T20 Turkey

Think20 Event in Mumbai

27/10/2015

Think20 Event in Mumbai brings together Dr. Raghuram Rajan, Governor, Reserve Bank of India and experts from foreign and Indian think tanks, business leaders from India, and government representatives from the G20 countries.

On 19 October 2015, TEPAV and Gateway House co-organized the regional consultation meeting “Turkey, India and the G20” in Mumbai. The meeting was the first Think20 event to be held in India bringing together over 50 experts from foreign and Indian think tanks, business leaders from India, and government representatives from the G20 countries to discuss issues of global economic governance and foreign economic policy.

Dr. Raghuram Rajan, Governor, Reserve Bank of India delivered the keynote address “Global Economy and Challenges for Multilateral Policies.” Underlining the need for “new rules of the game, as well as a reform of the multilateral institutions to enforce them” Dr. Rajan, remarks included: “We need new rules of the game on policy. And I think we always retreat as central bankers to say we have a domestic mandate. What we need is a political consensus to go beyond domestic mandates to think in this integrated world where monetary policies affect each other, what might be a sensible way of moving forward. I don’t want to pose any easy solutions to this – happy to discuss it in a debate, but it is something that we need to do.”

The public event continued with a joint think tank and business session on “Assessing the Impact of Geopolitics on Business” with the participation of business representatives, think tank experts and government officials from India, China, Turkey and Australia as well as diplomatic representation from G20 countries. The panellists included 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.

In the afternoon five working sessions were held for think tank experts to discuss a range of global economic issues including global trade and investments, inclusive business models, financing sustainable infrastructure and building skills for a technology and services-driven economy. Recommendations from the dialogue will be incorporated into the Think20 policy papers that that will be submitted to the Turkish G20 presidency, and incorporated into the discourse for the G20 Leaders Summit scheduled for 15-16 November, 2015, Antalya, Turkey.