -The guest believes that Western media often gets their portrayal of India wrong due to agenda-driven narratives, rather than a lack of information. They are not interested in understanding the true situation but rather in telling a particular story.

  • How has the guest's view on Western media's portrayal of India evolved over time?

    -Initially, the guest thought that Western media was misinformed and needed education. However, over time, they concluded that the bias is intentional and driven by various factors such as ideology and corporate interests.

  • What was the guest's experience with a New York Times journalist during the COVID lockdown?

    -The guest had an interview with a New York Times journalist during the COVID lockdown where they felt the journalist was not interested in understanding their perspective. Instead, the journalist was trying to trip them up to get a quote for their story. The guest recorded the conversation and posted it on YouTube.

  • How does the guest suggest India should respond to negative global perceptions and rankings?

    -The guest suggests that India should focus on succeeding and building its own think tanks and capabilities to create its own indices and rankings. They also emphasize the importance of using social media and direct engagement with various stakeholders to change the narrative.

  • What impact has the Indian diaspora had on the global perception of India?

    -The success of the Indian diaspora globally has significantly changed the perception of India. Indian expatriates have become CEOs of major companies, and there are Indian-origin Prime Ministers and presidents in various countries, which has positively influenced how India and Indians are perceived internationally.

  • How is India's rapid economic growth reshaping its global narrative?

    -India's rapid economic growth has changed its global narrative by increasing its geopolitical significance. India is becoming a major economy and a key security provider in the Indian Ocean region, which was not anticipated a year ago.

  • What are the key reforms the guest believes India needs to focus on in the coming years?

    -The guest highlights the need for judicial system reform, administrative reforms to modernize the bureaucracy, and municipal reforms to improve urban services. These reforms are essential to sustain India's economic growth and development.

  • What is the guest's stance on the government deciding where investments should be made?

    -The guest strongly believes that policymakers should not decide where investments should be made. Instead, they should ensure that the government provides the necessary infrastructure and then allow entrepreneurs to take risks and drive the economy.

  • What is the guest's final message to the audience?

    -The guest encourages the audience to recognize that this is an exciting time for India. Policymakers are committed to keeping India on track, focusing on necessary reforms, and being open to feedback and investment from global partners.

  • How does the guest view the role of social media in shaping India's narrative?

    -The guest sees social media as a powerful tool in directly reaching out to various stakeholders, including investors and the general population, which has led to a palpable change in India's image internationally.

  • What is the significance of India's demographic situation in relation to its economic growth?

    -Despite being the world's fastest-growing major economy, India remains a poor country when considering its large population. Sustained economic growth and development are necessary for India to reach developed country status by 2047, its 100th year of freedom.

Outlines

00:00

🤝 Introduction and Western Media's Perception of India

The paragraph begins with a warm welcome to the session and introduces a distinguished guest, an economist and member of the Economic Advisory Council to the Prime Minister of India. The conversation quickly delves into the topic of Western media's portrayal of India. The guest shares that while initially he believed the media was misinformed, he has come to realize that the coverage is driven by certain agendas rather than a lack of information. He provides an anecdote from the COVID lockdown where his interview with a New York Times journalist was used out of context, highlighting the media's tendency to shape a particular narrative. He concludes that the Western media no longer solely influences perceptions of India due to the prevalence of social media and other direct communication channels, and suggests that India should focus on reaching out directly to various stakeholders to change the narrative.

05:01

🌍 Deliberate Misrepresentation in Global Rankings and Indices

This paragraph discusses the deliberate misrepresentation of India in various global rankings and indices, particularly those produced by Western think tanks. The guest argues that these entities often rank India poorly across different metrics, such as democracy, academic freedom, and media freedom, without a fair or accurate representation. He shares his experiences of engaging with these think tanks by providing evidence that challenges their methodologies. However, he notes that despite these efforts, the negative portrayal persists. The guest emphasizes the importance of India building its own think tanks and creating its own indices to reverse this gaze and shift the global narrative. He also highlights the success of India's image internationally through direct communication with investors, academia, and the general population, regardless of the biased media and think tank reports.

10:01

🌐 The Impact of India's Growing Economy and Geopolitical Role

The guest discusses how India's rapid economic growth and evolving geopolitical role are reshaping its global narrative. He emphasizes the significance of India's size and economic performance, which have led to a change in its image, especially post-COVID. The guest notes that India is on track to become the world's third-largest economy within the next 24 months and highlights the country's newfound role as a security provider in the Red Sea and Arabian Sea area due to the Indian Navy's involvement. He suggests that India's focus should be on building partnerships and continuing its growth trajectory, while also acknowledging the need for continuous reforms in various sectors, including the judiciary system, administration, and urban infrastructure, to sustain its development over the next 25 years.

15:02

🚀 India's Vision for the Future and Policymakers' Role in Investment

In the final paragraph, the guest outlines India's long journey towards becoming a developed country by 2047, the 100th year of its freedom. He stresses the importance of sustaining economic growth and continuing reforms over the next 25 years to achieve this goal. The guest also addresses the aging population issue, which India will face in the coming years, similar to China. He talks about the need for reforms in the judiciary system, administration, and urban infrastructure to build the India of dreams. Regarding investment, the guest believes that policymakers should not dictate where investments should be made but should instead focus on providing the necessary infrastructure and creating a conducive environment for entrepreneurs to take risks and invest. He invites global partners for collaboration and expresses openness to feedback and policy reassessment to ensure India's continued progress.

Mindmap

Keywords

💡Western Media

Western Media refers to news and information outlets based in Western countries, which the guest believes may not always portray India accurately. The guest feels that instead of being misinformed, these media outlets have a particular agenda that influences their narratives. This is evident when the guest talks about their experience with a New York Times journalist, where there was a lack of genuine interest in understanding the guest's perspective.

💡Perception

Perception refers to the way something is regarded or understood, which in the context of the video, relates to how India is viewed by Western media and the global community. The guest argues that despite negative coverage, the perception of India is changing positively due to direct engagement through social media and other platforms, bypassing traditional media.

💡Economic Advisory Council

The Economic Advisory Council is a group of experts that provides advice to the Prime Minister of India on economic matters. The guest is a member of this council and discusses India's economic progress and challenges, emphasizing the importance of reforms and maintaining growth to achieve developed country status by 2047.

💡Agenda

Agenda refers to a set of goals or a plan of action, which in this context, the guest suggests is driving the narrative presented by Western media. The guest believes that this agenda is not based on a lack of information but rather on ideological, corporate, or other interests that shape the stories told about India.

💡Global Rankings

Global Rankings are lists that rank countries based on various indices such as democracy, academic freedom, or media freedom. The guest criticizes these rankings, stating that they often portray India unfavorably and are driven by biased methodologies. The guest suggests that India and other countries should develop their own think tanks and ranking systems to counter this bias.

💡Indian Diaspora

The Indian Diaspora refers to the spread of people of Indian origin across the world. The guest highlights the positive impact of the successful Indian diaspora on the global perception of India. The success of Indians abroad, such as CEOs of major companies and political leaders, has changed the stereotype of Indians and positively influenced India's international image.

💡Geopolitical Role

Geopolitical Role refers to the influence and involvement of a country in international political affairs. The guest mentions India's growing geopolitical role, particularly in the Red Sea and Arabian Sea region, where the Indian Navy plays a crucial role in maintaining trade routes. This development has enhanced India's status as a significant security provider in the Indian Ocean region.

💡Economic Growth

Economic Growth refers to the increase in a country's productive capacity and wealth. The guest emphasizes the importance of sustaining economic growth for India to become a developed country by 2047. This growth is seen as essential for improving the living standards of India's large population and for the country to maintain its global competitiveness.

💡Reforms

Reforms are changes made to improve or modify a system. The guest discusses the need for continuous reforms in India, including judicial, administrative, and municipal reforms. These reforms are necessary to maintain India's economic growth, improve the delivery of services, and create a more efficient and effective government.

💡Investment

Investment refers to the commitment of money or resources with the expectation of achieving a profit or benefit. The guest encourages investment in India, stating that the government's role is to provide infrastructure and create a conducive environment for entrepreneurs to take risks and innovate. The guest refrains from specifying particular areas for investment, believing in the market's ability to identify opportunities.

💡2047

The year 2047 holds significance as it marks 100 years of India's independence. The guest mentions this year as the target for India to become a developed country, emphasizing the long-term goal and the sustained effort required to achieve this status. It serves as a milestone for India's progress and development.

Highlights

India's story is a 10,000-year-old epic, highlighting the country's deep historical roots.

The guest is a member of the Economic Advisory Council to the Prime Minister of India, an economist, historian, writer, and author, showcasing the multidisciplinary approach to understanding India's story.

Western media's portrayal of India is often driven by certain agendas rather than a lack of information, indicating a shift in understanding the reasons behind media narratives.

The perception of India in Western media has evolved over time, with the speaker noting that education does not necessarily improve the situation.

The COVID-19 lockdown exposed the media's tendency to focus on specific narratives rather than accurately understanding and reporting the situation.

The speaker served as an unofficial spokesperson for the finance ministry during the pandemic, providing firsthand insights into India's economic management.

The rise of social media and alternative platforms has diminished the influence of traditional Western media on perceptions of India.

India's image internationally has seen a palpable change despite negative media coverage, due to direct engagement with various stakeholders.

Agenda-driven narratives are prevalent in global rankings produced by Western think tanks, often placing India in unfavorable positions.

The speaker advocates for India and the global South to build their own think tanks and create their indices, as a way to counterbalance the current narrative.

The success of the Indian diaspora globally has positively influenced perceptions of India and changed stereotypes over time.

India's rapid economic growth has reshaped its global narrative, with the country becoming the world's fastest major economy.

India's geopolitical role has expanded, particularly in the Red Sea and Arabian Sea area, where the Indian Navy plays a crucial security role.

The focus for India is to sustain its economic performance over the next 25 years to achieve developed country status by 2047.

India faces the challenge of aging population in the future, similar to China, emphasizing the importance of seizing the current opportunity.

Continued economic reforms are essential for India's growth, including upgrading the judicial system and bureaucracy to meet 21st-century demands.

Municipal reforms and urban service delivery are key areas of focus for India's intra-city infrastructure development.

The speaker emphasizes the importance of policy makers not deciding where investments should be made, but rather creating an environment conducive to entrepreneurs.

The message to the audience is that India is at an exciting stage, with policy makers committed to keeping India on track and open to feedback for further improvement.

Transcripts

play00:05

hello everyone and a very warm welcome

play00:07

to our next session and uh I have a very

play00:10

very special guest with me here today

play00:12

thank you so much for joining us however

play00:14

first and foremost um did you know that

play00:16

India's story is a 10,000 year old epic

play00:20

so I'm told and we are incredibly lucky

play00:22

to be joined by the member of the

play00:24

economic advisory Council to the prime

play00:26

minister of India you're also an

play00:28

economist a historic a writer and an

play00:32

author and you are here to tell us

play00:35

exactly what has shaped the story of

play00:38

India so very one welcome to sanjie

play00:40

saniel thank you so much pleased to be

play00:46

here right I think we're going to dive

play00:48

straight into Western media okay just

play00:53

dive straight in there um what do you

play00:56

think what do you think Western media

play00:59

gets wrong about India and especially as

play01:02

Western media is very sort of very

play01:04

watchful in terms of of of political and

play01:06

Global Affairs here as well what do you

play01:08

think they get wrong and how does this

play01:10

type of coverage change perceptions of

play01:13

the country as

play01:15

well so let me say that my views on this

play01:18

have evolved over time so in the till if

play01:22

you ask me 5 six years ago I would have

play01:26

said they're misinformed and they need

play01:27

to be educated but over over time I've

play01:30

come to the conclusion that it is not a

play01:32

lack of

play01:33

information uh and education is not

play01:36

going to improve anything because

play01:38

basically it is driven by certain agenda

play01:41

it may be ideological it may be

play01:43

corporate interests it may be you know

play01:46

all kinds of other reasons but it is not

play01:48

because they don't have the correct

play01:50

information they just want to tell a

play01:51

particular story and they're going to

play01:52

tell that anyway and that really came

play01:56

across to me when during the covid

play01:59

lockdown there was as you know there was

play02:01

a lot of disruption uh everywhere in the

play02:03

world and I was kind of like The

play02:05

Unofficial spokesperson of the finance

play02:07

ministry at that time and you know I was

play02:09

trying to explain to the media um how we

play02:12

were managing our uh economy now today

play02:16

everybody agrees that it we did a good

play02:17

job but at that time it wasn't clear and

play02:20

there is a there was a New York Times uh

play02:23

journalist who decided to interview me

play02:26

and unknown to her I recorded the whole

play02:30

uh session and then I put it up on

play02:33

YouTube so any of you can listen to it

play02:35

as well so if you listen to it you will

play02:36

see it's in one hourong conversation in

play02:39

which the journalist is trying

play02:41

repeatedly to put words in my mouth

play02:44

there's literally no interest in

play02:46

understanding what I'm saying they just

play02:48

trying to uh trip me up to say something

play02:50

which they would then quote it's a

play02:52

different matter I recorded the whole

play02:53

thing and put it up in YouTube and it it

play02:55

became quite a bestseller in its own

play02:57

right but I'm just telling you I don't

play03:00

think um it's a matter of

play03:02

Education the good news is twofold first

play03:06

of

play03:07

all the Western media actually no longer

play03:10

drives perceptions of India or anything

play03:12

indeed in the west because most Ordinary

play03:16

People or even opinion makers in the

play03:19

west do not derive their opinions from

play03:21

their own

play03:23

media otherwise you know president Trump

play03:26

would not be on a comeback Trail right

play03:28

now if you went by the media reports

play03:30

right so since they do not believe

play03:32

anything in their own countries they do

play03:33

not consequently believe what they say

play03:35

about India either the second thing is

play03:39

there are now lots of different Avenues

play03:41

of getting your story out so there's

play03:44

obviously social media of all kinds

play03:46

Twitter Etc

play03:48

um then you have um

play03:52

podcasts uh you have events like this

play03:54

and so what I have found is that as a

play03:57

country the more the better use of our

play04:01

time is to actually directly reach out

play04:04

using social media using events reaching

play04:06

out to universities reaching out to

play04:07

investors and so on and you can see a

play04:10

palpable change in The Narrative of

play04:12

India with very little change in the

play04:15

coverage of India in the

play04:17

media so it tells you very clearly that

play04:19

actually we shouldn't bother so much

play04:21

with what the Western media says at all

play04:23

so you're quite untrusting when it comes

play04:25

to to Western Media or media I suppose

play04:28

in general and you think I conclusion

play04:30

it's a it's irrelevant now and as you

play04:32

said agender driven basically but as you

play04:35

said you know the rise of social media

play04:37

it really has completely changed the

play04:40

media landscape and as you said you can

play04:41

reach different segments and it's uh

play04:43

it's your own narrative at the end of

play04:45

the day as well um what about you know

play04:48

recent anti-india sentiments do you

play04:51

think it's from uh misconceptions or a

play04:55

lack of understanding and do you think

play04:56

that India's got to stand up for itself

play04:59

in some respects or is it just business

play05:00

as usual like just carry on so as I said

play05:03

um a lot of the coverage is not a

play05:05

misunderstanding it is deliberate um

play05:08

agenda driven narratives and this is

play05:12

done in all kinds of ways we discussed

play05:13

the media but there are all kinds of

play05:15

other ways in which is done for example

play05:17

you know there is now a proliferation of

play05:20

these think tanks uh again mostly in the

play05:23

west who uh now routinely come up with

play05:27

these Global rankings of everything on

play05:28

Earth

play05:30

and in all of them almost India does

play05:34

spectacularly badly so for example if

play05:37

you have the global democracy index you

play05:40

know we'll be lucky if you know the

play05:42

world's democracy uh gets ranked

play05:44

anything above

play05:45

90 okay there'll be the global academic

play05:49

freedom index in which ironically India

play05:52

is ranked below

play05:54

Afghanistan and then there is the world

play05:57

media Freedom index in which also we are

play05:59

are below Afghanistan and Pakistan so

play06:02

I'm what I'm trying to say is that

play06:03

there's not even a pretense of trying to

play06:06

be fair to India now historically what

play06:09

we used to do is to try and explain to

play06:12

these think tanks and so on uh I have

play06:14

written myself lots of papers some of

play06:16

you have read it in the newspapers Etc

play06:18

showing how their methodology is

play06:19

absolute

play06:20

garbage and uh yet U these These are

play06:25

still done so you know what what can we

play06:28

do about it one is as I said we this

play06:30

lives in the world of social media um we

play06:33

actually talk to the investors and we

play06:35

actually talk to you know Academia we

play06:38

actually talked to the general

play06:40

population and there's been a palpable

play06:41

change in India's image internationally

play06:46

irrespective of these um sort of think

play06:49

tanks media and so on and so my own view

play06:53

is that the time has come one is keep

play06:55

doing what we are doing succeed the best

play06:58

antidote to the all of this is to

play07:00

actually succeed the second is at some

play07:03

point in time India and more generally

play07:05

the global South will have to build up

play07:08

its own think tanks its own uh

play07:11

capability of

play07:13

creating indices rankings Etc and

play07:16

basically be able to reverse the Gaze

play07:19

until this is done we will have to use

play07:21

other media but basically we should not

play07:24

Pander to this that's the main point I'm

play07:26

making there is no real reason to Pander

play07:28

to it

play07:30

so reaching out to sort of different

play07:32

areas globally do you think the global

play07:35

perception that's on social media and a

play07:37

using different Avenues they have quite

play07:39

a good perception then absolutely I mean

play07:43

The Honorable prime minister himself has

play07:44

some 78 million followers on Twitter

play07:48

Alone um why does he need a some

play07:51

Broadcasting Corporation or something to

play07:53

to be talking about him he can he can

play07:56

say whatever he wants to say directly um

play07:59

so how do you think that the growing

play08:00

Indian diaspora across the world has

play08:03

also changed perceptions and The

play08:05

Narrative of India as well it has in

play08:08

multiple ways I mean obviously the

play08:10

success of India's diaspora globally um

play08:13

has has has changed things and I'll tell

play08:16

you how it has changed if you went back

play08:18

to the early uh to the early '90s as

play08:22

recently the early '90s Indian diaspora

play08:24

was seeing as poor immigrants coming to

play08:26

the country somehow trying to make their

play08:28

lives by the 2000s that image changed

play08:32

okay these are the it guys so it still

play08:34

happens to me occasionally I'm in some

play08:36

airport somewhere in the world and

play08:38

somebody will walk up to me and say you

play08:40

know my computer isn't working can you

play08:42

do something about it and you know

play08:45

assuming that I actually understand

play08:47

anything about it and by the way

play08:48

switching it on and off

play08:52

works that has also now moved on we have

play08:55

our image has changed further because as

play08:57

Indian CEOs uh have gone and gone on to

play09:01

lead some of the biggest companies in

play09:03

the world uh the UK and many other

play09:05

countries now have Indian origin uh

play09:07

Prime Ministers and presidents and so on

play09:10

so I think over time that image has

play09:12

changed and and and that has reflected

play09:15

back to um how Indians are perceived in

play09:19

back in India because you know much of

play09:21

this had at the back of their mind

play09:24

certain preconceived colonial era images

play09:28

uh um certain you know with culturally

play09:30

loaded images of what Indians are and

play09:33

their obvious success outside of India

play09:35

does reflect back in the to the mother

play09:38

country well as one of the key policy

play09:40

makers that actually runs the India

play09:42

Indian economy um the economy as we've

play09:45

seen you know has rapidly evolved you

play09:47

are literally the world's fastest major

play09:50

economy in the world right now so how is

play09:52

that Evolution reshaped as well the The

play09:56

Narrative and what are the implications

play09:58

when it comes to Future growth as as

play09:59

well what do you think is going to

play10:00

happen off the back of that well Size

play10:03

Matters in terms of your narrative

play10:05

because other people are trading with

play10:06

you they are investing in you your

play10:09

geopolitical uh sort of bulk goes up so

play10:11

there's no doubt that India's image in

play10:14

very recent times particularly coming

play10:15

out of covid has completely changed um

play10:19

and so uh you know obviously we will be

play10:22

in the next 24 months or so the become

play10:24

the world's third largest economy we are

play10:26

the world's fastest economy uh already

play10:29

by by some margin so this matters but

play10:31

let me give you another area where we

play10:34

have just in the last 6 months

play10:35

established itself uh geopolitically um

play10:39

not many people even in India realize

play10:41

that um the Red Sea and the swis canal

play10:44

that entire trade route is basically

play10:47

currently functioning because of the

play10:49

Indian Navy and so what it has done is

play10:54

out of the bat India has become kind of

play10:56

the uh single most important security

play10:59

provider in uh you know the Red Sea uh

play11:03

Arabian Sea area and so as we evolve as

play11:07

a as a major security provider in the

play11:10

Indian Ocean region you know India is

play11:12

playing a geopolitical role which even a

play11:15

year ago people would not have imagined

play11:17

we would be playing in fact we would

play11:19

ourselves not have imagined we are

play11:20

playing but we are playing it so we are

play11:23

beginning to fill out

play11:24

spaces uh as we become bigger and um

play11:28

others recognize it

play11:29

and of course the idea is now to build

play11:32

Partnerships with others so that you

play11:34

know we I mean we would like to go on

play11:36

this long journey and we would like to

play11:38

have our friends along with us so what

play11:40

does that long journey look like what is

play11:41

the sort of next chapter when it comes

play11:44

to India's Global narrative see it's one

play11:48

thing to be the world's third largest

play11:50

economy but do remember we are the

play11:51

world's largest population so when you

play11:53

divide one by the other we still remain

play11:56

a very poor country so we have to

play12:01

sustain this performance for 25 years

play12:04

only then are we going to get to the

play12:06

bottom echelons of being a developed

play12:07

country in you know 2047 when we will be

play12:10

100 years of Freedom so this is a big

play12:13

effort we have to do and we can't slip

play12:15

it up right this is this is an

play12:17

opportunity but at the end of that

play12:19

process remember even we will begin to

play12:21

age just like China is aging today in 25

play12:23

years we will also begin to age so this

play12:25

is our opportunity we have to make it

play12:27

work so very important we remain focused

play12:30

on economic growth we remain focused on

play12:34

um sort of building out uh India of our

play12:36

dreams and not get uh distracted by

play12:39

other things uh it also of course means

play12:42

that we have to keep doing reforms see

play12:44

growth is not some uh god-given thing

play12:47

that happens naturally it has to be

play12:49

earned and so that means that you have

play12:52

to keep doing reforms all the time so

play12:54

the last 25 years of reforms has got us

play12:56

here we have another 25 years of reforms

play12:58

going ahead and a lot of difficult

play13:01

things need to be done so we have done

play13:02

some things difficult things included

play13:05

but there are things like for example we

play13:06

need to do something about uh a Judicial

play13:09

System uh enforcement of contracts is a

play13:12

serious issue in this country uh we've

play13:14

heard other speakers also allude to that

play13:16

but really we need a Judicial System

play13:18

meant for the 21st century not one which

play13:21

is stuck in the 19th century and so this

play13:24

is a huge area of Reform of course the

play13:25

government can only do a little bit the

play13:27

Judiciary itself has to get on with it

play13:29

and do something about it um but the

play13:31

government for example needs to also

play13:33

upgrade the and reform the

play13:34

administration and the bureaucracy um so

play13:37

the last 25 years of progress has been

play13:39

essentially by weakening the

play13:41

bureaucracy's ability to stifle growth

play13:44

uh but it hasn't meant that the

play13:45

bureaucracy itself has been reformed but

play13:48

now we need to reform it so that it

play13:49

begins to deliver the services it's

play13:51

supposed to do we need a 21 century

play13:53

bureaucracy that requires administrative

play13:56

reforms something that's been discussed

play13:57

for last half aent Cy but we now we need

play14:00

to get on with it and do it so that's

play14:02

another one uh another major area that

play14:04

we need to work on is on Municipal

play14:08

reforms U delivery of you know Urban

play14:12

Services uh so the last decade we have

play14:14

worked very hard on intas City uh

play14:17

infrastructure you know highways

play14:19

airports and so on now we need we are

play14:21

now focusing on in intra City uh

play14:25

infrastructure so we are shifting from

play14:26

in City to int City infrastructure

play14:29

Mumbai is one of the first places we are

play14:31

working on this uh but you know it's

play14:35

it's a big area of work that we need to

play14:36

work on well as obviously this is the

play14:38

investment Forum what what in your mind

play14:40

are the sort of

play14:42

key key the most exciting areas of

play14:45

investment when it comes to uh India

play14:47

maybe Mumbai in particular as well well

play14:49

I have a phys philosophical problem with

play14:51

answering that question I I am a strong

play14:54

believer that policy makers should not

play14:56

be deciding where investment should be

play14:58

made people in the audience there are

play15:00

lots of entrepreneurs in there you know

play15:02

what to invest on my job is to make sure

play15:04

the government provides the

play15:05

infrastructure and then keeps out of the

play15:07

way so I will pass that question uh

play15:10

because I I believe it's not my job to

play15:13

decide uh or the or the job of any

play15:16

government official to decide where this

play15:18

economy should go um let the

play15:20

entrepreneurs do their job my job is to

play15:22

keep the overall system running while

play15:24

they take their risks very well said uh

play15:27

we only have a couple of seconds left

play15:28

but do you have a key message as

play15:30

obviously we have a lot of people online

play15:32

watching us uh and obviously our

play15:34

audience here and that's how you like to

play15:36

to speak to people obviously as well so

play15:38

what what's your sort of key final

play15:39

takeaway and message for our audience

play15:41

here today so my message is look India

play15:44

this is an exciting time to be in India

play15:46

um and we and as policy makers uh are

play15:50

absolutely determined to keep India on

play15:53

track obviously as I mentioned we have

play15:55

to do the difficult reforms of the of

play15:57

the next few decades and we are all uh

play16:00

on this together not just Indians but

play16:02

you know our partners around the world

play16:04

um we uh want your uh investment we want

play16:08

to your feedback uh if there are new

play16:11

areas or policies you need uh relooking

play16:15

we are our doors are open we would be

play16:17

very happy to um you know uh relook at

play16:21

anything um you know as I said uh we

play16:25

will uh do what is necessary to get to

play16:28

being a developer country by the year

play16:30

2047 very very well said we cannot thank

play16:32

you enough for your words of wisdom here

play16:34

today thank you so much to sanjie sel

play16:36

thank you thank

play16:38

[Applause]

play16:40

[Music]

play16:44

you

Rate This

5.0 / 5 (0 votes)

Related Tags
IndiaEconomyGlobalPerceptionWesternMediaPolicyMakersEconomicReformsIndianDiasporaGeopoliticalRoleInvestmentOpportunitiesSocialMedia