SKOCH Summit
Mr Sameer Kochhar
Chairman, SKOCH Group
Reforms historian and author of best-seller ModiNomics, Sameer Kochhar is Chairman, SKOCH Group. He is a passionate advocate of social, digital and financial inclusion and is a foremost expert on governance and inclusive growth. His work has been acclaimed globally and endorsed by Mr Narendra Modi, Mr M Venkaiah Naidu, Dr Manmohan Singh, Mr Arun Jaitley, Mr P Chidambaram, Mr Yashwant Sinha, Dr C Rangarajan and Dr Montek Singh Ahluwalia and so on. In his thinking and writings and activities, his profound admiration for India's economic reforms and in extension, those outstanding personalities who strive to make these reforms more meaningful and broad-based comes out clear and unambiguous.
Mr Sameer Kochhar at the 108th SKOCH Summit: Public Policy Forum - Regulatory Framework for Viksit Bharat
Mr Sameer Kochhar
Chairman, SKOCH Group
Key Points*
- Viksit Bharat is presented as an economic arithmetic problem, not just an aspiration.
- The speaker defines the goal as making India a 30 trillion economy by 2047.
- He emphasizes that achieving this goal requires sustained high growth for more than two decades.
- He states that India already has the ambition to become a developed economy.
- He identifies the real challenge as designing the right economic and regulatory architecture.
- He notes that India’s investment rate is already around 30% of GDP.
- He argues that the main constraint is not just investment quantity but investment productivity.
- He explains productivity as the output generated from every rupee invested.
- He frames Viksit Bharat fundamentally as a productivity project.
- He invites Rohan Kocher to present a co-authored paper on the regulatory framework for Viksit Bharat and the changes required.
* This content is AI generated. It is suggested to read the full transcript for any furthur clarity.
Transcript
Viksit Bharat, which is you know making India 30 trillion economy by 2047, is not just an aspiration. It's an economic arithmetic problem.
To become a 30 trillion economy by 2047, India needs sustained high growth for several years, more than two decades. The key question is not whether India has the ambition. It does. The real question is what kind of economic and regulatory architecture will make this achievable.
India's investment rate is already 30% of GDP. So the binding constraint is not only how much we invest but how productive that investment is. In simple terms, how much output do we get from every rupee invested?
This makes Viksit Bharat fundamentally a productivity uh project.
I invite Rohan Kochhar to present a paper which has been co-authored uh with me on regulatory framework for Viksit Bharat and what is it that needs to change.
Rohan.
