India Summit 2018

Date: 25-Oct-18 to 25-Oct-18
Location: Trident Hotel, Nariman Point Mumbai / Mumbai / India
Category: Banking, Finance & Investment Conferences & Trade Fairs

The day’s programme will evaluate how states are performing in the areas of attracting investment, making it easier to do business, supporting innovation and entrepreneurship, improving access to quality education and, ultimately, contributing to India’s long-term growth and development.

Narendra Modi’s ascent to India’s top job can be traced back to his success in his home state of Gujarat. As chief minister there, Mr Modi established a policy framework that helped attract foreign investment and improve the lives of Gujaratis. Those who aspire to win the prime ministership now have a clear model to follow: first, do well at home and outperform the leaders of rival states.

Many in the current batch of chief ministers appear up to the task of boosting their state’s fortunes. Maharashtra aims to cement its place as the country’s financial and corporate capital by implementing business-friendly policies. Delhi, Telangana and Karnataka welcome deep-pocketed investors and are courting start-ups to set up shop in newly created “tech hubs”, hoping to become home to the next unicorn (a private company valued at $1 billion or more). And four years after Mr Modi’s departure to run the country, Gujarat’s economy is still going strong.

India’s political system, which gives states significant power to implement local rules and enforce laws, means that good leadership at the state level is key to the country’s success. While all have a role, the bigger states and those with the greatest growth potential must play their part for India’s development to stay on track. But are local governments using their power to best effect?

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