Best of Forbes India CEO Dialogues 2017: Reboot India
Here are the best snippets from the first session of this year's CEO Dialogues in Mumbai on 04 August, 2017, in association with Julius Baer
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Six of India's top business icons joined the discussion moderated by Sourav Majumdar, Editor, Forbes India. The panelists included Arundhati Bhattacharya, Chairman, State Bank of India, Harsh Vardhan Goenka, Chairman, RPG Enterprises, Dilip Piramal, Chairman, VIP Industries, Roland Folger, MD & CEO, Mercedes-Benz India, Vikas Oberoi, Chairman and Managing Director, Oberoi Realty Ltd and Ashish Gumashta, CEO, Julius Baer Wealth Advisors. The event was live tweeted on our Twitter handle.
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"Demonetisation has more or less, been a success. It has released a huge amount of resources that have remained in the banking sector. Not all of it has gone back, thereby raising the liquidity and enabling the lending rates to come down."
"Even though the usage of digital may have come down from the peak, it’s still substantially above what it was at this time last year. We covered about three years of digital adoption in a matter of 60 days [post demonetisation]."
"Aadhaar is really saving the government a lot of money. It’s really and truly taking away ‘the ghosts’ in the system. It is enabling proper targeting [of subsidies] by understanding what a fellow has and doesn’t have."
"Indian banks need to be capitalised more. In the last 10 years, China invested about $127bn; US around trillion dollars; India just $17bn."
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"The prime minister has done a great job in terms of branding India globally as a country that matters not only geo-politically, but also through ‘Make in India’, ‘Digital India’ campaigns."
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"The fact that India survived and grew after demonetisation shows strength of the economy."
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