I am very certain that India is set to take the centre stage at World Economic Forum, Davos. The recent policy measures and the political will exhibited by the current Indian Government has caught the eyes of the ‘business community’ both globally and in the country. There is a positive sentiment and all pieces are almost set. If you look at the Indian infrastructure sector, it alone is ready to attract investments to the tune of ~ 1.7 trillion dollar in a scenario where globally there is dearth of good projects (according to World Bank report). This along with initiatives like ‘Make in India’ , ‘Skilling India’ , ‘Startup India’ etc have aided in bringing back the shine on India.
Since the stage has been set during the prelim discussions at the National Strategy Day in India, I foresee a lot of conclusive talks towards global partnerships especially in modernizing agriculture, building clean energy alliances and how to attract global players in the Indian infrastructure space. Clearly the focus is on the Smart Cities where the developed countries are keen to bring in their expertise and the other area is investments in Renewable energy space in the country. How to promote various modes of innovative financing of infrastructure in urban areas; how to establish credit rating of urban local bodies as part of reforms to enable access to capital markets etc along with implementation of clean sanitization projects will be takeaways for the Indian industry. This is win-win situation as India requires investments and the global financial community is looking for good projects, so the focus is on India.