Mastercard, Embassy Group & Brookfield Executives Bullish On India's Potential As Global Powerhouse

Описание: At the CNBC-TV18 Global Leadership Summit, top business leaders from Mastercard, Embassy Group, and Brookfield discussed India’s growth trajectory, the convergence of physical and digital infrastructure, and its potential as a global powerhouse.

Ari Sarkar, Mastercard’s President for Asia Pacific, highlighted how Mastercard’s presence in India reflects the country’s consumer evolution. “Over a decade ago, there were just about 15 to 16 million unique credit card holders in this country,” he noted.

Jitu Virwani, Chairman and Managing Director of Embassy Group, explained why India has attracted global corporations since as early as 1994.

“People here speak English and think English,” he said, describing it as a key factor for foreign companies. Recounting foreign reactions to India’s corporate parks, he shared, “There was a time when we traveled to the US and showed some of our videos, and people thought it was animated.”

Ankur Gupta, Managing Partner at Brookfield, noted India’s shift from a cost-saving destination to a strategic player in the global economy.

“India is part of the global economic ecosystem… a $3.5 trillion economy… doubling every five years,” he said. Predicting India will become “the greenest country in the world,” he cited “the abundance of resources” like solar energy.

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