Over the years, India has strengthened its defining agenda of reforms, government policies and initiatives that have transformed its economic development journey. Indian industry has played a significant role in driving an inclusive and resilient GDP trajectory.

India has achieved over 7% annual GDP growth rates for four consecutive years and is expected to contribute 16% to global growth. In coming years, this pace must be enhanced, building on India’s entrepreneurship and youth advantage.

India has emerged as a reliable and trusted partner of choice for the world. Industry has leveraged overseas opportunities through enhanced exports and two-way investment flows and would further need to build its outward interventions.

With new digital platforms, India has created new sectors which are creating jobs and livelihoods. Policies for improving administrative processes and digital technologies have helped Indian businesses to lower costs and become more competitive. Continued ease of doing business can make India a top global economy.

Women enterprises and micro, small and medium enterprises are rapidly emerging as drivers for generating new livelihoods. Inclusiveness is a future imperative for holistic growth.

The country has ramped up its renewable energy capacity to become the 4th largest in the world. Indian companies are taking initiatives to align with climate change efforts and leveraging new opportunities in this field and must be further encouraged to do so.

With investments and employment as imperatives, innovative new policies are required for making industry the growth engine of the country.

Progressing Through Reforms
With technology advances, positive demographics and continued reforms, India aspires to achieve the status of a developed economy by the 100th year of Independence in 2047.

The key economic sectors of agriculture, manufacturing, and services along with infrastructure and technology must be unlocked to their optimal performance.

India in 2047 would also aim to become a hub of innovation and new technology development, building a talent pool of rising capabilities and global skills. India should assume leadership in innovation in science, space, and marine spheres.

Leveraging technology as a catalyst for growth will help in enhancing productivity across sectors and driving inclusive development.

With climate change as a key imperative ahead of the world, India can strengthen its efforts to conserve natural resources and mitigate pollution while ensuring energy efficiency and renewable sources.

Looking ahead to the future, India's continuous momentum of reforms will play a pivotal role.

CII Annual Business Summit 2024
With a forward-looking perspective for India and Indian industry over the next two decades, The CII Annual Business Summit 2024 to be held in New Delhi on 17-18 May would collectively chart a path for India’s future as a developed economy in 2047.

The Conference would catalyze conversations along 6 tracks:
  • Growth and Development
  • Green Economy
  • India and the World
  • Advanced Technology and Innovation
  • Employment and Livelihood
  • Start ups and New Age Businesses

As part of the initiative, three Regional Conferences will be organized in Guwahati on 29 April, in Hyderabad on 10 May and in Mumbai on 11 May as a prelude to the Annual National Conference, which will be the culmination of the process in New Delhi.

The CII Annual Business Summit 2024 in Delhi will bring together esteemed government dignitaries, industry captains, entrepreneurs, influencers, start-ups, and thought leaders from India and other countries on a single platform.

The Conference will physically convene over 2000 people, with over 10,000 people joining virtually.

As India sets its sights on faster growth and rising incomes for all, thought leaders will deliberate on its progress on competitiveness, inclusiveness, innovation, globalisation and sustainability through continued policy reforms.