The World Economic (WEF) has changed the name of the India Economics Summit to National Strategy Day on India and curtailed the event to almost one day from three days. A key person responsible for the event, Philipp Rosler, former German vice-chancellor and member of the managing board of the WEF, explains the rationale to Indivjal Dhasmana in an interview. Edited excerpts:
Why did you change the title of the event?
It is quite clear, it is more to the point, because it is National Strategy Day on India. We would like to discuss India's strategy .... in order to shape India's agenda. That means, for us, to first describe the agenda; second, to define the way how to shape it; and, third, is to come to action. At the same time, it is to highlight India as a really huge country and a quite important country.
Participants wanted it smaller, shorter, more high-level and action-oriented. It is really a platform for public-private cooperation.
You were involved in German politics. How do you see foreign investors reacting to non-economic factors, such as the row over beef, overshadowing economic issues in India?
It is not a question of my opinion, but of numbers and figures. India has record number of foreign direct investment. That is the best proof that they trust, at the global level, India and India's economy.
Why did you change the title of the event?
It is quite clear, it is more to the point, because it is National Strategy Day on India. We would like to discuss India's strategy .... in order to shape India's agenda. That means, for us, to first describe the agenda; second, to define the way how to shape it; and, third, is to come to action. At the same time, it is to highlight India as a really huge country and a quite important country.
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What was the reason for cutting the event to almost one day from three?
Participants wanted it smaller, shorter, more high-level and action-oriented. It is really a platform for public-private cooperation.
You were involved in German politics. How do you see foreign investors reacting to non-economic factors, such as the row over beef, overshadowing economic issues in India?
It is not a question of my opinion, but of numbers and figures. India has record number of foreign direct investment. That is the best proof that they trust, at the global level, India and India's economy.