US doesn't have money, says Andy Xie, economist

Economist Andy Xie says India needs to drop its reservations about China. He says East Asia can offer the capital to develop the infrastructure needed to boost India’s growth. In an interaction at the venue of the Global Business Summit, he said the government must work on land acquisition laws to allow faster asset creation.


Embrace digital technologies or go out of business

Digital advancement should be looked at as an opportunity to create, said panellists at a discussion on navigating digital disruption at the third edition of The Economic Times Global Business Summit in Dew Delhi on March 27-28.


Some CXOs, legal eagles see gain in GST, others feel the pain

Service providers, young entrepreneurs and legal experts at the Global Business Summit voiced concerns and expressed hope with regard to the impending indirect tax regime as the parliament discussed the goods and services tax (GST) bills.


To climb uphill, desi startups seek level field

NEW DELHI: The controversial demand for a “level playing field” for Indian startups was raised once again, with two of the country’s top entrepreneurs stating that regulatory parity was a must in order for domestic ventures to grow and innovate.


We advise companies to be disruptive, says Deloitte chief David Cruickshank

Deloitte’s recent investments in strengthening its advisory business in India are part of the professional services firm’s global strategy, said its chairman David Cruickshank, who was in India to address the Global Business Summit.


Anil Agarwal eyes tech from `good friend' De Beers

NEW DELHI: After his surprise $2.4 billion share purchase in miner Anglo American, Vedanta chairman Anil Agarwal is in talks to source technology from “good friend” De Beers for India just as he negotiates with Korean chaebol LG for a $10 billion chip manufacturing facility (fab) in Nagpur, initiatives that the Bihar-born businessman believes will help pare the country’s import bill.


In manufacturing, it’s important to ensure quality to gain an edge over China

NEW DELHI: Indian companies must harness the country’s frugal engineering and its proven research expertise in precision manufacturing to help achieve the federal objective of Make in India, according to panelists at the Global Business Summit.


Xiaomi CEO meets Modi, promises more jobs

New Delhi, March 28 (IANS) Chinese technology company Xiaomi’s founder and CEO Lei Jun met Prime Minister Narendra Modi on Tuesday and said the company was committed to creating more jobs in India.


Flipkart's Sachin Bansal reiterates call for a level-playing field

NEW DELHI: The controversial demand for a level playing field for Indian startups raised its head once again, with two of the country’s top entrepreneurs stating that regulatory parity was a must, in order for domestic ventures to grow and innovate.

financial symbols coming from hand

As China slows, India poised to take its place in growth race

NEW DELHI: The global economy presents a huge opportunity for India as rival China is losing its competitive edge, panelists at The Economic Times Global Business Summit said but experts were divided over whether India should move into the space Beijing is vacating, or leapfrog it.


Modi govt targets 25 bn digital transactions in FY18

NEW DELHI: The government’s plan to reach 25 billion digital transactions in the next financial year will be driven by consumption-based payments, said experts, who expect digital education of both consumers and merchants along with security steps and enabling regulations to support the process.

Indian Prime Minister and Bharatiya Janata Party (BJP) Leader Narendra Modi (C) gestures as he walks alongside former army General V.K. Singh (L) at a state assembly election rally in Ghaziabad on February 8, 2017, in the northern state of Uttar Pradesh.
Five Indian states - Punjab, Goa, Manipur, Uttarakhand and Uttar Pradesh -  will elect new governments over the next five weeks with results of all set to be announced on March 11. / AFP PHOTO / PRAKASH SINGH

Xiaomi CEO meets PM Modi, promises more jobs

Chinese technology company Xiaomi’s founder and CEO Lei Jun met Prime Minister Narendra Modi on Tuesday and said the company was committed to creating more jobs in India.


After Flipkart’s Sachin Bansal, MakeMyTrip CEO plays domestic card

India’s internet CEOs once again raised their voice on the issue of discrimination against local firms, whereas MNCs are often allowed to operate in a free manner when it comes to government regulations.


In conversation with J.Krishna Kishore

We talk with Mr. J. Krishna Kishore, CEO, Andhra Pradesh Economic Development Board, on the initiatives being undertaken to cataylze the economic development of the state.


In conversation with Dinesh Kumar

We chat with Mr. Dinesh Kumar, Chief Secretary of the Government of Andhra Pradesh, on the development of the state.


Can slowing China escape the middle income trap?

The global sentiment towards China has turned to one of fear of a financial crisis like in the US in 2008. But China’s situation is very different from the US. On the positive side, China still has great potential. Its economy could double or triple with the right policies. On the downside, the required reforms appear to be inconsistent with the existing political system.


Greatest possibilities in life are its uncertainties: Sadhguru, Isha Foundation

Nothing in the outside world is certain, that’s a fact. It’s uncertain and that’s what makes it challenging. Uncertainty means things are changing; in other words there is no limbo. If you are walking fast, every step is new terrain. This new terrain is what you are calling ‘uncertainty’ right now. For those seeking opportunity, uncertainty is the best time.


This is how global business is transforming due to internet effect

Technology innovation in the last decade has predominantly been viewed through a developed economy lens. But, in the past five years, the dynamic nature of emerging markets has turned that theory on its head. Emerging markets have unique challenges that have spurred innovative solutions. Since these new innovations usually address a large number of users in these markets, they have grown increasingly compelling for the world to learn from.


Dick Cheney to take the dais at GBS 2017

India Inc’s biggest CEO gathering is just around the corner. After the resounding success of the last two editions, a bigger and bolder version of the Global Business Summit (GBS) will be presented by YES Bank and The Economic Times on March 27 and 28 in New Delhi.


How businesses can have greater impact on society

India has always been known for bold policies. From funding the Green Revolution, which prevented the starvation of millions, to Narendra Modi’s recent demonetisation programme which focused on tackling corruption – the Indian government is more often than not a policy pioneer.


Narendra Modi, top ministers to be star attractions at Global Business Summit

After a thumping win in Uttar Pradesh and Uttarakhand, Prime Minister Narendra Modi, along with his top ministers, will be the star attractions at the Global Business Summit (GBS) presented by YES Bank and The Economic Times on March 27-28.


PM Modi to be the star attraction at this year's ET Global Business Summit

Prime Minister Narendra Modi will be the star attraction at this year’s Global Business Summit, presented by YES Bank and The Economic Times, on March 27-28 in Delhi. The PM will address the third edition of GBS on the evening of March 27.


Andhra Pradesh to be state partner for YES Bank & ET Global Business Summit

Andhra Pradesh (AP) will be the official state partner of the YES Bank and The Economic Times Global Business Summit that will be held on March 27-28, 2017 in New Delhi. Over the two-day conference, a clutch of high-profile global and Indian leaders will examine pressing political and economic issues for the country and explore what they mean for business.


Interview with Dr. Parakala Prabhakar

We speak with Dr. Parakala Prabhakar, Advisor (Communications), Government of Andhra Pradesh, talks to us about the strategic vision that goes into building brand Andhra Pradesh


Interview with Ajeya Kallam

We speak with Ajeya Kallam, Chief Secretary, Andhra Pradesh, to understand how the State of Andhra Pradesh is pursuing a path of sustainable development.


Interview with Ajay Jain

We speak with Ajay Jain, Chairman – INCAP Ltd. & Secretary, Energy, Infrastructure & Investments Department, Govt. of Andhra Pradesh, as he outlines the infrastructural developments of the state, including how the state has become a power surplus one


It’s time for India to go citizen-centric

Reforms of many kinds have been at the top of government agendas worldwide for centuries. Broadly speaking, they aim to enhance citizens’ lives by lowering the cost of services, reducing bureaucracy, and curtailing corruption. Reforms also involve broadening the bouquet of services provided, as well as improving their quality, while keeping the cost to the exchequer at a minimum.


Here is the all star cast of the ET GBS 2017 - PM Modi to set the agenda on Day 1

NEW DELHI: When India’s political and business elite start heading to Delhi in March, it’s easy to infer that the Global Business Summit is around the corner. This year again, on March 27-28, it’s an unmatched all-star lineup of speakers at what is fast becoming the Davos of India.