Indian economic policy always centred on producer interests: CUTS International

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Key Points

We began out of a garage, and today we have a global footprint, said Pradeep S Mehta, Secretary General, CUTS International at a panel discussion on India's Economic Progress in the Current Global Economic Landscape..

During the interaction moderated by Mehta in New Delhi, panellists took stock of the transformation of the Indian economy over the past four decades, in the backdrop of the recently concluded G20 summit, along with its future prospects and challenges...

Congratulating CUTS on its 40th anniversary, Rajat Kathuria,Professor, Economics, Shiv Nadar University, observed that it was a remarkable achievement for an institution to survive, sustain and contribute to policymaking for so long, keeping consumers at the centre throughout...

The hour-long discussion touched upon diverse aspects of Indias economic rise and the state of the global economy, as well as the re-emergence of industrial policy around the world, and the technological revolution underway globally.. Discussing the implications of the successful G20 Summit, Nagesh Kumar, Director and Chief Executive, Institute for Studies in Industrial Development (ISID), recounted that the smooth passage of a G20 Leaders Declaration itself marked a huge success, coming as it did on the back of repeated meetings where consensus had eluded the grouping...

He noted that showcasing Indias achievements in digital public infrastructure (DPI), developing a consensus on the need for reform of multilateral development banks (MDBs) and committing to the integrationof MSMEs with Global Value Chains (GVCs) were all positive steps, which showed how successful the Indian G20 Presidency had been...

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