Summary of "LIVE: CNBC-TV18's Global Leadership Summit 2025- 2nd Edition | India’s Growth Story | N18L"

CNBC-TV18 Global Leadership Summit 2025 (2nd Edition)

Detailed Summary

1. India’s Economic Growth & Capital Markets

Key Metrics: - GDP growth at 7.8% in Q1 FY26 (highest in 5 quarters). - India poised to be the world’s 3rd largest economy by 2030 with $7.3 trillion GDP. - Equity market raised ₹4.66 trillion in FY25; ₹2 trillion already raised in current FY. - Unique investors crossed 135 million (from 38 million in FY19). - Mutual fund AUM > ₹75 trillion; monthly SIP flows > ₹250 billion; penetration still low (~6.7%). - Corporate bond market grew at CAGR >12%, outstanding ₹54 trillion as of Sept 2025. - Municipal and sustainability-linked bonds at nascent stage but with growth potential.

Capital Markets Strategy & Challenges: - SEBI focuses on investor protection via education and combating fake apps, scams, and unregulated influencers. - Regulatory reforms to ease capital raising: shortened IPO timelines, scale-based minimum public shareholding, improved governance. - Plans to review and update frameworks for short selling, securities lending & borrowing to deepen markets. - Incentives revised to onboard first-time women investors and investors outside top 30 cities. - Investor survey insights: 63% aware of securities products but only 9.5% invested; 80% risk averse; 22% non-investors intend to invest next year.

Actionable Recommendations: - Deploy domestic capital to raise funds and create stakeholder value. - Strengthen mutual fund monitoring to prevent mis-selling. - Push for deeper penetration of mutual funds and corporate bonds among retail investors. - Investor campaigns in multiple languages, digital and physical formats to build responsible investors. - Public consultations ongoing on brokerage caps and mutual fund expense ratios balancing investor and industry interests.

Market Outlook: - Equity markets subdued last 14 months; foreign investors net sellers; domestic investors absorbing flows. - Relative valuation correction makes India attractive for foreign investors once AI hype fades globally. - Favored sectors: financials (banks), IT services (bearish consensus but potential upside), oil & gas, construction proxies. - High supply of equity from IPOs and exits limits market upside; supply expected to moderate seasonally. - Foreign institutional investors expected to turn net buyers within 12 months.

Presenters: SEBI Chairperson Mr. Duhin Katapandi, Rhythm Desai (Morgan Stanley), Sankaran Narin (ICICI AMC), Neil Kmishra (Access Bank), Ashish Chawan (NSE CEO).

2. AI & Technology Adoption in India

Key Metrics & Examples: - OpenAI expects $220 billion+ annualized revenue run rate in 2025; $1.4 trillion committed globally over 8 years. - India is OpenAI’s 2nd largest market outside the US with tripled growth YoY. - Google’s AI initiatives include “Study Mode” inspired by Indian student research, IND QA benchmark for Indic languages & culture. - India-focused AI models trained on local languages and cultural context to ensure inclusivity and affordability (e.g., ChatGPT Go free version). - AI adoption in commerce (personalized shopping assistants) and education are key use cases. - AI infrastructure buildout planned with government and private sector collaboration.

Strategic Insights: - India’s young demographic (population aged 18-24) is a key driver for AI adoption and innovation. - Building AI for India means building for the world due to scale and diversity. - AI is transitioning from chatbots to intelligent platforms and agentic AI performing tasks autonomously. - Responsible AI deployment and government engagement (policy, regulation) are critical. - AI’s impact on jobs: potential disruption but also creation of new roles requiring upskilling and reskilling.

Actionable Recommendations: - Invest in local AI infrastructure, talent pipeline, and frontier innovation. - Build AI models with local data and cultural context for wider adoption. - Use AI as a tool for inclusive growth in healthcare, agriculture, education, and commerce. - Foster public-private partnerships for AI governance and cybersecurity.

Presenters: Oliver J (OpenAI MD), Priti Lona (Google India VP), S. Krishnan (Secretary, Ministry of Electronics & IT).

3. Space & Defense Sector Growth

Key Metrics: - Global space economy: $630 billion (2022), projected $1.8 trillion by 2035. - India’s space economy: $8.2 billion (2-3% global share), targeted $44 billion by 2033. - India launched its heaviest communication satellite (4,400 kg) with 100% reliable LVM3 rocket. - India aims for 50-60 launches/year in 4-5 years (up from ~12/year). - Human spaceflight mission targeted by 2040; 40,000 kg payload launch capability by 2032. - Space station project approved (₹12,000-15,000 cr), enabling microgravity research and satellite servicing.

Strategic Initiatives: - Liberalized FDI up to 100% in space sector; venture capital fund of ₹1,000-1,500 cr for startups. - INSPACE system mentoring 350+ space startups; government handholding with common technical facilities. - Focus on reducing import dependence in defense and space hardware. - Emphasis on international cooperation and attracting foreign investment. - Private sector to complement ISRO and scale satellite constellations, data utilization.

Actionable Recommendations: - Increase private sector participation in hardware manufacturing, satellite data utilization, and launch services. - Speed up regulatory reforms to ease approvals and attract investments. - Develop indigenous capabilities in hypersonics, AI-enabled drone warfare, and quantum technologies for defense. - Prepare for two-front war scenario with technological edge as priority.

Presenters: Dr. S. Somanath (ISRO Chairman), Parikhit Lutra (Moderator), General M.M. Naravane (Ex-Army Chief), Ambassador Vikas Swarup.

4. Manufacturing & Industry Growth Strategy

Key Points: - National Manufacturing Mission (NMM) to be launched soon; focus on ecosystem and cluster-based development. - Target to raise manufacturing share of GDP from ~15% to 25%+ by 2047. - Focus sectors: Automobiles, Pharma, Textiles & Garments, Capital Goods, Semiconductors, EVs, Robotics. - Manufacturing to be future-ready with robotics, humanoids, and automation. - Emphasis on skilling and talent availability as key location factors for investment. - Need to improve ease of doing business, reduce bureaucratic approvals, digitize land records.

Capex & Investment: - Private capex recovering; government capex plateauing. - GST and tax cuts aimed at boosting demand and supply-side growth. - FDI remains critical; reforms at state level to improve business environment underway. - Emphasis on strategic resilience and reducing over-dependence on single countries (e.g., China).

Presenters: BBR Subramanyam (CEO, NITI Aayog), Anand Maheshwari (Honeywell CEO), Dr. V. Ananta Nageshwaran (Chief Economic Adviser).

5. Financial Services & Capital Markets

Banking Sector: - SBI crossed ₹100 trillion business and $100 billion market cap; aims to be top 10 global bank in 5 years. - Public sector bank consolidation supported for scale and efficiency. - Proposal to raise FII limits in PSBs to 49% to level playing field with private banks. - Banks must innovate to compete with fintech and tech companies; focus on right tech investments.

Financialization of India: - Rapid growth in retail participation in equities and mutual funds, driven by digital infrastructure (Aadhaar, UPI). - Financial inclusion achieved; wealth inclusion still nascent. - India’s equity market cap grew 33x in 25 years to $5.2 trillion; still early stage in investor penetration. - Mutual funds penetration low (~7% households); huge scope to grow. - Next frontiers: digital wealth management, financial literacy, product simplification, trust building. - Capital markets require liquidity, integrity, transparency supported by technology and regulation.

Real Estate & Infrastructure: - Indian real estate market ~$3 trillion; potential to grow to $5-10 trillion by 2047. - REITs and InvITs AUM nearly doubled since 2020, still small compared to US. - Commercial real estate demand driven by GCCs and tech sector; 90% absorption in Grade A offices. - Infrastructure supercycle underway with $2 trillion investment planned. - Challenges include regulatory approvals and land digitization.

Digital Payments & Fintech: - UPI processes 20 billion+ transactions/month, powering half the world’s real-time payments. - NPCI, fintechs, and global platforms like PayPal collaborate on innovation and security. - AI-enabled payments and agentic commerce pilots launched (India 2nd country globally). - Trust and security remain paramount; AI used to combat fraud but also introduces new risks. - Future: agentic AI managing payments on behalf of consumers with strong governance protocols.

Presenters: KV Kamat (Geo Financial Services), Prashant Na (Moderator), Mark Pilgrim (BlackRock), Vikram Sahu (Bank of America), RG Manelac (NASDAQ), Dilip Aspay (NPCI), Harshal Matur (Razer Pay), Forum Meta (PayPal), Amitab Malhotra (HSBC India).

6. Entrepreneurship & Startups

Startup Ecosystem: - India has 160,000+ startups and 160+ unicorns, growing rapidly since 2016. - Billion-dollar companies scaling fast in fintech, food delivery, eyewear, home services. - Key success factors: persistence, solving real problems at scale, technology (AI) adoption, founder integrity. - Challenges: governance, regulation, valuation concerns, investor education. - Tier 2/3 city expansion and international markets (SE Asia, Middle East) are growth areas. - AI and analytics critical for operational efficiency and customer experience.

Actionable Recommendations: - Focus on customer-centric solutions and long-term value creation. - Embrace AI for scaling and innovation but maintain governance and integrity. - Build global brands and leverage global markets for growth and IP creation. - Encourage independent boards and audit rigor early in startup lifecycle.

Presenters: Amitab Kant (Former G20 Sherpa), Fani Kishan Adapali (Swiggy), Push Bansil (Lenskart), Amirat Singh Bal (Urban Company), Yashish Dahiya (Policybazaar).

7. Sports & Culture as Soft Power

Women’s Cricket World Cup 2025: - India won maiden ICC Women’s Cricket World Cup, inspiring a new generation. - Champions emphasize grit, resilience, family support, breaking gender barriers. - Winning mindset built on persistence, authenticity, and legacy.

Olympic Movement: - IOC President Kirsty Coventry highlighted sport’s values: courage, resilience, inclusion, gender equality. - Cricket’s return to Olympics (LA 2028) to boost India’s sporting engagement globally.

Brand India & Cultural Influence: - Deepika Padukone and Sabyasachi Mukherjee symbolize India’s global cultural footprint. - Emphasis on authenticity, patience, inclusion, and evolving identity. - AI seen as a tool to augment creativity but human emotion remains irreplaceable. - Both advocate for India defining its own narrative and global representation on its own terms.

Presenters: Shafali Varma, Sne Rana (Women’s Cricket), Kirsty Coventry (IOC), Deepipika Padukone (Actor/Entrepreneur), Sabyasachi Mukherjee (Designer).

8. AI Architecture & Future of Work

AI as Foundational Technology: - AI mimics human intelligence, reshaping knowledge work, creativity, and interaction. - Two waves: cognitive AI transforming knowledge work; embodied AI (robotics + AI) transforming physical work. - Emergence of “agentic AI” performing autonomous tasks, collaborating with humans in mixed teams. - New work models require rethinking workflows, human-agent collaboration, and change management.

Global AI Leadership: - US and China dominate hardware and foundational models; India and Europe seen as potential third poles. - India’s vast data, talent, and startup ecosystem position it well to innovate and deploy AI responsibly. - Need for diverse AI forms reflecting cultural differences for global benefit.

Ethical & Societal Considerations: - Concern about AI models appearing conscious; importance of transparency and trust. - AI as an enabler, not replacement; focus on human-centric, ethical deployment. - Rate of learning and adaptability critical for individuals and organizations to thrive.

Presenters: Jeff Walters (Boston Consulting Group), Michael Basker (Microsoft AI).

9. Closing Highlights & Honors

Key Frameworks & Playbooks Mentioned or Implied

Notable KPIs & Targets

Presenters & Sources

This summit provided a comprehensive, multi-sectoral view of India’s growth story, challenges, and leadership vision with actionable insights on capital markets, AI, space, manufacturing, financial inclusion, startups, culture, and resilience.

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