Ideas for India 2023 brings together ministers, central bankers, policy and business leaders from across the world

The second edition of Bridge India’s flagship Ideas for India conference was part of the inaugural India Week, which saw more than 900 attendees attend from six countries.

Ideas for India aims to create a global conversation around India’s increased important in the world economy. Now the most populous country in the world, India’s economic growth rate is the highest amongst major economies today. India’s inflation rate is lower than that of the UK, US and other major economies. As the Western world diversifies its supply chains and geopolitical dependencies away from China, India stands to benefit.

India Week was organised by global advisory firm EPG and started on 7 May with a CEOs Golf Weekend in Leicestershire, followed by an education conference and Awards in Oxford, with a Keynote Address from Rakkam Sangma, Education Minister of Meghalaya. The London leg was on 11-12 May, including the Ideas for India conference, an invite-only dinner in the House of Commons, and a black-tie dinner with KT Rama Rao (Minister for Municipal Administration & Urban Development, Industries, Commerce & IT, Telangana).

KTR, as he is known, highlighted the remarkable progress made by Telangana in the last nine years. KTR was optimistic that by doing things right, what China could achieve in 30 years, India could do in less than 20 years. “As India, we have to focus on the fundamentals and basics the way Telangana did. We need to focus on the farmer, the youth, while creating a future that is based in innovation and making India a leader in the fourth Industrial Revolution,” he said.

His speech was to more than 300 attendees, including leading members of the Telangana diaspora, and drew several standing ovations.

During the Telangana government’s visit to the UK, KTR signed an Memorandum of Understanding with the London Stock Exchange Group CIO’s Anthony McCarthy for the establishment of a Technology Centre of Excellence in Hyderabad, generating up to 1,000 new jobs.

Former Governor of the Reserve Bank of India, Raghuram Rajan, delivered the Keynote Address during the Ideas for India conference, organised in conjunction with think tank Bridge India. In it, he said India’s growth path lies in leveraging its intrinsic strengths and becoming crucial to global supply chains by building on its historic culture of tolerance and respect for all. “Our independent judiciary, our liberal democracy, these are critical advantages if we are to go down this manufacturing service-led growth path because this will enable us to earn the world’s trust; it’s intrinsically necessary,” said Rajan.

Nigel Huddleston MP, Minister of State for International Trade, said he was “Delighted to speak to our friends from India during India Week and highlight how a free trade agreement can benefit both nations. A UK-India trade deal is a huge opportunity for both sides, and could boost our £36bn trading relationship and pull down barriers to trade.”

Ruth Cadbury MP, Shadow Minister for International Trade, said: “The conference showed the close links between our two countries and important work we can do around energy security and trade.”

Supriya Shrinate, Chairperson, Social Media and Digital Platforms, for the Indian National Congress, said: “As a proud Indian – I asserted India has made huge strides to emerge as a global super power and reach where we have … Also insisted that despite moments of weakness that plague our democracy it is the resilience and the inbuilt course correction by people that keeps hope and democracy alive. Because they aren’t just some lofty ideas or pillars of our constitution, these are the virtues on which our economic heft and our role as a global power are built upon.”

Bridge India is proud to have created a non-partisan platform for high-level discussions on engaging with India. A wide range of cross-party policymakers travelled from India especially for the event, including BJP Speaker of the Maharashtra Assembly Rahul Narwekar; Chairman of Tipra Motha Pradyot Manikya, who spoke on the need for a strong federal structure in India, which contributes to a healthier democracy and policymakers being able to better listen to the needs of their constituents; Regional Spokesperson for the NCP Br. Umar Farooqui, and several others.

To find out more about the inaugural India Week. click here.

"You must not lose faith in humanity. Humanity is an ocean; if a few drops of the ocean are dirty, the ocean does not become dirty."

– Mahatma Gandhi