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India’s First Think20 Meeting


Mumbai, 19 October 2015: India’s first Think20 (T20) regional consultation on “Turkey, India and the G20″ brought together think tank experts from Turkey, China, India and Australia, business leaders from India and diplomatic representatives from the G20 countries to discuss issues concerning the G20. The observations and recommendations from the T20 meeting will be officially sent to the Turkish G20 Presidency.

Dr. Raghuram Rajan, Governor of the Reserve Bank of India, delivered the keynote address at the meeting. His complete speech is available here.

The opening session was followed by a Joint Think Tank and Business Session on “Assessing the Impact of Geopolitics on Business”. The session was moderated by Mohandas Pai, Chairman, Manipal Global Education; founder member, Gateway House; former CFO, Infosys Technologies. The panelists were Ambassador Halit Bozkurt Aran, Head of multilateral division, TEPAV, Turkey; Yaduvendra Mathur, Chairman EXIM Bank India; Rakesh Jhunjhunwala, Rare Enterprises and founder member Gateway House; Seshadri Chari, Executive Director, Forum for Strategic & Security Studies.

Mohandas Pai opened the discussion with emerging markets being the drivers of change and soon, the world’s dominant economic powers. This, he said, will be possible through innovations in the field of shale gas, solar energy, stem cell research etc. The next big change in the global economy, he continued, will be through investments in disruptive technologies that will change the existing systems of manufacturing.

Rakesh Jhunjhunwala talked about the re-emergence of China and India and stressed that emerging markets should be given their due position on global platforms. He opined that West Asia would lose its current global position due to the falling demand for oil.

Sheshadri Chari pointed out the problems of inequality of wealth and human resources and the importance of wealth redistribution and sustainable growth. Picking up on the thread of Dr. Rajan’s speech, he noted that in India, good economics does not mean good politics and gave the example of the 2004 elections in which the successful and reformist incumbents in Andhra Pradesh, Delhi, Karnataka and Tamil Nadu lost despite good economic performance.

Yaduvendra Mathur noted that geopolitical risk is now among the top five risks to businesses. He said that the Indian government has been supportive of businesses investing in regions like Africa as well as neighbouring SAARC. He noted that while the newly-formed trade groups like TPP and TTIP will be challenges for India, the RCEP is an opportunity for India to capitalise on. Indian businesses should move up the value chain and acquire overseas assets and integrate into the global value chains, he said.

Ambassador Halit Bozkurt Aran noted that since the multilateral systems are not working, the industrialised countries have formulated agreements that will be game changers.


Below is a compilation of exclusive interviews with the participants and pictures from the meeting.

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Ussal Sahbaz, Director of G20 Studies, TEPAV discusses the importance of the meeting and other sub-forums of G20 including the objectives of Turkey’s 2015 presidency. Listen to the audio podcast here.


Akshay Mathur, Director of Research, Gateway House, tells us what T20 is, its importance to the G20 and India. Listen to the audio podcast here.

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Parth Shah, founder, Centre for Civil Society, talks bout inclusive business models and how learning from behavioural economics can be applied to SMEs. Listen to the audio podcast here.

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John Hartley AO, Institute Director & CEO, Future Directions International, talks about five key issues that the G20 must address. Listen to the audio podcast here.

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Developing sustainable forms of energy and infrastructure is a must to cater to our current and future needs, saidRathin Roy, Director, National Institute of Public Finance and Policy. Listen to the audio podcast here.

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Seshadri Chari, Executive Director, Forum for Strategic & Security Studies, talks about rural and agricultural infrastructure and what more needs to be done. Listen to the audio podcast here.

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For more information, videos, pictures, sound bytes or interview requests, please contact Ashna Contractor at c.ashna@gatewayhouse.in