Washington: The Confederation of Indian Industry (CII) and the US Chamber of Commerce's US-India Business Council (USIBC) co-hosted an exclusive roundtable with Finance Minister Nirmala Sitharaman for business executives and investors in Palo Alto.
Senior executives, private sector business leaders, venture capitalists, institutional investors, and representatives of pension and endowment funds attended the roundtable, representing over USD 1 trillion in assets under control.
This executive meeting, moderated by Atul Keshap, President, USIBC, included V. Ananth Nageswaran, Chief Economic Advisor, and Taranjit Singh Sandhu, Ambassador of India to the United States, among others.
The roundtable emphasised India's recovery from the pandemic as one of the world's fastest-growing major economies, as well as the government's efforts to support growth through a process of sustained reforms across sectors, increased capital expenditure, particularly in infrastructure, and FDI-boosting measures.
"India is projected to be the world's fastest-growing major economy over the next five years, propelled by the sustained expansion of its technology and start-up ecosystems," Sitharaman added.
"In this scenario, more investment and innovation will be supported by US-India partnership in financial services and emerging technologies, and fintech represents a unique opportunity for sustainable and equitable growth." She invited the room's top investors to become a part of India's growth story.
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