China and India: sustaining High Quality Growth, New Delhi, India, March 19-20, 2012

New Delhi, India, March 19 - 20, 2012

China and India: Sustaining High Quality Growth

Focus

The conference will provide an opportunity to discuss China's and India's growth successes among policymakers, practitioners, and academics. It will focus on areas that are viewed as key to sustaining high quality growth over the medium term. It will include a discussion of development paths, financial sector reforms, ways to cope with bouts of global financial instability, inclusiveness, and taxation.

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Program

Monday, March 19

8:00-8:30	Registration
8:45–9:00	Opening Remarks: Webcast Isher Judge Ahluwalia, Chairperson, Board of Governors, ICRIER Anoop Singh, Director, Asia and Pacific Department (APD), IMF
9:00–9:30	Keynote Remarks: Webcast Du Jinfu, Deputy Governor, PBC B.K. Chaturvedi, Member Planning Commission India, and Deputy Leader of Indian delegation on the India China Strategic Economic Dialogue
9:30– 11:00	SESSION 1 – The Unfinished Agenda of Financial Sector Reforms Webcast Financial sectors have evolved rapidly over the past several years in China and India, and is an area for continued reforms in both countries. However, challenges remain, especially in broadening and deepening access to formal financial system. Further, in light of the financial crisis, increasing attention needs to be paid to systemic risks and interconnectedness of markets... More The panel will discuss the following key questions: • How can financial reform help transform China and India's economic growth model? • What types of financial reforms are needed for China and India in light of the financial crisis? • What are the main obstacles to accelerating progress toward financial inclusion? How can they be overcome? • Does financial regulation have a role in achieving equity? *Moderator: YV Reddy, former Governor, Reserve Bank of India (RBI) Panelists: - Qi Bin, Director-General, Research and Strategy Center, China Security Regulatory Commission (CSRC) - Wendy Dobson, Professor, Rotman School of Management, University of Toronto - K.P. Krishnan, Secretary, Economic Advisory Council to the Prime Minister, India - Rajiv Lall, Managing Director and Chief Executive Officer, The Infrastructure Development Finance Company Limited (IDFC) - Ms. Wang Yu*, Deputy Director-General, Research Bureau, PBC
11:00– 11:15	Coffee Break
11:15 – 12:45	SESSION 2 – Development Paths Webcast Both China and India have witnessed rapid growth. However, they have taken different routes. While China has followed a more traditional manufacturing led growth strategy, India’s growth has been driven by the services sector... More While these growth strategies have served these economies well, there may be a need to refocus and reprioritize these strategies. The session will focus on the following key questions: • Can China and India continue on their respective development paths or do they need to become more similar, i.e. with India switching more to manufacturing and China more towards services? • How does the evolution of production and export structures affect future growth? • What are the lessons that these two countries can learn from each other? • How relevant is the G20 Agenda on Development for India and China? *Moderator: Bai Chong-En, , Mansfield Freeman Chair Professor and Associate Dean, School of Economics and Management, Tsinghua University Panelists: - Jahangir Aziz, Senior Asia and India Chief Economist, JP Morgan Chase - Qi Bin, Director-General, Research and Strategy Center, China Security Regulatory Commission - Gajendra Haldea, Adviser to Deputy Chairman, Planning Commission, India - Cong Liang, Deputy Director-General, Department of National Economy, National Development and Reform Commission (NDRC) - Pradip P. Shah*, Chairman, IndAsia Fund Advisors Private Limited
12:45– 13:00	Remarks: Webcast Arvind Virmani, Executive Director for India, IMF
13:00– 14:00	Lunch
14:15– 15:45	SESSION 3 – Ensuring that the Benefits of Growth are Shared Broadly Webcast Higher growth has been seen as the only way out of poverty and income inequality in the emerging economies. Experience shows, however, that higher growth does not automatically translate into lower inequality and substantial progress on social indicators... More The panel will discuss the following key questions: • How rapid growth in India and China has affected poverty and inequality? • What explains the different performance of these two countries? • How to design policy initiatives to make growth more inclusive? *Moderator: Jehangir Pocha, Co-promoter, INX News Pvt. Ltd Panelists: - Narendra Jadhav, Member, Planning Commission, National Advisory Council -Laura Papi, Assistant Director, Asia and Pacific Department, IMF - Sunil Jain, Opinion Editor, Financial Express - Hu Xin Zhi, General Manager, Strategic Planning Department, Agricultural Bank of China - Fan Zhigang*, Deputy Head, Urban Finance Research Institute, Industrial and Commercial Bank of China (ICBC)
15:45– 16:00	Tea Break
16:00– 17:30	SESSION 4 – Securing Fiscal Resources for Development Expenditures Webcast Going forward, raising fiscal resources efficiently will be important for sustaining and furthering growth. Tax reforms in India have yielded results; however, there is still ample scope for simplifying and unifying the tax structure, and for improving the efficiency of tax collection... More The panel will discuss the following key questions: • What are the lessons from China’s experience with tax reforms? • What can be expected from the introduction of the GST and the new Direct Tax Code in India? • What are the remaining hurdles? *Chair/Moderator: Parthasarathi Shome, Indian Council for Research on International Economic Relations (ICRIER) Panelists: - Gao Peiyong, Dean, National Academy of Economic Strategy, Chinese Academy of Social Sciences - Vikram Nehru, Senior Associate, Asia Programme, Carnegie Endowment for International Peace - Sun Jie, Senior Fellow, Institute of World Economics and Politics, China Academy of Social Sciences - Shyamal Mukherjee*, PriceWaterhouseCoopers

Tuesday, March 20

9:00– 10:30	SESSION 5 – Coping with Global Financial Instability Webcast Both, China and India, have become more integrated globally over time. Preventing economic disruptions and sustaining growth in the face of growing uncertainties in the US and the EU is going to be a key challenge for these countries... More The panel will discuss the following key questions: • How to cope with periods of high global financial instability? How disruptive have the US and European problems been or could be? • To what extent can risks associated with exposure to advanced economies be mitigated by reducing reliance on the US dollar and the euro? • Are there merits to internationalizing domestic currencies for emerging countries like China and India? If so, how can this agenda be pushed forward? *Chair/Moderator: Yanqing Yang, Deputy Chief Editor, China Business News Panelists: - Shankar Acharya, ICRIER - Subir Gokarn, RBI Deputy Govenor - Zhang Yuyan, Director and Senior Fellow, Institute of World Economics and Politics, China Academy of Social Sciences - Yung Chul Park, Seoul National University - Zong Liang*, Deputy General Manager, Strategic Planning Department, Bank of China
10:30– 10:45	Coffee Break
10:45– 11:45	Round Table Discussion: Ensuring Strong Growth in the Post-Crisis Global Economy Webcast *Moderator: Vikram Chandra, NDTV Discussants: - Hon. Anand Sharma* , Minister of Commerce & Industry - Zhou Qiren, Dean, National School of Development, Peking University - Ms. Chanda Kochhar, Managing Director, ICICI - Ms. Christine Lagarde, Managing Director, IMF - Bai Chong-En, Mansfield Freeman Chair Professor and Associate Dean, School of Economics and Management, Tsinghua University
12:30– 14:00	Lunch

Event Details

China and India: Sustaining High Quality Growth

Venue:
The Viceregal conference room
The Claridges Hotel
12 Aurangzeb Road
New Delhi, India - 110011

Date: March 19 - 20, 2012

Agenda

Contacts:
Gita Bhatt
Sanjaya Panth