A roundup of Dr. Shah’s contributions at two major public conclaves on the role industries will play to aid ‘Viksit Bharat 2047’

Representing India’s business world at ABP Network’s ‘Ideas of India’ Summit 3.0, Mahindra Group CEO and MD, and President of FICCI, Dr. Anish Shah, spoke on the pivotal role industries and enterprises will have to play in accelerating national growth and economic prosperity. The summit, themed around 'The People's Agenda,' brought together policymakers, cultural ambassadors, industry experts, celebrities and business leaders from across the world to discuss how India can leverage its population potential to reinforce its leadership position globally on the way to becoming a developed economy.

Dr. Shah emphasised the importance of inclusive growth, stressing that economic prosperity should be shared across all sections of society. Key objectives included elevating per capita income, increasing manufacturing's contribution to GDP and significantly scaling up exports.

Viksit Bharat @ 2047: Viksit Bharat & Industry

The Federation of Indian Chambers of Commerce & Industry (FICCI) organised the National Conclave 'VIKSIT BHARAT@2047: Viksit Bharat & Industry', on February 27, 2024, in New Delhi. It held discussions on fostering a resilient India. This conclave aimed to delve into the trajectory of India's development and its symbiotic relationship with industry as the nation envisions its future in 2047.

Nirmala Sitharaman, Minister of Finance & Corporate Affairs, Govt of India addressed the audience at FICCI's National Conclave on ‘Viksit Bharat @ 2047: Viksit Bharat & Industry’ in New Delhi. Anurag Singh Thakur, the Union Minister for Information & Broadcasting and Youth Affairs & Sports, along with SK Pathak, Secretary General of FICCI, and Dr. Anish Shah, President of FICCI and Group CEO & Managing Director of Mahindra Group, were among the distinguished dignitaries present.

Dr. Shah, President, FICCI, delivered the welcome address where he mentioned, “To achieve the goals of Viksit Bharat 2047 and to reach the target of a USD 30-trillion economy, manufacturing has to go from 18% to 25% of the economy. For this, the manufacturing sector has to grow 16 times in the next 23 years. And to drive that growth, a number of things have to change in terms of how we approach the economy.”

Dr Shah also added, that the focus on capital expenditure that the government has put in, where the multiplier effect is far greater, has helped the economy to get to a very strong footing. It is up to the private sector now to take it much further. “At FICCI on Inclusive growth this year we are focused on the four broad pillars of Make In India, Women-Led Development, Farm Prosperity, and Sustainability.”

Here’s what our other leaders said at the conclave

Hemant Sikka, Co-Chair, FICCI National Agriculture Committee and President - Farm Equipment, Mahindra & Mahindra Ltd. was one of the speakers for ‘Viksit Bharat@2047: Farmers First’. He said, “India's tractor industry, which is World's largest in terms of units sold, stands as a testament to the country’s mechanisation progress, surpassing even the most advanced markets globally. Yet, our journey towards agricultural productivity, reducing farm labour drudgery and faster crop rotation is work in progress and requires more mechanisation and wider range of Made in India equipment.

As we work towards a Viksit Bharat by 2047, we need to scale up technology, innovation in products and business models and improve accessibility to our small and marginalised farmers at affordable price points."

The session, 'Viksit Bharat @2047: Women-led development', was moderated by Asha Kharga, Chair, FICCI Women Empowerment Committee and Member of Group Executive Board and Chief Customer & Brand Officer, Mahindra Group, where she said that the progress of a society is dependent on the progress of women. She added that the efforts of the government are showing result that the female labour participation rate has doubled to 37 per cent in 2023 which was 19 per cent in 2020.