* India’s growth has reduced poverty, but has also heightened politically destabilizing inequity
* Development has increased public pressure for greater transparency and governance
* By tapping poor rural markets, companies can help pull them into the economic mainstream
ndia has become a laboratory for converting rapid headline economic growth into a broader form of more sustainable development that can reverse the kind of income disparities that threaten to squander globalization’s gains and give rise to protectionism and isolationism.
“India is arguably one of the most innovative places for testing and rolling out these new models,” said Robert Greenhill, Managing Director and Chief Business Officer of the World Economic Forum, at the close of the three-day India Economic Summit here. The Forum and its members will be conveying the insights and ideas voiced during the Summit to the World Economic Forum Annual Meeting next January in Davos, Switzerland. “A lot of the challenges – but also a lot of the solutions – here in India are applicable broadly across the world,” he said.
See full Press Release.
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