25th March 2024: YES BANK and CNBC-TV18’s – The Growth Summit: A Vision to a $10 Trillion Economy, in association with Max Life Insurance, was successfully concluded in Hyderabad on Friday. With policymakers, industry leaders, entrepreneurs, and a wide range of experts weighing in on India’s economic progress over the next few years, the last chapter of the Growth Summit hosted policymakers, experts, entrepreneurs, and more. The summit witnessed discussions around the government’s ambitious 25-year plan intended to position India as the world’s third-largest economy with a GDP of $10 trillion.

In the opening remarks, Mr Prashant Kumar, Managing Director & CEO of YES BANK, said, “We are fortunate to be citizens of this country which is the 5th largest economy and aspires to be the third largest economy by 2030. As we also aspire to be a developed nation by 2047, I think it’s crucial not just to focus on GDP growth but the growth of 140 crores Indians together, where their standard of living goes up. And where everybody enjoys the fruit of the development in India.

During his address, Mr Kumar announced the launch of ‘Yes Private’ in Hyderabad, which is the Bank’s newest market offering that aims to partner HNI Business owners and C-Suite executives in their endeavor to leverage the opportunities on the road towards a $10 trillion Indian economy.

The event kicked off with an engaging discussion on ‘Unleashing the Animal Spirit: Building the Right Support Structure for Growth’ with Mr Srinivas Rao Mahankali, CEO, of T-Hub, where he said, “Building a world-class entrepreneurial ecosystem is a collective journey, where startups, corporations, government, academia, and media come together to create a supportive atmosphere for everyone. Inspired by innovators in Silicon Valley and directed by thought leaders such as Dan Eisenberg, we try to build an environment where innovation and opportunities booms. With startups at the forefront and corporations achieving new heights, supported by strong policies and diverse funding options, we are shaping the future of entrepreneurship collectively.”

The day progressed with a thought-provoking conversation on ‘Inside The Laboratory of India’s $10 TRILLION DREAM’ with Mr Satish Reddy, Chairman, Dr Reddy’s Laboratories. The session was followed by an intriguing panel discussion on ‘Innovate, Produce, Thrive: India’s Path to Global Competitiveness’ with industry experts – Mr Krishna Bodanapu, Executive Vice-Chairman & MD, Cyient ; Dr Sai Prasad, ED, Bharat Biotech & CII President, Telangana; Mr Anurag Malempati, Promoter, Leap India Food & Logistics Pvt. Ltd.; Pradeep Chowdhry, MD, Gemini Edibles & Fats India Pvt. Ltd.; and Mr Pawan Jain, Director, Kirby Building Systems and Structures India ( Gujarat) Pvt Ltd.

The evening continued with a special address by Mr. Prashant Tripathy, MD & CEO– Max Life Insurance said “As India makes its way towards becoming a $10 trillion economy, innovation in enabling financial inclusivity will be a key pillar of progress. Over the past decade, transformative innovations like UPI and JAM Trinity have catalysed our financial inclusion efforts, while the advent and proliferation of fintech has been delivering exponential growth. As we move further, continuous regulatory support and initiatives like technology enabled risk management are essential for sustaining this upward trajectory. Within this context, Hyderabad’s ascent as a thriving hub of next gen innovation epitomizes India’s immense growth potential. With its vibrant ecosystem and skilled workforce, the city serves as a beacon of India’s ability to foster future forward progress. Through strategic policymaking and collaborative endeavours, we are poised to translate our vision into reality, driving not just economic prosperity but also societal advancement.”

The summit moved ahead with a thought-provoking session conducted by Kumaar Bagrodia, leading Neuroscientist & Founder, of NeuroLeap on ‘The Neuroscience of Innovation’. The concluding panel discussion titled ‘Beyond the Norm: Redefining Innovation for Progress’, brought together industry experts, including Mr Mohit Jaju, Director, Godavari Drugs Ltd.; Mr BV Kondanda Pani, MD, Algoleap Technologies Pvt. Ltd., Mr. I V Ramana Raju, Co-founder & CEO, Fabex Steel Structures, and Mr. LS Patil, Promoter & MD, Patil Rail Infra Ltd.

The event transitioned seamlessly into an interesting conversation on ‘Stardom & Strategy’ with Mr Adivi Sesh, Actor & Writer, speaking about his upcoming projects. He added, “I’m currently shooting for two films. G2 serves as the sequel to my 2018 hit, Gurucharya, which rebirthed the spy genre in Telugu cinema. With G2, we are aiming for a national impact. Recently, we’ve welcomed Emraan Hashmi to our cast, and we are excited to expand our reach to audiences across five diverse languages across the country. I’m also working on another project, Dacoit, which we are shooting in Hindi, featuring the extremely talented Shruti Hassan.”

The summit concluded with an enticing conversation moderated by Mugdha Kalra, CNBC-TV18 Anchor on ‘Smashing Success: Grit to Global Stardom’ with Ms Saina Nehwal, Badminton Champion – Olympic Medalist. Speaking about her comeback, struggles, and achievements she stated, “It is difficult for athletes, as each one battles with their individual problems. Every individual ventures into this field with the goal of achieving distinction on an international level, but not everyone escapes the injuries. Reflecting on the early days, one doesn’t live on the potential drawbacks; instead, the focus is on enjoyment and striving for success.”

The Growth Summit – Vision for a $10 trillion Economy covered five cities, including Delhi, Ahmedabad, Bengaluru, and Mumbai highlighting each city’s dominant growth areas and concluded its final edition in Hyderabad.