In his unique address at the ET Global Business Summit, Samir Jain, Vice Chairman and Managing Director, Times Group, shared an unique point of view on Indias transformation with Prime Minister Narendra Modi.

Indias transformation owes much to the PMs resoluteness and his generous dedication to individualss welfare, Jain said.Jain presented a new way of thinking about Indias economic power and proposed an ingenious tax policy change to empower Indias ladies, requesting the PM to consider these concepts.

Pointing out that India is well on its method to becoming a $5 trillion economy by 2025, as the PM had dealt with, Jain stated we ought to consist of the income of countless Indian migrants and Indian origin individuals abroad-- numbering around 3 crore-- when thinking about Indias economic heft.

PM Modi first served society, then India; with the G20 presidency, he will serve the world: Times Group VC and MD Samir JainBy that procedure, Jain stated, the size of Indias economy has actually already crossed $5 trillion-- because if we think of Indians all over, whether here or abroad, they are currently part of a $5 trillion-plus economic powerhouse.

He asked magnate and policymakers to think of methods to leverage the diasporas dynamism for India.Jain asked the PM to think about a tax modification that will reduce taxes for ladies by one portion point and increase them for men by a comparable quantity.

Drawing applause and roaring laughter in unison from the audience when he stated this, he wondered how male magnate, lots of present in the audience, will take to this.The reasoning of this, Jain said, is that the tax differential will work as rewards for higher womens participation in the economy and more transfer of wealth to females-- and for that reason as tools of empowerment.

In his speech later on, Modisaid in a lighter vein that one cant be sure what the elite would do if such a tax plan were actually introduced.Jain likewise said Indias ancient wisdom is a practical guide to wise and responsible company practices.

A service is not almost accumulating wealth, he informed put together magnate, because wealth in Indian thought has a much wider and deeper significance.

Jain explained the idea of Ashta Lakshmi (8 meanings of Lakshmi).

Adi Lakshmi, for example, ought to read in the modern context as signifying the significance of innovation and imagination, he said.

We are now in Amrit Kaal, Jain said in conclusion, and considerations in this organization summit will result in brand-new methods of working towards a strong and flourishing India.