Sustaining the Indian Growth Story:

After nearly four years of breathtaking growth and being touted as one of the epicenters of the global economy along with China, the Indian Economic bandwagon seems to have run out of gas. Battling record international crude oil price volatility, overall inflationary pressures and a global financial crisis, the Indian Economy is also plagued by its own problems back home like infrastructural and logistics bottlenecks.

Consistently high figures of inflation and overall recessionary trends have set alarm bells ringing across all sectors. Compounding misery have been the Infrastructural bottlenecks, which have plagued various aspects of Indian industry and have clearly held back the economy from achieving higher growth. Low
spending on infrastructure has had a lot to blame with the actual amount spent being miniscule compared to the requirement. In Finance Minister, Mr. P. Chidambaram’s, words “Our infrastructure deficiencies have become more visible because of high growth. To sustain 9 percent GDP growth, investment in infrastructure should be increased from 4.6 percent to around 8 percent of GDP over the Eleventh Plan period (2007/12)”.

Innovative and path breaking measures seem to be the need of the hour to tide over these issues and push the economy back on the track of sustained growth. It is evident now that the next impetus of growth shall come within the country by creating world class infrastructure, improving our logistics systems and also finding a panacea to the depression that seems to have drastically dampened our consumer confidence, something that the retail revolution has hitherto been banking on. The symposium aims to act as platform to industry leaders to identify gaps in the above mentioned areas and come up with innovative ideas on how these issues can be handled in a way conducive to the Indian growth story.