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New order: Former German Chancellor
Gerhard Schroeder delivers the inaugural address as India
Today's Editor-in-Chief Aroon Purie pays close attention |
The
India Today Conclave, an annual assembly of some of the world's
leading thinkers and decision makers, has, over the last five
years, become a much-awaited fixture in Delhi's events calendar.
The fifth edition of the conclave, held on March 10-11 at the
Taj Palace, lived up to that billing. Inaugurating "the most
anticipated event in India", India Today Editor-in-Chief
Aroon Purie lauded the country's scorching pace of growth, but
drew the attention of the forum to the "other India-the shadow
land" that exists "beyond the multiplexes and the call
centres". Two-fifths of the world's poor live in this shadow
land. Nearly 300 million Indians subsist on less than $1 (Rs 45)
a day. Understandably, the conclave's theme was: "India Tomorrow:
Bridging The Divide."
The inaugural address on "Multilateralism
in the New Millennium" by former Chancellor of the Federal
Republic of Germany Gerhard Schroeder emphasised the role of a
rising India in the new world order. "Globalisation and international
political questions are the twin challenges confronting the global
community," he said, adding that for the former to be successful,
every country had to have a stake in the world's economic well-being
and developing countries had to be granted access to international
markets. "Multilateralism is the only way to deliver the
tangible benefits of globalisation to common people all over the
world," he said, adding that India has a big role to play
here; this necessarily presupposes a greater Indian role in regional
issues as well.
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"The world needs
India to be a moral power as well"
RANIA AL-ABDULLAH
QUEEN OF JORDAN |
The next session on "The Centre-State
Divide", saw a lively discussion on whether devolutions to
the states should be entitlement-driven or performance-based.
The Chief Ministers of Rajasthan and Bihar, Vasundhara Raje Scindia
and Nitish Kumar, respectively, participated in the discussion,
which was moderated by N.K. Singh, former Member of the Planning
Commission. While Raje felt that the emphasis on performance should
increase steadily, Kumar said the Centre had to necessarily play
a larger role in the development of backward states such as his.
Kumar also wanted the governor's role to be clearly defined. If
the governor can be used as a link between the Centre and the
state, then it would be a positive step, he said. "And in
this era of coalition governments, there is an urgent need to
improve communications between the Centre and the states,"
they both said.
In the luncheon keynote address, L.K. Advani,
Leader of the Opposition in the Lok Sabha, was at his rhetorical
best, systematically dwelling on the economic and political gaps
prevailing in the Indian society. CNN-IBN Editor-in-Chief Rajdeep
Sardesai looked bemused as Advani launched broadsides against
both the Congress and its Left allies.
"The
Centre must not impose its wishes on the states. The development
process must vary from state to state"
NITISH KUMAR
CHIEF MINISTER, BIHAR |
"It
is in the US' interest to keep Asia divided as it is in the
US' interest to see a united Europe"
NAOMI WOLF
AUTHOR |
"India's
pre-eminence in the world today is based on solid economic
and strategic foundations"
PRAFUL PATEL
CIVIL AVIATION
MINISTER |
"The
wonder of the East is not always spelt as China any longer.
India is the country to watch for"
AROON PURIE
EDITOR-IN-CHIEF,
INDIA TODAY |
"Investments
must be directed to areas that
will allow the
poor to be brought into
the market process"
SITARAM YECHURY
SENIOR CPI(M)
LEADER |
"Since
the 1990s, we have started realising the virtues of faster
growth. And the situation has changed over the last 10 years"
ARUN JAITLEY
SENIOR BJP LEADER |
Next up was the session on "Globalisation:
Can Free Markets Serve the Masses?" Senior BJP leader Arun
Jaitley pointed out that India had wasted decades on its ill-fated
socialist experiment; the way out: reallocate resources that remain
locked up in unproductive or non-priority assets to sectors that
are crying out for funding. Senior CPI(M) leader Sitaram Yechury,
expectedly, did not agree and repeated his party's clichéd
arguments against greater economic freedom. The spirited discussion
was truncated by the long-distance address of noted economist
Hernando de Soto, head of Peru's Institute of Liberty and Democracy,
who said sound property rights are a prerequisite for building
trust in free markets. "Legal structures are essential if
free markets are to serve the masses," he said.
"Markets
are all about exchange and an element of trust is crucial
to the functioning of the markets"
HERNANDO DE SOTO
ECONOMIST |
"Businesses
can create value for society; they can also change the way
you nurture and maintain natural resources"
Y.C. DEVESHWAR
CHAIRMAN, ITC |
The next session "Geopolitics: India
vs China or India & China" was arguably the most interesting
of the day (see "There Are No Communists In China").
The day's last session, on "Development:
Government vs NGOs" was chaired by Dileep Ranjekar, CEO,
Azim Premji Foundation. Opening the discussion, ITC Chairman Y.C.
Deveshwar called for a greater corporate role in poverty alleviation
and development programmes. Citing well known ITC initiatives
like the e-choupal and the social e-forestry schemes, Deveshwar
argued that it was possible for companies to simultaneously help
reduce poverty and increase profits by following the "triple
bottom line"-another well known ITC initiative-approach.
But Sandeep Pandey of the National Alliance of People's Movement
was unsparing in his attack on both the Indian corporate sector
as well the government-bureaucrat-contractor nexus. "The
best way to bridge the divide is to return the ownership of natural
resources to the people," he said, adding: "Civil society
has to play an assertive role in the implementation of policies."
"There Are No Communists In China" |
He
first went to south-east Asia as a young soldier, went on
to become a business journalist in Hong Kong, followed by
a stint in the local venture capital industry, and finally
reinvented himself as a China expert. In Delhi recently to
speak at the India Today Conclave, James McGregor,
Partner at BlackInc China, a China advisory firm, and author
of One Billion Customers, spoke to BT on India and
China. Excerpts:
As an observer, what do you think is the difference
between India and China?
China is stable on the surface, but chaotic underneath,
while India is chaotic on the surface, but stable underneath.
One of the speakers at the Conclave today said China
is a bubble. Do you agree?
No, I don't. Once the government starts incentivising provincial
officials not for the number of factories built, but for
improvements in the quality of life of its people, then
things will change.
What can India do to catch up with China on FDI?
I think India should tighten its intellectual property
rights and then sell it as a strong point to foreign investors.
You've been in China for two decades. How communist
is the country really?
I don't think there are any communists in China anymore.
I've met one; he was an actor and he used to get paid for
acting as Chairman Mao.
Finally, India and China see themselves as rivals.
Do you think it's possible for them to cooperate?
I don't see China and India becoming partners. I don't
see a natural affinity. But I also don't see why India should
be afraid of China. That country is going to be preoccupied
with its own problems for quite a few years.
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At the dinner keynote session, Queen Rania
Al-Abdullah of Jordan stressed the pivotal role that India can
play in world politics. "An emerging economic power, yes...but
the world needs India to be a moral power as well," she said.
Day 2 began with a session on "Business:
Is Innovation the Key to Growth?" (see Assembly Line Innovation).
Nelson Mandela, former South African President, in a recorded
message, called for a return to Gandhian principles to bring back
the dispossessed and the deprived to the mainstream. "The
dilemma of India as explored in the Conclave is, in fact, a dilemma
of the entire planet," he said.
"Uniform
Civil Code can only apply to non-religious civil laws; otherwise
it will negate the country's secular nature"
G.M. BANATWALLA
PRESIDENT, IUML |
"When
many diverse groups learn to live together on the basis of
shared values, it becomes a civilisation"
PRAVEEN TOGADIYA
GENERAL SECRETARY, VHP |
"Faultlines
in communities are due to politics of religious identities"
TEESTA SETALVAD
ACTIVIST AND LAWYER |
"Oscars
are a just another annual ceremony. I want to win everything;
I often keep preparing acceptance speeches"
KARAN JOHAR
FILMMAKER AND CHAT SHOW HOST |
"IT
is changing the way we work and do business. The gap is between
those who have access to IT and those who don't"
DAYANIDHI MARAN
FORMER UNION MINISTER |
The post-lunch session on "Communities:
Can We Overcome the Faultlines?" saw some provocative volleys
between Praveen Togadiya, International General Secretary, Vishwa
Hindu Parishad, G.M. Banatwalla, President, Indian Union Muslim
League, Teesta Setalvad, lawyer and activist, and Subramaniam
Swamy, President, Janata Party. As Togadiya and Banatwalla sparred
on the various definitions of secularism, among other things,
Setalvad provided the rational counter point. "The faultlines
are due to politics of religious identity," she said, adding
rather bluntly that the nation's youth hardly identified with
the ideologies put forth by her fellow panellists. Swamy blamed
international Islamic terrorists and foreign Christian missionaries
for creating and deepening the faultlines. This session was chaired
by Chandan Mitra, Editor-in-Chief, The Pioneer.
Then followed a discussion on "Society:
Can Power Feminism Talk to Power Machismo?" chaired by filmmaker
Rohan Sippy. Authors Naomi Wolf and Suketu Mehta disagreed on
the forms of redressal of gender inequality, but did concur on
the basic premise that a lot more needed to be done to ensure
that women got their rightful dues.
Assembly Line Innovation |
Is innovation the key to growth?"
was the question thrown at Vijay Govindarajan, Professor,
Tuck School of Business, and Nandan Nilekani, President,
CEO and Managing Director, Infosys Technologies, at the
India Today Conclave. Chairing the session was R.A. Mashelkar,
Director General, Centre for Scientific and Industrial Research.
Govindarajan argued that innovation was a mandatory pre-condition
for growth. "Revolutions don't happen unless somebody
questions the status quo," he said. But can there be
a scientific way of going about thinking differently? There
can, he felt. How? His recommended path: challenge the accepted
wisdom; don't strive to follow the best global practices;
create the next best practice; manage the present; and forget
the past selectively and then create the future. The upshot
of all this: "Don't set realistic goals. Set unrealistic
goals because performance is a function of expectations
and ambition is the starting point for expectations,"
he said.
Nilekani, too, made a strong case for innovation. Expectedly,
perhaps, he cited the success of the Indian information
technology (IT) sector. "Top IT companies in the country
now boast over Rs 2,00,000 crore in market capitalisation,"
he said, adding that this wealth creation for shareholders
is a direct function of the ability of the companies to
innovate and dare to think differently. Nilekani, like Govindarajan,
also thinks it is possible to go about innovation in a scientific
manner. "One has to think both linearly and laterally.
This is essential for reconfiguring, repackaging and introducing
fresh discontinuous products and technologies," he
said.
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"Culture: The Immigrant Experience"
was the theme of the next session which was chaired by Vir Sanghvi,
Editorial Director, The Hindustan Times. Uber model and actress
Saira Mohan, daughter of a French-Irish-Canadian mother and a
Punjabi father, spoke on balancing the different pressures that
persons with multi-cultural ancestry experience. The other panellist,
filmmaker Karan Johar, however, emphasised that it would be unfair
and simplistic to segment Indians as residents and non-residents.
At the dinner keynote session, Minister for
Communications and it, Dayanidhi Maran stressed on need to bridge
the digital divide. "it is changing the way we work, we communicate
and the way we do business," he said adding that majority
of Indians, however, have sparing access to technology.
Former telecom minister Pramod Mahajan seconded
the argument. And, Civil Aviation Minister, Praful Patel also
reiterated the need to reduce the infrastructure deficit that
is severely impeding India's growth story.
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