Conceived in 2015, and now in its 7th edition, Global Business Summit 2023 seeks to provide solutions to key macroeconomic challenges being faced in the current milieu by curating government-to-government interactions, business to government meetings, business-to-business engagements and to serve as a conduit for corporates and governments to secure investments from domestic and international allies that will become a part of India’s growth story.
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Jean-Pascal Tricoire, Bob Moritz, Sunita Reddy and others sit down for a conversation about negotiating global headwinds
“We all have a moral duty to provide energy to everyone in the world,” says Schneider Electric CEO
Jean-Pascal Tricoire, CEO of Schneider Electric, address the Summit regarding climate change and energy transition
India will face more micro problems than macro ones. India’s growth is being driven by nationalistic champions, while that might be seen as a positive, there are problems there. Oligopoly will hurt competition and make it harder to grow. This degree of oligopoly needs to change: Roubini
“A number of things are set to further make the global economic situation difficult: The war between Russia and Ukraine will go on, COVID-19 is spreading like wildfire in China and Iran’s lack of a nuclear deal might make things testy,” says Roubini
COVID-19 won’t be the last pandemic, there will be more to deal with and they will cost us a lot more than this one
– Nouriel Roubini, founder of Roubini Global Economics
Economist Nouriel Roubini, currently a Professor at the Stern School of Business of New York University, talks of the global economy’s path forward
Rosa Rios runs through the key numbers between 2008 and 2022
Rosa Rios, part of both Presidents Obama and Biden’s fiscal transition teams, talks about the 2008 financial crisis and its similarities to the COVID-19 pandemic
India isn’t an emerging market, it’s a leading market. The decade is yours to capture, says PwC’s Moritz
Brining youth and women into the workforce is one of the keys to helping India become a global leader in the next decade, says Bob Moritz, Chairman, PwC
By 2023, India’s projected to have the largest working age population in the world. This is great if all of them can find employment, the country needs to ensure this happens. Centres of Excellence are great but more has to be done. Women need to be more involved. Only 20% of the country’s women are in the workforce, that number needs to increase
– PwC’s Bob Moritz
India has a major role to pay in the digital world; the next decade is the world’s tech decade and India will be at the forefront of it
– Bob Moritz, Global Chairman, PwC
India’s taking great strides in green energy, just look at the new Bengaluru Airport Terminal, built out of sustainable materials and run on clean fuel, says PwC’s Moritz
India has to transition to one with advanced manufacturing and become a hub capable of dealing with global problems
– Bob Moritz, Global Chairman, PwC
India has to become an exporter of green fuel from an importer of traditional carbon fuels, says Amitabh Kant
The challenge is brining down green energy prices to $1 per unit by 2050, says Amitabh Kant
India is the only country in the world to hit its green targets, we’ve hit some of them way early. We’ve achieved prices of 0.02 kW/hr. India’s young entrepreneurship in renewables is top notch. We’re placed very well to benefit
– Amitabh Kant, G20 Sherpa
What India has achieved in digital transformation, where PhonePe competes with Google Pay, is unlike anywhere else. We’ve managed to put data and privacy at the forefront of innovation, says Amitabh Kant
India does 11x more digital payments than US and Europe and over 4x the amount that China does. In the last 3 and half years, many Indians have used their mobile phones to perform all their bank transactions
– Amitabh Kant, G20 Sherpa
Amitabh Kant, Sherpa for the upcoming G20 Summit, addresses the GBS
Very proud of the fact that we’re in the discussion when Indian cinema is being talked about, says Netflix’s Co-CEO Sarandos
“You always want a healthy level of scared, a little nervous, but never panic,” says Sarandos, talking of the struggles of being in the streaming business
We didn’t stumble, we just tripped, it’s a matter of picking up your things and getting back to work
– Netflix’s Ted Sarandos on the 1.2 million subscriber loss in 2022
“You can’t reverse-engineer a local show”
Speaking of creating regional content that goes popular globally, Netflix’s Co-CEO Ted Sarandos says, “There’s no formula to create a global hit, you just have to make sure people like the content where it’s being made. For instance, Squid Game was popular in Korea first before it became popular globally.”
We’ve invested heavily in production in India because we want people who care about making Indian content, that’s why we have offices in Mumbai and we hire locally
– Netflix’s Ted Sarandos
We have a consumer-first approach to business, and that will help us grow infinitely
– Ted Sarandos – Co-CEO Netflix
We ignited the largest explosion of original production in history.
– Ted Sarandos, Co-CEO Netflix
Speakers to track
- Hans-Paul Burkner – Global Chair Emeritus, BCG
- Geoff Allardice – CEO, International Cricket Council
- Alexander Macdonald – Chief Economist NASA
- Bob Moritz – Global Chairman, PwC
- H.E. Abdullah bin Toug Al Marri – Cabinet Member & UAE Minister of Economy
- Anita Williams Woolley – Professor of Organizational Behavior and the Associate Dean of Research, Tepper School of Business
- Rosie Rios – Former Treasurer, US
- Jacek Olczak – CEO, Philip. Morris international
- Nouriel Roubini – Professor Emeritus, NYU’s Stern School of Business
- Ted Sarandos – Co-CEO Netflix
Who to watch: Sunil Duggal, Group CEO, Vedanta Limited
He carries immense wealth of experience in leadership roles, sustainability, scientific curiosity, commercial & business acumen
Meenakshi Lekhi, Minister of State for External Affairs
@M_Lekhi, Minister of State for External Affairs, Government of India will be sharing insights at the 7th Edition o… https://t.co/wplehLddaN
— GlobalBusinessSummit (@ET_GBS) 1676622368000
What to watch: Ted Sarandos, Co-CEO, Netflix in conversation with Anupama Chopra, Founder & Editor, Film Companion
PM Modi will be the star speaker tonight
Coming on the heels of a growth-oriented budget presented on Feb 1, the PM’s speech tonight will be eagerly awaited, as the world’s attention is focused on India and its leadership of the G20.
