Major Events 2022-23

Calcutta Chamber of Commerce
  • Calender December 01, 2023
    How Build an Indian Narrative View More ❯
  • Calender October 07, 2023
    Talk & Interactive Session on "Social Stock Exchange" View More ❯
  • Calender September 30, 2023
    Industry Partner of PRSI BrandEdge - Diversity, Equity & Inclusion (DEI) Conference 2023 View More ❯
  • Calender August 30 & 31, 2023
    India - Central Highlands Trade and Investment Conference - 2023 View More ❯
  • Calender August 22, 2023
    Special Session "Resilient & Self-Sufficient India" View More ❯
  • Calender August 08, 2023
    Confluence - New Members Induction Programme View More ❯
  • Calender July 13, 2023
    "Resilient & Self-Sufficient India" View More ❯
  • Calender June 22, 2023
    Solving an Enigma on Menopause - myths & facts View More ❯
  • Calender June 10, 2023
    Enablement Session on "E Invoice, E Way Bill & Audit Trail" View More ❯
  • Calender May 18, 2023
    Book Launch & Special Lecture on "Fearless Governance" View More ❯
  • Calender May 10, 2023
    Special Session on Delayed Payment to MSME - Challenges and Possible Solutions View More ❯
  • Calender May 02, 2023
    Special Session on Indian Passport - Recent Developments View More ❯
  • Calender March 24, 2023
    Special Session on Importance of Cyber Security in the Growing Digital Interface View More ❯
  • Calender March 15, 2023
    Vasant bahar 2023 - holi get-together & looking beyond india- vietnam business forum visit 2023 View More ❯
  • Calender 26th February - 2nd March 2023
    Visit of Members of Business Delegation of Calcutta Chamber of Commerce to Vietnam View More ❯
  • Calender February 23, 2023
    Seminar on World Peace and Understanding Day Celebration View More ❯
  • Calender February 13, 2023
    Special Session on INDIA: TOWARDS - Balanced Development and Inclusive Growth View More ❯
  • Calender February 03, 2023
    Panel Discussion on Union Budget 2023-24 and Its Impact on Economy View More ❯

December 01, 2023

How Build an Indian Narrative

The Session was addressed by Shri Sanjeev Sanyal, Hon'ble Member, Economic Advisory Council to the Prime Minister, Government of India.

Hon'ble Member Shri Sanjeev Sanyal stated that India's economy will grow at close to 7 per cent during the ongoing fiscal. He said there is a need to counter global narratives built on "absurd and irrelevant" data points, and India's second-largest rating agency CareEdge will soon start publishing sovereign ratings.

He said "We will be growing at somewhat close to 7 per cent for the year, and that would easily make us the world's fastest-growing,". Sanjeev Sanyal, said that for too long, India's growth has been defined by others. "It's time we start taking control of our own narrative and defining ourselves on our own terms,".

"CareEdge will begin publishing these readings (sovereign ratings) in the next few months, followed by indices on democracy, freedom, sustainability and corporate governance within the next year," he added. However, India cannot ignore the existing global indices as they currently hold a 20 per cent weightage on investment and cost of capital. Sanyal also reaffirmed the government's commitment to increasing the share of manufacturing in the GDP mix. He highlighted several ongoing initiatives, including Production-Linked Incentives (PLI), aimed at achieving this goal. "We are putting a very big effort into getting manufacturing going in India. A lot of effort has been put in, for example protecting Indian companies from Chinese dumping, which happens all the time. "It's not perfect, but we are providing some protection. We do not want to go too far with it because our own history tells us that if we over-protect our industry what will happen is the Ambassador car... But, we will do where we need to provide protection," he said.