India stands at the cusp of global transitions: B20 Chair N Chandrasekaran

The global transitions favour India, and our growth momentum continues compared to the rest of the world, which faces a low growth situation, said N Chandrasekaran, chair, B20 India, Thursday, lauding India’s growth trajectory.

“We are the fifth largest economy, and we have a lot of things going for us. Just not in terms of economic growth, but in terms of infrastructure as well,” the chairman of Tata Sons said on the eve of the B20 Summit India 2023, organised by the Confederation of Indian Industry in New Delhi.

Chandrasekaran noted that India stood at the cusp of changes happening worldwide.


“Be it digital, energy, or supply chain resilience and transition due to geopolitical situation. In all these transitions, India is extremely well placed,” he pointed out.

Business 20, or B20, is one of the G20 forums representing the global business community, which was set up in 2010.

Chandrasekaran said that the B20 theme was focused on ensuring Responsible, Accelerated, Innovative, Sustainable and Equitable access to all businesses.

“The nine themes, seven task forces and two action councils all address what the world economy, society and global south needs,” Chandrasekaran noted.

The task force centred around digital transition and adoption of AI on scale, which can benefit society.

“So much can be done on generative AI. It requires regulation in some form. How can we come together so that a common framework can be developed to bring responsibility in the use of generative AI, but not choke innovation,” Chandrasekaran said.

Praising India’s efforts on digital public infrastructure, Chandrasekaran pointed out that India has a lot to contribute in DPI or digital public infrastructure stages.

He further pointed to the development of task forces on women empowerment, sustainable financing, resilient supply chains, inclusive growth framework for MSMEs, ESG, skilling and mobility.

B20 has made 54 policy recommendations and over 170 actions to be undertaken.