BS Manthan highlights: US protective of its top dog status, it feels beleaguered, says Suman Bery

Business Standard Manthan highlights: Catch all the latest developments from the summit here

6:49 PM

US has the privilege to reshape the rules of the game to suit its needs: Suman Bery

6:43 PM

India's policymakers need to keep an eye on consequences of Trump's decisions: Suman Bery

As one of the largest economies in the world, India is likely to be affected by the dollar, US bond yields etc. There, our policy makers need to keep an eye on these indirect consequences of President Trump's actions, Suman Bery said at BS Manthan. 

6:23 PM

US is protective of its top dog status, it feels beleaguered: Suman Bery

"The US has the privilege to reshape the rules of the game to suit itself. I think that is not unusual. But what's slightly more intriguing is why the US feels beleaguered at this particular time. US is very protective of its top dog position. And I think that its now being threatened, particularly by China, Suman Bery, vice chairperson, NITI Aayog, said.

6:12 PM

Some jobs are likely to be automated, while productivity of other occupations will increase: Radhicka Kapoor

6:06 PM

Upskilling is crucial for the workforce to adapt to new technologies: Hiranmay Pandya

6:04 PM

Future of jobs will depend on policy decisions: Radhicka Kapoor

"When we talk about the question of the future of jobs, whether the potential benefits will be realised or not, will depend on the policy decisions that are made globally. How countries put in their skilling systems in place, what kind of industrial sectoral policies they have, what social protection systems they put in place is of critical importance," Radhicka Kapoor, senior employment specialist, ILO, said.

5:47 PM

Services sector, fintech, manufacturing are growth drivers: Sumita Dawra

"Startups are employing a lot of people. We're very proud about the fact that today, India is the global hub for the GCCs. They are employing lakhs of young people at the moment," says Sumita Dawra, secretary, Ministry of Labour and Employment.

5:31 PM

Govt should support farmers through essential service: Ajay Vir Jakhar on farming sector

"Should people stay in farming or move out? If they stay, do we have the right support structure in place? From a farmer’s perspective, I agree we need better employment opportunities, but those opportunities are scarce. If available, 99% of farmers would leave farming today. The key issue is not about forcing farmers out, but offering them a choice. Many farmers, especially small-scale ones, will never find agriculture profitable, no matter what the government does," Ajay Vir Jakhar said. The government’s role should be in supporting farmers through essential services—healthcare, education, public transport—not through cash transfers, which won't solve the root problem, Jakhar added.

 

5:15 PM

Agriculture needs a policy focused on increasing farmers' income: Ajay Vir Jakhar

5:12 PM

Focus should be on moving people out of agriculture, says CSC Sekhar

"In the short term, increasing the profitability of agriculture is essential, but in the medium to long term, the focus should be on moving people out of agriculture. Most farms are small and marginal, so either farm size needs to increase or more people should move to higher-productivity jobs outside agriculture. However, as Ramesh pointed out, the non-agricultural sector faces growth challenges, and people transitioning from agriculture need skills to be absorbed into other sectors," says CSC Sekhar, professor, Institute of Economic Growth (IEG).

4:55 PM

Income in farm sector has grown, despite ongoing challenges in agriculture: Ramesh Chand

"The economic condition of farmers varies across states, but at the national level, they’ve moved from the top to the bottom. Farmers, especially low-income labor—whether agricultural or non-agricultural—are concentrated in the lower middle-income and poverty categories," says Ramesh Chand, Member, NITI Aayog. 

4:37 PM

Business Standard Manthan: Experts weigh in on the role of agriculture in India’s growth story

3:58 PM

You have to take advantage of who you are: Julien Tornare

"It is very important that when you jump into a market like India, you not only talk about your history, your heritage, but also show that the brand will evolve with the clients. The brand will not get older next to the clients, but will become more young," says Julien Tornare, CEO, Hublot.

3:53 PM

Tax on luxury goods in India is a big barrier: Julien Tornare, CEO of Hublot

3:36 PM

Despite blips, capital finds its way where value is being created: Anshoo Sharma

Speaking on the funding winter, Anshoo Sharma said,"Capital find its way where value is being created. That has always been true. There might be some blips of things going up, things going down, but in India, I'd say from a startup perspective, we are in a golden age."

3:31 PM

India is in a golden age of building value through technology: Anshoo Sharma

3:27 PM

Without Uber and Ola, there would have been no BluSmart: Puneet Jaggi

"Without Uber and Ola, there would have been no BluSmart. I think we learn a lot from each other, but we also depend on each other to create markets, to create industries that have not existed in the past," says Puneet Jaggi, co-founder, Blusmart electric Mobility.

3:18 PM

Julien Tornare, CEO of Hublot, discusses the potential for a homegrown luxury giant

3:08 PM

Quick commerce is great for offline retail, says Anshoo Sharma, CEO, Magicpin

"Quick commerce is great for offline retail. For the longest time, a lot of our partners, large apparel stores, and food stores wanted to do delivery. But they were not doing it.  Now, everyone is saying that if quick commerce is going to become big, what is my strategy? And when it comes to offline retailers, Magicpin is the largest player who's enabling offline retailers to come online," says Anshoo Sharma.

3:01 PM

BS Manthan LIVE: Retail in India is a massive market, says Anshoo Sharma, CEO, Magicpin

2:49 PM

Trump has created uncertainty in a few sectors, this has created some short opportunities for us: Samir Arora

"We were broadly bullish until December but now we have adjusted out portfolio given Trump tariffs," says Samir Arora.

2:41 PM

India will be relatively less disadvantaged as markets evolve and global trends shift: Samir Arora

2:35 PM

Manthan LIVE: Current market not conducive for people who are looking to exit, says Samir Arora

"I called this Budget the "Dream Budget" because it gave people what they wanted which is more money and less taxes," says Samir Arora, founder and group CIO, Helios Capital.

2:27 PM

India must make itself quantum secure, says HCL Co-founder Ajai Chowdhry

In a fireside chat at the second edition of Manthan, Business Standard's annual summit, HCL co-founder Ajai Chowdhry stated that once a quantum computer with the right speed emerges, it will pose a "significant cybersecurity threat to every country." Read here for a detailed story.

1:25 PM

We should work on creating Indian chips: Ajai Chowdhury

"We should work on creating Indian chips. We are still learning the whole game of semiconductor manufacturing. We have to train people from ground up. So, a lot of work has gone into creating a paper to train 50,000 people for the manufacturing sector. Universities all over the country have been given targets to actually achieve that," Ajai Chowdhury said.

1:17 PM

Not having control over semiconductors is akin to asking for trouble: Ajai Chowdhury

"Our strength area is design and not manufacturing. We are still learning the game of creating semiconductors," says Ajai Chowdhury.

1:10 PM

India needs to make itself quantum secure, says Ajai Chowdhury

12:59 PM

We need to focus on how to utlilise quantum tech for India's development: Ajai Chowdhry

"Quantum tech is essential for all countries. Everyone is investing in this field," says Ajai Chowdhry, co-founder, HCL.

12:47 PM

Still a long way to go as far as domestic manufacturing is concerned: Sunil Vachani

"India imports IT hardware, things like laptops and desktops and servers worth almost $15 billion. All these products could be easily manufactured here as well. Apple is an iconic brand and what they’re trying do in India is something very special. They’ve already achieved global production of about 15% in India, which is very large. So, the vendors have also started exporting components from India to all over the world," says Sunil Vachani.

12:37 PM

Trying to ensure workers, family members stay on the campus itself: Sunil Vachani

"We are also working with state governments to ensure that our workers, our operators, and family members are staying on the campus itself similiar to China. I think once that happens, you will see the productivity of our workforce improved by leaps and bounds," says Sunil Vachani.