Mumbai: The NDTV Profit Conclave, held in Mumbai on February 18, brought together India’s most influential policymakers, business leaders, and industry experts to discuss the nation’s path towards Viksit Bharat 2047. Themed “The Blueprint for Viksit Bharat @ 2047”, the event underscored India’s economic resilience and emerging opportunities, setting the stage for India’s transformative journey in the coming decades.
The prestigious conclave featured a stellar lineup of speakers including Union Minister of Commerce & Industry Piyush Goyal, SBI Chairman C.S. Setty, Mahindra Group’s Group CEO and MD Dr. Anish Shah, Godrej Industries Group Chairperson Nadir Godrej, Morgan Stanley India MD Ridham Desai, and others. Together, they provided key insights into India’s economic growth and global standing.
Union Minister Piyush Goyal addressed the gathering by reiterating India’s commitment to doubling trade with the United States to $500 billion by 2030. Highlighting the importance of bilateral relations, he said, “This golden opportunity will open a floodgate of business prospects for Indian enterprises.” Goyal emphasized the complementary nature of the India-US relationship, calling it a “Mega partnership of prosperity.”
Renowned financial leaders such as Raamdeo Agrawal (Motilal Oswal Financial Services), Ashishkumar Chauhan (NSE), Ashok Vaswani (Kotak Mahindra Bank), and Navneet Munot (HDFC AMC | AMFI) discussed investment strategies, the evolving role of mutual funds, and their contributions to wealth creation and nation-building. Raamdeo Agrawal notably called the current investment landscape “Investment ka Mahakumbh”, highlighting unprecedented opportunities in the market. Ashishkumar Chauhan, MD & CEO of NSE, further remarked, “With 185-190 million customers participating in the markets every day, this number will cross 300 million by the end of the decade, making India one of the largest retail investor bases in the world.”
Furthering the discussion, Navneet Munot, MD and CEO of HDFC Asset Management Company, stressed the critical role of mutual funds in nation-building, stating, “Mutual funds will play a crucial role in mobilising household savings for nation-building and infrastructure development.” Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, added, “We need to move beyond ‘Mutual Fund Sahi Hai’ to ‘Mutual Fund Sabke Liye Hai’ to ensure greater financial participation.”
On India’s banking sector, SBI Chairman C.S. Setty spoke about its transformation, highlighting improved balance sheets and increased depositor trust. “PSBs continue to enjoy the trust of depositors,” Setty said, while urging further deepening of India’s debt capital markets to fuel the country’s economic growth.
The conclave also featured a dynamic session on Artificial Intelligence (AI) and DeepTech, moderated by NDTV’s Vishnu Som. The session, which brought together Puneet Chandok (Microsoft India & South Asia), Ronnie Screwvala (upGrad), Manu Chopra (Karya AI), and Pratyush Kumar (Sarvam AI), explored AI’s transformative potential. Puneet Chandok assured the audience, “AI will serve as an amplifier of intent and capacity, making professionals more effective.” Ronnie Screwvala echoed this sentiment, emphasizing AI’s role in revolutionizing education while preserving its core principles. Pratyush Kumar discussed India’s future in generative AI, drawing parallels with its mobile data consumption success, and Manu Chopra stressed the importance of AI accessibility for underserved communities.
The conclave also featured a high-energy discussion on disruptive innovation, led by trailblazers such as Aravind Sanka (Rapido), Piyush Shah (InMobi), and Shashank ND (Practo). These entrepreneurs shared insights into how technology is reshaping mobility, advertising, and healthcare, highlighting India’s position as a hub for innovation. Sanka spoke about solving last-mile connectivity, Shah highlighted the rise of AI-driven marketing, and Shashank shared Practo’s mission to simplify healthcare access for millions.
In his closing address, NDTV’s Director and Editor-in-Chief Sanjay Pugalia remarked, “NDTV Profit is redefining financial discourse, moving beyond traditional jargon to connect with India’s new wave of young investors – the driving force behind the nation’s economic future. These dynamic minds are not just market participants; they are shaping India’s journey toward Viksit Bharat 2047. Through initiatives like the NDTV Profit Conclave, we are committed to equipping them with the insights, opportunities, and knowledge they need to fuel India’s economic transformation.”
With expert insights, thought leadership, and discussions on India’s evolving economic landscape, the NDTV Profit Conclave reaffirmed the country’s position as a rising global economic leader. The entire conclave can be viewed on the NDTV Profit Channel and its website www.ndtvprofit.com.
