India Economic Summit to begin today in Delhi

The annual India Economic Summit will today begin in New Delhi.

Commerce and Industry Minister Nirmala Sitharaman will open the two-day meet which will focus on issues like digital transformation and regional economic integration.

The inaugural session will be attended by Sri Lankan Prime Minister Ranil Wickremesinghe, among other dignitaries.

Several Union Ministers will participate in different sessions and will showcase India's growth story to potential investors.

The sessions will throw light on the issues like India's fourth industrial revolution, the country's energy potential, building blocks for infrastructure investment and start-ups.

Over 500 business and political leaders, including top policymakers and CEOs, will participate in the two-day summit. It will have a special focus on 'Fostering an Inclusive India through Digital Transformation'.

Chief Executive Officer National Institution for Transforming India (NITI) Aayog, Amitabh Kant; Vice-Chairman GE USA, John Rice and Chief Executive Officer One 97 Communications, Vijay Shekhar Sharma will co-chair for this year's summit.

According to Chandrajit Banerjee, Director-General of the CII, "India's economy is widely expected to grow at around eight percent in the medium term. Identifying the right policies so that we sustain this growth rate for a generation would be the key to achieving the development expectations of our country."

"All the successive governments have followed the path shown by him and the result has been positive so far. It has been huge journey from reaching to million dollar economy to two trillion dollar economy in over the one and half decade," added Banerjee.