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India must become the knowledge hub of the world

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CIOL Bureau
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NEW DELHI: India must maximize the benefits of its youthful demographics and turn itself into the knowledge hub of the world through the application of information and communications technology (ICT) in all aspects of Indian life.

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This was one of the 'action points' that emerged from the three days of discussion at the India Economic Summit 2005, which concluded here on Tuesday.

The World Economic Forum and the Confederation of Indian Industry (CII) jointly hosted the India Economic Summit. It brought together business, political and civil society leaders from 33 countries and provided a platform to address and assess India 's economic rise under the theme, “A Young and Resurgent India: Its Impact on Regional and Global Strategies.”

Meanwhile, speaking at the summit, prime minister Manmohan Singh said that in two to three years, India should be targeting 10 per cent growth if its savings rate improves, agricultural output increases and infrastructure is substantially upgraded, prime minister Manmohan Singh said.

The Summit was co-chaired by Jim Goodnight, chief executive officer, SAS, USA; Hans-Joachim Koerber, chief executive officer, Metro, Germany; Nandan Nilekani, president, chief executive officer and managing director, Infosys Technologies and Sir Martin Sorrell, group chief executive, WPP, UK.

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